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AC116 TEXTBOOK EXERCISES TEMPLATE - UNIT 7-Joanna Aeschbacker

# AC116 TEXTBOOK EXERCISES TEMPLATE - UNIT 7-Joanna Aeschbacker

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Problem 13-3A Name: Joanna Aeschbacker Section: 4 Enter the appropriate amounts and accounts in the shaded cells below. A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells. JOURNAL Description Debit Credit a. Treasury Stock ### 540,000 ### ### Cash ### ### 540,000 ### b. Cash ### 462,000 ### ### Treasury Stock ### ### 378,000 ### Paid-in Capital from Sale of Treasury Stock ### ### 84,000 ### c. Cash ### 285,000 ### ### Preferred Stock ### ### 187,500 ### Paid-in Capital in Excess of Par Value - Preferred Stock ### ### 97,500 ### d. Cash ### 1,800,000 ### ### Common Stock ### ### 600,000 ### Paid-in Capital in Excess of Par Value - Common Stock ### ### 1,200,000 ### e. Cash ### 110,500 ### ### Paid-in Capital from Sale of Treasury Stock ### 6,500 ### ### Treasury Stock ### ### 117,000 ### f. Cash Dividends ### 387,050 ### ### Cash Dividends Payable ### 387,050 ### g. Cash Dividends Payable ### 387,050 ### ### Cash ### ### 387,050 ###

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Problem 13-5A Name: Joanna Aeschback Section: 4 Enter the appropriate amounts and accounts in the shaded cells below. A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells.

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Unformatted text preview: JOURNAL Date Description Debit Jan. 10 No Entry Required ### No Entry Required ### Mar. 1 Cash Dividends ### 216,000 ### Cash Dividends Payable ### ### Apr. 30 Cash Dividends Payable ### 216,000 ### Cash ### ### July 9 Treasury Stock ### 1,950,000 ### Cash ### ### Aug. 29 Cash ### 1,280,000 ### Treasury Stock ### ### Paid-in Capital from Sale of Treasury Stock ### ### Sept. 1 Cash Dividends ### 165,750 ### Cash Dividends Payable ### ### 1 Stock Dividends ### 139,500 ### Stock Dividends Distributable ### ### Paid-in Capital in Excess of Par Value - Common Stock ### ### Oct. 31 Cash Dividends Payable ### 165,750 ### Cash ### ### 31 Stock Dividends Distributable ### 116,250 ### Common Stock ### ### ker Credit ### 216,000 ### ### 216,000 ### ### 1,950,000 ### ### 1,040,000 ### 240,000 ### ### 165,750 ### ### 116,250 ### 23,250 ### ### 165,750 ### ### 116,250 ###...
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AC116 TEXTBOOK EXERCISES TEMPLATE - UNIT 7-Joanna Aeschbacker

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