Homework Answers
Answer:
Annual dividend to preferred shares =$48,000
Working notes for the above answer is as under
Dividend to preference shares
= 12% x400,000
=48,000
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Peg Corporation's ledger includes the following selected account balances at December 31, 2019: Amount Account Paid-in...
Question 6 Marla Corporation's ledger includes the following selected account balances at December 31, 2012: 560,000...
Question 6 Marla Corporation's ledger includes the following selected account balances at December 31, 2012: 560,000 820,000 55,000 Paid-in Capital in Excess of Par Value, Common Cash Unearned Revenue Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable Treasury Stock, Common, 36,000 shares Accounts Payable 75,000 300,000 100,000 80,000 40,000 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% Common Stock, $1 par value, 240,000 shares issued...
Question 7 O out of 5.88 points Marla Corporation's ledger includes the following selected account balances...
Question 7 O out of 5.88 points Marla Corporation's ledger includes the following selected account balances at December 31, 2012: Paid-in Capital in Excess of Par Value, Common Cash Unearned Revenue Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable Treasury Stock, Common, 36,000 shares Accounts Payable Preferred Stock, 12% $100 par value, 4,000 shares issued Bonds Payable, 14% Common Stock, $1 par value, 240,000 shares issued 560,000 820,000 55,000 75,000 300,000...
Question 7 O out of 6.65999 points Marla Corporation's ledger includes the following selected account balances...
Question 7 O out of 6.65999 points Marla Corporation's ledger includes the following selected account balances at December 31, 2012: Paid-in Capital in Excess of Par Value, Common Cash Unearned Revenue Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable Treasury Stock, Common, 36,000 shares Accounts Payable 560,000 820,000 55,000 75,000 300,000 100,000 80,000 40,000 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% 900,000 Common Stock,...
Question 9 0 out of 5.88 points Marla Corporation's ledger includes the following selected account balances...
Question 9 0 out of 5.88 points Marla Corporation's ledger includes the following selected account balances at December 31, 2012: Paid-in Capital in Excess of Par Value, Common 560,000 Cash 820,000 Unearned Revenue 55,000 Discount on Bonds Payable 75,000 Retained Earnings 300,000 Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable 100,000 80,000 Treasury Stock, Common, 36,000 shares 40,000 Accounts Payable 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% 900,000 Common Stock,...
tollowing ormauonI REQUIRED: Use Ashley Corporation's ledger includes the following account balances at December 31, 2011:...
tollowing ormauonI REQUIRED: Use Ashley Corporation's ledger includes the following account balances at December 31, 2011: the Accounts Payable Paid-in Capital in Excess of Par Value, Preferred Accumulated Depreciation Paid-in Capital in Excess of Par Value, Common Cash Retained Earnings Dividends Payable Treasury Stock, Common, 2,000 shares Preferred Stock, 996 $100 par value, 5,000 shares issued Bonds Payable Common Stock, $1 par value, 200,000 shares issued 300,000 100,000 150,000 800,000 100,000 400,000 8,000 60,000 500,000 900,000 200,000 1. The balance...
General Corporation’s ledger includes the following account balances at December 31, 2005: ...
General Corporation’s ledger includes the following account
balances at December 31, 2005:
Common Stock, $1 par value, 100,000 shares issued
100,000
Add’l Paid-in Capital in Excess of Par Value, Common
800,000
Preferred Stock, 10%, $60 par value, 10,000 shares
issued 600,000
Add’l Paid-in Capital in Excess of Par Value, Preferred
300,000
Retained Earnings 500,000
Treasury Stock, Common, 1,000 shares
100,000
1.The balance sheet prepared at December 31, 2005, would report
total legal capital of:
2.The balance sheet prepared at December...
Can anyone help me with my homework problems? 1. Sunny Company has the following account balances...
Can anyone help me with my homework problems? 1. Sunny Company has the following account balances after adjusting entries at December 31, 2012: Accounts Payable $24,000 Dividends 7,000 Treasury Stock, Common (22,000 shares) 98,000 Preferred Stock ($10 par) 80,000 Land 220,000 Cash 220,000 Equipment 120,000 Accounts Receivable 90,000 Common Stock ($1 par) 365,000 Sales 820,000 Prepaid Rent 70,000 Bonds Payable (due 2030) 120,000 Premium on Bonds Payable 8,000 Cost of Goods Sold 720,000 Interest Expense 20,000 Unearned Revenue 20,000 Allowance...
Michaels Company Below find the trial balance for Michaels for the year ended December 31, 2019....
Michaels Company Below find the trial balance for Michaels for the year ended December 31, 2019. Using these accounts please prepare a classified balance Sheet at December 31, 2019 Account Name Debit (Credit) Accounts Payable (140,000) Accounts Receivable 170,000 Accumulated Depreciation=Equip (180,000) Accumulated Depreciation-Bldg (370,000) Allowance for uncollectible Accounts (10,000) Bond Sinking Fund 250,000 Bonds Payable (1,000,000) Building 1,050,000 Cash 150,000 Cash Surrender Value of Life Insurance 45,000 Common Stock, $1 par 400,000 shares authorized 100,000 shares issued (100,000) Copyrights...
Udall Corporation's post-closing trial balance at December 31, 2019, was as follows: Debit Credit Accounts Payable...
Udall Corporation's post-closing trial balance at December 31, 2019, was as follows: Debit Credit Accounts Payable $290,000 Accounts Receivable $550,000 Accumulated Depreciation-Building and Equipment 200,000 Additional Paid-in Capital-on Common Stock 1,560,000 Additional Paid-in Capital from Treasury Stock 250,000 Allowance for Doubtful Accounts 30,000 Bonds Payable 400,000 Building and Equipment 1,100,000 Cash 220,000 Common Stock ($1 par value) 150,000 Dividends Payable on Preferred Stock 4,000 Inventories 620,000 Land 380,000 Available-for-Sale Investments 285,000 Trading Investments 215,000 Preferred Stock ($50 par value) 500,000...
Following are selected balance sheet accounts of Despacito Corp. at December 31, 2018 and 2017, and...
Following are selected balance sheet accounts of Despacito Corp. at December 31, 2018 and 2017, and the increases or decreases in each account from 2017 to 2018. Also presented is selected income statement information for the year ended December 31, 2018, and additional information. Increase Selected balance sheet accounts 2018 2017 (Decrease) Assets: Accounts receivable $100,000 $ 94,000 6,000 Inventory 55,000 70,000 (15,000) Prepaid Expenses 30,000 25,000 5,000 Property, plant, and equipment 400,000 200,000 200,000 Accumulated depreciation (200,000) (180,000) 20,000 Deferred tax asset 30,000 40,000 (10,000) Liabilities and stockholders’ equity: Accounts payable 400,000 420,000 (20,000) Interest payable 8,000 6,000 2,000 Accrued expenses payable 10,000 7,000 3,000...
Question 6 Marla Corporation's ledger includes the following selected account balances at December 31, 2012: 560,000 820,000 55,000 Paid-in Capital in Excess of Par Value, Common Cash Unearned Revenue Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable Treasury Stock, Common, 36,000 shares Accounts Payable 75,000 300,000 100,000 80,000 40,000 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% Common Stock, $1 par value, 240,000 shares issued...
Question 7 O out of 5.88 points Marla Corporation's ledger includes the following selected account balances at December 31, 2012: Paid-in Capital in Excess of Par Value, Common Cash Unearned Revenue Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable Treasury Stock, Common, 36,000 shares Accounts Payable Preferred Stock, 12% $100 par value, 4,000 shares issued Bonds Payable, 14% Common Stock, $1 par value, 240,000 shares issued 560,000 820,000 55,000 75,000 300,000...
Question 7 O out of 6.65999 points Marla Corporation's ledger includes the following selected account balances at December 31, 2012: Paid-in Capital in Excess of Par Value, Common Cash Unearned Revenue Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable Treasury Stock, Common, 36,000 shares Accounts Payable 560,000 820,000 55,000 75,000 300,000 100,000 80,000 40,000 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% 900,000 Common Stock,...
Question 9 0 out of 5.88 points Marla Corporation's ledger includes the following selected account balances at December 31, 2012: Paid-in Capital in Excess of Par Value, Common 560,000 Cash 820,000 Unearned Revenue 55,000 Discount on Bonds Payable 75,000 Retained Earnings 300,000 Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable 100,000 80,000 Treasury Stock, Common, 36,000 shares 40,000 Accounts Payable 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% 900,000 Common Stock,...
tollowing ormauonI REQUIRED: Use Ashley Corporation's ledger includes the following account balances at December 31, 2011: the Accounts Payable Paid-in Capital in Excess of Par Value, Preferred Accumulated Depreciation Paid-in Capital in Excess of Par Value, Common Cash Retained Earnings Dividends Payable Treasury Stock, Common, 2,000 shares Preferred Stock, 996 $100 par value, 5,000 shares issued Bonds Payable Common Stock, $1 par value, 200,000 shares issued 300,000 100,000 150,000 800,000 100,000 400,000 8,000 60,000 500,000 900,000 200,000 1. The balance...
General Corporation’s ledger includes the following account
balances at December 31, 2005:
Common Stock, $1 par value, 100,000 shares issued
100,000
Add’l Paid-in Capital in Excess of Par Value, Common
800,000
Preferred Stock, 10%, $60 par value, 10,000 shares
issued 600,000
Add’l Paid-in Capital in Excess of Par Value, Preferred
300,000
Retained Earnings 500,000
Treasury Stock, Common, 1,000 shares
100,000
1.The balance sheet prepared at December 31, 2005, would report
total legal capital of:
2.The balance sheet prepared at December...
Udall Corporation's post-closing trial balance at December 31, 2019, was as follows: Debit Credit Accounts Payable $290,000 Accounts Receivable $550,000 Accumulated Depreciation-Building and Equipment 200,000 Additional Paid-in Capital-on Common Stock 1,560,000 Additional Paid-in Capital from Treasury Stock 250,000 Allowance for Doubtful Accounts 30,000 Bonds Payable 400,000 Building and Equipment 1,100,000 Cash 220,000 Common Stock ($1 par value) 150,000 Dividends Payable on Preferred Stock 4,000 Inventories 620,000 Land 380,000 Available-for-Sale Investments 285,000 Trading Investments 215,000 Preferred Stock ($50 par value) 500,000...
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