Complete the following requirements for each independent case.Case A: The charter for Roge...

Complete the following requirements for each independent case.

Case A: The charter for Rogers, Incorporated, authorized the following capital stock: Common stock, par $10, 103.000 shares

Preferred stock. 9 percent, par value $8 per share. 4,000 shares

The company sold 40,000 shares of common stock and 3,000 shares of preferred stock. During 2011, the following selected transactions were completed in the order given:

1. Rogers declared and paid dividends in the amount of S10.000. How much was paid to the holders of preferred stock? How much was paid to the common stockholders?

2. Rogers purchased 5,000 shares for treasury stock. After this transaction, how many shares of common stock were outstanding?

3. Describe the financial statement effects if Rogers sold 1,000 shares of treasury stock for $5 more than it paid.

4. Describe the financial statement effects if Rogers declared and issued a 2-for-l stock split.

Case B: Ospry, Inc., has a quick ratio of 0.50 and working capital in the amount of $960,000. For each of the following transactions, determine whether the quick ratio and working capital will increase, decrease, or remain the same.

1. Paid accounts payable in the amount of $ 10,000.

2. Recorded rent payable in the amount of $22,000.

3. Collected $5,000 in accounts receivable.

4. Purchased $20.000 of new inventory for cash.

Case C: James Corporation is planning to issue $l,000,000 worth of bonds that mature in 10 years and pay 5 percent interest each December 31. All of the bonds will be sold on January 1,2011.

Required:

Compute the issue (sale) price on January 1, 2011, for each of the following independent cases (show computations):

1. Market (yield) rate, 5 percent.

2. Market (yield) rate, 4 percent.

3. Market (yield) rate, 6 percent.

Case D: Miller Enterprises is a national chain of upscale bicycle shops. The company has followed a successful strategy of locating near major universities. Miller has the opportunity to expand into several new markets but must raise additional capital. The company has engaged in the following transactions:

Issued 45,000 additional shares of common stock. The stock has a par value of SI and sells in the market for S25 per share.

Issued bonds. These bonds have a face value of $1,000,000 and mature in 10 years. The bonds pay 10 percent interest, semiannually. The current market rate of interest is 8 percent.

Required:

1. Record the sale of the bonds.

2. Record the issuance of the of the stock.