Acc 291 Week 4 Individual Assignment – Exercises

In: Business and Management

Submitted By activitymode
Words 935
Pages 4
ACC 291 WEEK 4 INDIVIDUAL ASSIGNMENT – EXERCISES
To purchase this, Click here http://www.activitymode.com/product/291-week-4-individual-assignment-exercises/ Contact us at:
SUPPORT@ACTIVITYMODE.COM
291 WEEK 4 INDIVIDUAL ASSIGNMENT - EXERCISES
291 WK 4 INDIVIDUAL ASSIGNMENT - EXERCISES
Complete Exercises E11-15, E12-1, & E12-2.
Complete Problem 11-6A.
E11-15
Before Action After Stock Dividend After Stock Split
Stockholders’ equity Paid-in capital Common stock $600,000 $630,000 $600,000 In excess of par value 0 3,000 x ($14-$10)= 12,000 0 Total paid-in capital 600,000 642,000 600,000 Retained earnings 900,000 $900,000-(3,000 x $14)
858,000 900,000 Total stockholders’ equity 1,500,000$ $1,500,000 $1,500,000
Outstanding shares 60,000 63,000 120,000
Book value per share $25.00 $23.81 $12.50 P11-6A
(a) Prepare the journal entries for the:
(1) Issuance of preferred stock for land.
Land 296,000
Preferred Stock 240,000 (2,400 x $100)
Paid-in Capital in Excess of Par Value—Preferred 56,000
(2) Issuance of common stock for cash.
Cash 7,700,000 ($2,000,000 + $5,700,000)
Common Stock2,000,000 (400,000 x $5)
Paid-in Capital in Excess of Stated Value—Common 5,700,000
(3) Purchase of common treasury stock for cash.
Treasury Stock 33,000 (1,500 x $22)
Cash 33,000
(4) Sale of treasury stock for cash.
Cash 14,000 (500 x $28)
Common Treasury Stock 11,000 (500 x $22)
Paid-in Capital from Treasury Stock 3,000 (500 x $6)
(b) Prepare the stockholders’ equity section at December 31, 2011. http://www.activitymode.com/product/291-week-4-individual-assignment-exercises/ http://www.activitymode.com/product/291-week-4-individual-assignment-exercises/
http://www.activitymode.com/product/291-week-4-individual-assignment-exercises/…...

Similar Documents

Acc 291 Week 2 Individual Wileyplus Assignment

...In this file ACC 291 Week 2 Individual WileyPLUS Assignment you can find right answers on the following questions: 1. Exercise E8-3. The ledger of Hixson Company at the end of the current year shows Accounts Receivable $120,000, Sales $840,000, and Sales Returns and Allowances $30,000. 2. Exercise BE9-13. Correct. Information related to plant assets, natural resources, and intangibles at the end of 2011 for Spain Company is as follows: buildings $1,100,000; accumulated depreciation-buildings $650,000; goodwill $410,000; coal mine $500,000; accumulated depletion-coal mine $108,000. Complete the partial balance sheet of Spain Company for these items. (List assets with smallest net book value first. Enter all amounts as positive amounts and subtract where necessary.) 3. Exercise Do It! 9. Match the statement with the term most directly associated with it. 4. Exercise E9-9. Presented below are selected transactions at Ingles Company for 2011. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Ingles Company uses straight-line depreciation.(For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.) 5. Exercise E9-10. Beka Company owns equipment that cost $50,000 when purchased on January 1, 2008. It has been depreciated using the straight-line method based on estimated salvage value of $5,000 and an estimated useful life of 5......

Words: 375 - Pages: 2

291 Week 4 Individual Assignment – Exercises

...291 WEEK 4 INDIVIDUAL ASSIGNMENT - EXERCISES To buy this visit, http://www.coursehomework.com/product/291-week-4-individual-assignment-exercises/ or contact us at help@coursehomework.com, +1 315-750-4434 Complete Exercises E11-15, E12-1, & E12-2. Complete Problem 11-6A. E11-15 Before Action After Stock Dividend After Stock Split Stockholders’ equity Paid-in capital Common stock $600,000 $630,000 $600,000 In excess of par value 0 3,000 x ($14-$10)= 12,000 0 Total paid-in capital 600,000 642,000 600,000 Retained earnings 900,000 $900,000-(3,000 x $14) 858,000 900,000 Total stockholders’ equity 1,500,000$ $1,500,000 $1,500,000 Outstanding shares 60,000 63,000 120,000 Book value per share $25.00 $23.81 $12.50 P11-6A (a) Prepare the journal entries for the: (1) Issuance of preferred stock for land. Land 296,000 Preferred Stock 240,000 (2,400 x $100) Paid-in Capital in Excess of Par Value—Preferred 56,000 (2) Issuance of common stock for cash. Cash 7,700,000 ($2,000,000 + $5,700,000) Common Stock2,000,000 (400,000 x $5) Paid-in Capital in Excess of Stated Value—Common 5,700,000 (3) Purchase of common treasury stock for cash. Treasury Stock 33,000 (1,500 x $22) Cash 33,000 (4) Sale of treasury stock for cash. Cash 14,000 (500 x $28) Common Treasury Stock......

Words: 272 - Pages: 2

Acc 291 Week 4 Individual Assignment – Exercises

...A++PAPER;http://www.homeworkproviders.com/shop/acc-291-week-4-individual-assignment-exercises/ ACC 291 WEEK 4 INDIVIDUAL ASSIGNMENT – EXERCISES Complete Exercises E11-15, E12-1, & E12-2. Complete Problem 11-6A. E11-15 Before Action After Stock Dividend After Stock Split Stockholders’ equity Paid-in capital Common stock $600,000 $630,000 $600,000 In excess of par value 0 3,000 x ($14-$10)= 12,000 0 Total paid-in capital 600,000 642,000 600,000 Retained earnings 900,000 $900,000-(3,000 x $14) 858,000 900,000 Total stockholders’ equity 1,500,000$ $1,500,000 $1,500,000 Outstanding shares 60,000 63,000 120,000 Book value per share $25.00 $23.81 $12.50 P11-6A (a) Prepare the journal entries for the: (1) Issuance of preferred stock for land. Land 296,000 Preferred Stock 240,000 (2,400 x $100) Paid-in Capital in Excess of Par Value—Preferred 56,000 (2) Issuance of common stock for cash. Cash 7,700,000 ($2,000,000 + $5,700,000) Common Stock2,000,000 (400,000 x $5) Paid-in Capital in Excess of Stated Value—Common 5,700,000 (3) Purchase of common treasury stock for cash. Treasury Stock 33,000 (1,500 x $22) Cash 33,000 (4) Sale of treasury stock for cash. Cash 14,000 (500 x $28) Common Treasury Stock 11,000 (500 x $22) Paid-in Capital from Treasury Stock 3,000 (500...

Words: 261 - Pages: 2

Acc 291 Week 4 Individual Assignment Exercises

...ACC 291 WEEK 4 INDIVIDUAL ASSIGNMENT EXERCISES A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=week-4-individual-assignment-exercises Visit Our website: http://hwsoloutions.com/ Product Description 291 WK 4 INDIVIDUAL ASSIGNMENT – EXERCISES Complete Exercises E11-15, E12-1, & E12-2. Complete Problem 11-6A. E11-15 Before Action After Stock Dividend After Stock Split Stockholders’ equity Paid-in capital Common stock $600,000 $630,000 $600,000 In excess of par value 0 3,000 x ($14-$10)= 12,000 0 Total paid-in capital 600,000 642,000 600,000 Retained earnings 900,000 $900,000-(3,000 x $14) 858,000 900,000 Total stockholders’ equity 1,500,000$ $1,500,000 $1,500,000 Outstanding shares 60,000 63,000 120,000 Book value per share $25.00 $23.81 $12.50 P11-6A (a) Prepare the journal entries for the: (1) Issuance of preferred stock for land. Land 296,000 Preferred Stock 240,000 (2,400 x $100) Paid-in Capital in Excess of Par Value—Preferred 56,000 (2) Issuance of common stock for cash. Cash 7,700,000 ($2,000,000 + $5,700,000) Common Stock2,000,000 (400,000 x $5) Paid-in Capital in Excess of Stated Value—Common 5,700,000 (3) Purchase of common treasury stock for cash. Treasury Stock 33,000 (1,500 x $22) Cash 33,000 (4) Sale of treasury stock for cash. Cash 14,000 (500 x $28) Common Treasury Stock 11,000 (500 x $22) Paid-in Capital from Treasury Stock 3,000 (500 x $6) (b) Prepare the stockholders’......

Words: 276 - Pages: 2

Acc 291 Week 1 – Individual Assignment – Exercises

...ACC 291 WEEK 1 – INDIVIDUAL ASSIGNMENT – EXERCISES To purchase this, Click here http://www.activitymode.com/product/acc-291-week-1-individual-assignment-exercises/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACC 291 WEEK 1 - INDIVIDUAL ASSIGNMENT - EXERCISES E9-2 Trudy Company incurred the following costs. 1. Sales tax on factory machinery purchased $ 5,000 2. Painting of and lettering on truck immediately upon purchase 700 3. Installation and testing of factory machinery 2,000 4. Real estate broker’s commission on land purchased 3,500 5. Insurance premium paid for first year’s insurance on new truck 880 6. Cost of landscaping on property purchased 7,200 7. Cost of paving parking lot for new building constructed 17,900 8. Cost of clearing, draining, and filling land 13,300 9. Architect’s fees on self-constructed building 10,000 Instructions Indicate to which account Trudy would debit each of the costs. 1.) Factory Machinery $ 5,000 2.) Truck 700 3.) Factory Machinery 2,000 4.) Land purchased 3,500 5.) Prepaid Insurance 880 6.) Land Improvements 7,200 7.) Land Improvements 17,900 8.) Land 13,300 9.) Building 10,000 ACC 291 WEEK 1 – INDIVIDUAL ASSIGNMENT – EXERCISES To purchase this, Click here http://www.activitymode.com/product/acc-291-week-1-individual-assignment-exercises/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACC 291 WEEK 1 - INDIVIDUAL ASSIGNMENT - EXERCISES E9-2 Trudy Company incurred the following costs. 1. Sales tax on factory......

Words: 752 - Pages: 4

Acc 291 Week 3 Individual Wileyplus Assignment

...ACC 291 WEEK 3 INDIVIDUAL WILEYPLUS ASSIGNMENT To purchase this visit here: http://www.nerdypupil.com/product/acc-291-week-3-individual-wileyplus-assignment/ Contact us at: nerdypupil@gmail.com ACC 291 WEEK 3 INDIVIDUAL WILEYPLUS ASSIGNMENT Resource:WileyPLUS Complete the following WileyPLUS Week Three Exercises and Problems: • Exercise E9-7 • Exercise E10-5 • Exercise E10-10 • Exercise E10-11 • Exercise E10-15 • Exercise E10-18 • Problem P10-5A Problem P10-9A Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 291 Week 3 Individual WileyPLUS Assignment in order to ace their studies. ACC 291 WEEK 3 INDIVIDUAL WILEYPLUS ASSIGNMENT To purchase this visit here: http://www.nerdypupil.com/product/acc-291-week-3-individual-wileyplus-assignment/ Contact us at: nerdypupil@gmail.com ACC 291 WEEK 3 INDIVIDUAL WILEYPLUS ASSIGNMENT Resource:WileyPLUS Complete the following WileyPLUS Week Three Exercises and Problems: • Exercise E9-7 • Exercise E10-5 • Exercise E10-10 • Exercise E10-11 • Exercise E10-15 • Exercise E10-18 • Problem P10-5A Problem P10-9A Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 291 Week 3 Individual WileyPLUS Assignment in order to ace their studies. ACC 291 WEEK 3 INDIVIDUAL WILEYPLUS ASSIGNMENT To purchase this visit......

Words: 701 - Pages: 3

Acc 291 Week 4 Individual Wileyplus Assignment

...ACC 291 WEEK 4 INDIVIDUAL WILEYPLUS ASSIGNMENT To purchase this visit here: http://www.nerdypupil.com/product/acc-291-week-4-individual-wileyplus-assignment/ Contact us at: nerdypupil@gmail.com ACC 291 WEEK 4 INDIVIDUAL WILEYPLUS ASSIGNMENT Resource:WileyPLUS Complete the following WileyPLUS Week Four Exercises and Problems: • Exercise Do It! 11-1 • Exercise E11-15 • Exercise E11-16 • Problem P11-6A Problem P11-8A Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 291 Week 4 Individual WileyPLUS Assignment in order to ace their studies. ACC 291 WEEK 4 INDIVIDUAL WILEYPLUS ASSIGNMENT To purchase this visit here: http://www.nerdypupil.com/product/acc-291-week-4-individual-wileyplus-assignment/ Contact us at: nerdypupil@gmail.com ACC 291 WEEK 4 INDIVIDUAL WILEYPLUS ASSIGNMENT Resource:WileyPLUS Complete the following WileyPLUS Week Four Exercises and Problems: • Exercise Do It! 11-1 • Exercise E11-15 • Exercise E11-16 • Problem P11-6A Problem P11-8A Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 291 Week 4 Individual WileyPLUS Assignment in order to ace their studies. ACC 291 WEEK 4 INDIVIDUAL WILEYPLUS ASSIGNMENT To purchase this visit here: http://www.nerdypupil.com/product/acc-291-week-4-individual-wileyplus-assignment/ Contact us at: nerdypupil@gmail.com ACC 291 WEEK 4 INDIVIDUAL WILEYPLUS......

Words: 745 - Pages: 3

Acc 291 Week 4 Individual Wileyplus Practice

...ACC 291 WEEK 4 INDIVIDUAL WILEYPLUS PRACTICE To purchase this visit here: http://www.nerdypupil.com/product/acc-291-week-4-individual-wileyplus-practice/ Contact us at: nerdypupil@gmail.com ACC 291 WEEK 4 INDIVIDUAL WILEYPLUS PRACTICE Resource:WileyPLUS Complete the WileyPLUS Week Four Practice Quizzes for chapters 13 and 14 Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 291 Week 4 Individual WileyPLUS Practice in order to ace their studies. ACC 291 WEEK 4 INDIVIDUAL WILEYPLUS PRACTICE To purchase this visit here: http://www.nerdypupil.com/product/acc-291-week-4-individual-wileyplus-practice/ Contact us at: nerdypupil@gmail.com ACC 291 WEEK 4 INDIVIDUAL WILEYPLUS PRACTICE Resource:WileyPLUS Complete the WileyPLUS Week Four Practice Quizzes for chapters 13 and 14 Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 291 Week 4 Individual WileyPLUS Practice in order to ace their studies. ACC 291 WEEK 4 INDIVIDUAL WILEYPLUS PRACTICE To purchase this visit here: http://www.nerdypupil.com/product/acc-291-week-4-individual-wileyplus-practice/ Contact us at: nerdypupil@gmail.com ACC 291 WEEK 4 INDIVIDUAL WILEYPLUS PRACTICE Resource:WileyPLUS Complete the WileyPLUS Week Four Practice Quizzes for chapters 13 and 14 Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 291 Week 4 Individual WileyPLUS Practice in order to ace their studies. ...

Words: 554 - Pages: 3

Acc 291 Week 4 Wileyplus Assignment

...ACC 291 WEEK 4 WILEYPLUS ASSIGNMENT To purchase this visit here: http://www.nerdypupil.com/product/acc-291-week-4-wileyplus-assignment/ Contact us at: nerdypupil@gmail.com ACC 291 WEEK 4 WILEYPLUS ASSIGNMENT Do It! 11-1, E11-5, E11-7, BYP11-1, BYP11-2, P11-5A, P11-8A. • Do It! 11-1 • Exercise 11-5 Garcia Corporation • Exercise 11-7 Pele Company • Broadening Your Perspective 11-1 Tootsie Roll • Broadening Your Perspective 11-2 Tootsie Roll & Hershey • Problem 11-5A Pringle Corporation • Problem 11-8A Everett Corporation Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 291 Week 4 Wileyplus Assignment in order to ace their studies. ACC 291 WEEK 4 WILEYPLUS ASSIGNMENT To purchase this visit here: http://www.nerdypupil.com/product/acc-291-week-4-wileyplus-assignment/ Contact us at: nerdypupil@gmail.com ACC 291 WEEK 4 WILEYPLUS ASSIGNMENT Do It! 11-1, E11-5, E11-7, BYP11-1, BYP11-2, P11-5A, P11-8A. • Do It! 11-1 • Exercise 11-5 Garcia Corporation • Exercise 11-7 Pele Company • Broadening Your Perspective 11-1 Tootsie Roll • Broadening Your Perspective 11-2 Tootsie Roll & Hershey • Problem 11-5A Pringle Corporation • Problem 11-8A Everett Corporation Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 291 Week 4 Wileyplus Assignment in order to ace their studies. ACC 291 WEEK 4 WILEYPLUS ASSIGNMENT To purchase this visit......

Words: 813 - Pages: 4

Acc 291 Week 5 Individual Wileyplus Assignment

...ACC 291 WEEK 5 INDIVIDUAL WILEYPLUS ASSIGNMENT To purchase this visit here: http://www.nerdypupil.com/product/acc-291-week-5-individual-wileyplus-assignment/ Contact us at: nerdypupil@gmail.com ACC 291 WEEK 5 INDIVIDUAL WILEYPLUS ASSIGNMENT Resource:WileyPLUS Complete the following Week Five WileyPLUSExercises and Problems: • Exercise E13-1 • Exercise E13-8 • Exercise E14-1 • Problem P13-9A • Problem P13-10A Problem P14-2A Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 291 Week 5 Individual WileyPLUS Assignment in order to ace their studies. ACC 291 WEEK 5 INDIVIDUAL WILEYPLUS ASSIGNMENT To purchase this visit here: http://www.nerdypupil.com/product/acc-291-week-5-individual-wileyplus-assignment/ Contact us at: nerdypupil@gmail.com ACC 291 WEEK 5 INDIVIDUAL WILEYPLUS ASSIGNMENT Resource:WileyPLUS Complete the following Week Five WileyPLUSExercises and Problems: • Exercise E13-1 • Exercise E13-8 • Exercise E14-1 • Problem P13-9A • Problem P13-10A Problem P14-2A Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 291 Week 5 Individual WileyPLUS Assignment in order to ace their studies. ACC 291 WEEK 5 INDIVIDUAL WILEYPLUS ASSIGNMENT To purchase this visit here: http://www.nerdypupil.com/product/acc-291-week-5-individual-wileyplus-assignment/ Contact us at: nerdypupil@gmail.com ACC 291......

Words: 559 - Pages: 3

Acc 291 Week 4 Individual Assignment – Exercises

...ACC 291 WEEK 4 INDIVIDUAL ASSIGNMENT – EXERCISES To purchase this tutorial visit here: http://mindsblow.us/question_des/ACC291WEEK4INDIVIDUALASSIGNMENTEXERCISES/141 contact us at: help@mindblows.us ACC 291 WEEK 4 INDIVIDUAL ASSIGNMENT – EXERCISES Complete Problem 11-6A. E11-15 Before Action After Stock Dividend After Stock Split Stockholders’ equity Paid-in capital Common stock $600,000 $630,000 $600,000 In excess of par value 0 3,000 x ($14-$10)= 12,000 0 Total paid-in capital 600,000 642,000 600,000 Retained earnings 900,000 $900,000-(3,000 x $14) 858,000 900,000 Total stockholders’ equity 1,500,000$ $1,500,000 $1,500,000 Outstanding shares 60,000 63,000 120,000 Book value per share $25.00 $23.81 $12.50 P11-6A (a) Prepare the journal entries for the: (1) Issuance of preferred stock for land. Land 296,000 Preferred Stock 240,000 (2,400 x $100) Paid-in Capital in Excess of Par Value—Preferred 56,000 (2) Issuance of common stock for cash. Cash 7,700,000 ($2,000,000 + $5,700,000) Common Stock2,000,000 (400,000 x $5) Paid-in Capital in Excess of Stated Value—Common 5,700,000 (3) Purchase of common treasury stock for cash. Treasury Stock 33,000 (1,500 x $22) Cash 33,000 (4) Sale of treasury stock for cash. Cash 14,000 (500 x $28) Common Treasury Stock 11,000 (500 x $22) Paid-in Capital from Treasury Stock 3,000 (500 x $6) (b) Prepare the......

Words: 787 - Pages: 4

Acc 291 Week 1 Individual Assignment

...ACC 291 WEEK 1 INDIVIDUAL ASSIGNMENT To purchase this tutorial visit here: http://mindsblow.us/question_des/ACC291WEEK1INDIVIDUALASSIGNMENT/138 contact us at: help@mindblows.us ACC 291 WEEK 1 INDIVIDUAL ASSIGNMENT E9-2 Trudy Company incurred the following costs. 1. Sales tax on factory machinery purchased $ 5,000 2. Painting of and lettering on truck immediately upon purchase 700 3. Installation and testing of factory machinery 2,000 4. Real estate broker’s commission on land purchased 3,500 5. Insurance premium paid for first year’s insurance on new truck 880 6. Cost of landscaping on property purchased 7,200 7. Cost of paving parking lot for new building constructed 17,900 8. Cost of clearing, draining, and filling land 13,300 9. Architect’s fees on self-constructed building 10,000 Instructions Indicate to which account Trudy would debit each of the costs. ACC 291 WEEK 1 INDIVIDUAL ASSIGNMENT To purchase this tutorial visit here: http://mindsblow.us/question_des/ACC291WEEK1INDIVIDUALASSIGNMENT/138 contact us at: help@mindblows.us ACC 291 WEEK 1 INDIVIDUAL ASSIGNMENT E9-2 Trudy Company incurred the following costs. 1. Sales tax on factory machinery purchased $ 5,000 2. Painting of and lettering on truck immediately upon purchase 700 3. Installation and testing of factory machinery 2,000 4. Real estate broker’s commission on land purchased 3,500 5. Insurance premium paid for first year’s insurance on new truck 880 6. Cost of landscaping on......

Words: 2381 - Pages: 10

Acc 291 Week 4 Individual Assignment – Exercises

...ACC 291 WEEK 4 INDIVIDUAL ASSIGNMENT – EXERCISES TO purchase this tutorial visit following link: http://wiseamerican.us/product/acc-291-week-4-individual-assignment-exercises/ Contact us at: SUPPORT@WISEAMERICAN.US ACC 291 WEEK 4 INDIVIDUAL ASSIGNMENT – EXERCISES Complete Problem 11-6A. E11-15 Before Action After Stock Dividend After Stock Split Stockholders’ equity Paid-in capital Common stock $600,000 $630,000 $600,000 In excess of par value 0 3,000 x ($14-$10)= 12,000 0 Total paid-in capital 600,000 642,000 600,000 Retained earnings 900,000 $900,000-(3,000 x $14) 858,000 900,000 Total stockholders’ equity 1,500,000$ $1,500,000 $1,500,000 Outstanding shares 60,000 63,000 120,000 Book value per share $25.00 $23.81 $12.50 P11-6A (a) Prepare the journal entries for the: (1) Issuance of preferred stock for land. Land 296,000 Preferred Stock 240,000 (2,400 x $100) Paid-in Capital in Excess of Par Value—Preferred 56,000 (2) Issuance of common stock for cash. Cash 7,700,000 ($2,000,000 + $5,700,000) Common Stock2,000,000 (400,000 x $5) Paid-in Capital in Excess of Stated Value—Common 5,700,000 (3) Purchase of common treasury stock for cash. Treasury Stock 33,000 (1,500 x $22) Cash 33,000 (4) Sale of treasury stock for cash. Cash 14,000 (500 x $28) Common Treasury Stock 11,000 (500 x $22) Paid-in Capital from Treasury Stock 3,000 (500 x $6) (b) Prepare the......

Words: 270 - Pages: 2

Acc 291 Week 1 Individual Assignment

...ACC 291 WEEK 1 INDIVIDUAL ASSIGNMENT TO purchase this tutorial visit following link: http://wiseamerican.us/product/acc-291-week-1-individual-assignment/ Contact us at: SUPPORT@WISEAMERICAN.US ACC 291 WEEK 1 INDIVIDUAL ASSIGNMENT E9-2 Trudy Company incurred the following costs. 1. Sales tax on factory machinery purchased $ 5,000 2. Painting of and lettering on truck immediately upon purchase 700 3. Installation and testing of factory machinery 2,000 4. Real estate broker’s commission on land purchased 3,500 5. Insurance premium paid for first year’s insurance on new truck 880 6. Cost of landscaping on property purchased 7,200 7. Cost of paving parking lot for new building constructed 17,900 8. Cost of clearing, draining, and filling land 13,300 9. Architect’s fees on self-constructed building 10,000 Instructions Indicate to which account Trudy would debit each of the costs. ACC 291 WEEK 1 INDIVIDUAL ASSIGNMENT TO purchase this tutorial visit following link: http://wiseamerican.us/product/acc-291-week-1-individual-assignment/ Contact us at: SUPPORT@WISEAMERICAN.US ACC 291 WEEK 1 INDIVIDUAL ASSIGNMENT E9-2 Trudy Company incurred the following costs. 1. Sales tax on factory machinery purchased $ 5,000 2. Painting of and lettering on truck immediately upon purchase 700 3. Installation and testing of factory machinery 2,000 4. Real estate broker’s commission on land purchased 3,500 5. Insurance premium paid for first year’s insurance on new......

Words: 877 - Pages: 4

Acc 291 Week 4 Individual Assignment – Exercises

...ACC 291 WEEK 4 INDIVIDUAL ASSIGNMENT – EXERCISES TO purchase this tutorial visit following link: http://wiseamerican.us/product/acc-291-week-4-individual-assignment-exercises/ Contact us at: SUPPORT@WISEAMERICAN.US ACC 291 WEEK 4 INDIVIDUAL ASSIGNMENT – EXERCISES Complete Problem 11-6A. E11-15 Before Action After Stock Dividend After Stock Split Stockholders’ equity Paid-in capital Common stock $600,000 $630,000 $600,000 In excess of par value 0 3,000 x ($14-$10)= 12,000 0 Total paid-in capital 600,000 642,000 600,000 Retained earnings 900,000 $900,000-(3,000 x $14) 858,000 900,000 Total stockholders’ equity 1,500,000$ $1,500,000 $1,500,000 Outstanding shares 60,000 63,000 120,000 Book value per share $25.00 $23.81 $12.50 P11-6A (a) Prepare the journal entries for the: (1) Issuance of preferred stock for land. Land 296,000 Preferred Stock 240,000 (2,400 x $100) Paid-in Capital in Excess of Par Value—Preferred 56,000 (2) Issuance of common stock for cash. Cash 7,700,000 ($2,000,000 + $5,700,000) Common Stock2,000,000 (400,000 x $5) Paid-in Capital in Excess of Stated Value—Common 5,700,000 (3) Purchase of common treasury stock for cash. Treasury Stock 33,000 (1,500 x $22) Cash 33,000 (4) Sale of treasury stock for cash. Cash 14,000 (500 x $28) Common Treasury Stock 11,000 (500 x $22) Paid-in Capital from Treasury Stock 3,000 (500 x $6) (b) Prepare the......

Words: 270 - Pages: 2