Fill in order details

  • Submit your instructions
    to writers for free!

Chat with the writer

  • Chat with preferred expert writers
  • Request a preview of your paper
    from them for free

Editing

  • Project edited by the quality evaluation department

Download Your Completed Project

  • Download the completed project from your account or have it sent to your email address

Preferred Stock, ($100 par value, 3% noncumulative, 50,000 shares authorized, 5,000 shares issued and outstanding) $500,000 Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding) $1,000,000

Preferred Stock, ($100 par value, 3% noncumulative, 50,000 shares authorized, 5,000 shares issued and outstanding) $500,000

Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding) $1,000,000

Paid-in Capital in Excess of par, Common 200,000

Retained Earnings 700,000

  1. On January 1, Moon Corp. declared a 5% stock dividend on its common stock when the market value of the common stock was $11 per share. Stock dividends were distributed on January 31 to shareholders as of January 25.
  2. On February 15, Moon Corp. reacquired 500 shares of common stock for $12 each.
  3. On March 31, Moon Corp. reissued 250 shares of treasury stock for $20 each.
  4. On July 1, Moon Corp. reissued 250 shares of treasury stock for $10 each.
  5. On October 1, Moon Corp. declared full year dividends for preferred stock and $1.00 cash dividends for outstanding shares and paid shareholders on October 15.
  6.   On December 15, Moon Corp. split common stock 2 shares for 1.
  7. Net Income for 2016 was $200,000.

A. Prepare journal entries?

B. Stockholders’ section of a classified balance sheet as of December 31, 2017

Place your order now on the similar assignment and get fast, cheap and best quality work written by our expert level writers.

What our customers say
_____

error: Content is protected !!