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Accounting Help! PLease!!!! best answer gets 10 points!?
1. On January 1, 2010, Grant Corporation issued $4,000,000, 10-year, 8% bonds at 102. Interest is payable semiannually on January 1 and July 1. The journal entry to record this transaction on January 1, 2010 is....
2. The following data is available for BOX Corporation at December 31, 2010:
Common stock, par $10 (authorized 15,000 shares} $100,000
Treasury Stock (at cost $15 per share) $ 600
Based on the data, how many shares of common stock have been issued?
3. West, Inc. has a net income of $500,000 for 2010, and there are 200,000 weighted-average shares of common stock outstanding. Dividends declared and paid during the year amounted to $80,000 on the preferred stock and $120,000 on the common stock. The earnings per share for 2010 is....
best answer gets 10 points!
2 Answers
- Don GLv 71 decade agoFavorite Answer
1 - DR Cash 4,080,000 CR Bonds Payable 4,000,000 CR Bond Premium 80,000
2 - Issued 10,000 shs. Outstanding 9,960
3 - Net Income less Prfd Dividends = 420,000 / 200,000 = 2.10 EPS. The fact that 120,000 was paid in Common dividends is irrelevant.
- Anonymous5 years ago
A) 35 considering the fact that one hundred% is all or a entire B)zero.35 C)80x9=720 so like one million/nine of 720 is eighty D)70x8=560 so approximately zero.12 of 560 is 70 E)840 and the whole quantity of eighth graders is one million,050 F)50 s x forty =2000 so 200cmx40= 8000 Good good fortune!!!
