C. Issuedshares of preferred stock at par value. (Please refer to table below and use only the info in linewith your first name initial in the blank/underlined space).firstname Initial # of shares issuedA, P, I, E, VC, O, R, YK, Q, M, FS, W, G, ZD, T, L, UN, B, J, X, HPar Value50% of authorised shares $100.0040% of authorised shares$110.0030% of authorised shares$125.0025% of authorised shares$145.0020% of authorised shares$168.0010% of authorised shares $192.00D. Exchangedshares of class A common stock for Office Furniture and Equipment with an appraised value ofand Motor Truck with an appraised value of $(Please refer to table below and use only the info in linewith your first name initial in the blank/underlined space).firstname Initial # of shares issuedA, P, I, E, VC, O, R, YK, Q, M, FS, W, G, ZD, T, L, UN, B, J, X, HOffice Furniture Motor truck$ 4,000,000.00 $ 10,000,000.00$ 4,000,000.00 $ 10,000,000.0040% of authorised shares50% of authorised shares|40% of authorised shares $ 4,000,000.00 $ 10,000,000.0040% of authorised shares|40% of authorised shares20% of authorised shares$ 4,000,000.00 $ 10,000,000.00$ 4,000,000.00 $ 10,000,000.00$ 4,000,000.00 | $ 10,000,000.00 E. Earned Net income S(Please refer to table below and use only the info in line with your first name initialin the blank/underlined space)firstname Initial Net IncomeAP.LE, VC,O,R, YK.Q. M,FS, W, G, ZD, T, L,UN, B, J, X, H1,500,000.001,800,000.002,000,000.001,400,000.001,450,000.001,500,000.00F. Declared interim dividends for preferred shareholders as well as $.80 per share to common stockholders.Using the info above and as a guide:A Prepare the journal entries with narrations to record the following:• The issuances of stock.• Close out net income to retained earnings.Dividend declared.• Close out dividend to retained earnings.B. Prepare the company's Stockholders equity section of the balance sheet at December 31, 2020. (Hint!!) Thefollowing information must be clearly stated/shown:information on par or par values for all classes of shares which must be shown separately.ACCT1002 Introduction to Financial Accountingthe number of shares authorized and issued where necessary.the sub total for the total paid in capital.Retained earnings.• total stockholders' equity.

Here student asked for multi sub part question we will answer for first three sub part question for…

C. Issued shares of preferred stock at par value. (Please refer to table below and use only the info in line with your first name initial in the blank/underlined space). firstname Initial # of shares issued A, P, I, E, V C, O, R, Y К, а, М, F S, W, G, Z D, T, L, U N, B, J, X, H Par Value 50% of authorised shares $ 40% of authorised shares $ |30% of authorised shares $ |25% of authorised shares $ 20% of authorised shares $ |10% of authorised shares $ 100.00 110.00 125.00 145.00 168.00 192.00 D. Exchanged shares of class A common stock for Office Furniture and Equipment with an appraised value of

C. Issued shares of preferred stock at par value. (Please refer to table below and use only the info in line with your first name initial in the blank/underlined space). firstname Initial # of shares issued A, P, I, E, V C, O, R, Y К, а, М, F S, W, G, Z D, T, L, U N, B, J, X, H Par Value 50% of authorised shares $ 40% of authorised shares $ |30% of authorised shares $ |25% of authorised shares $ 20% of authorised shares $ |10% of authorised shares $ 100.00 110.00 125.00 145.00 168.00 192.00 D. Exchanged shares of class A common stock for Office Furniture and Equipment with an appraised value of

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Journal entry worksheet