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CASTING Canyon Canoe Company will be able to acquire cash as well as land adjacent to its current business location. Before the following transactions, the balance in Common Stock on January 1, 2027, was $136,000 and included $136,000 shares of common stock issued and outstanding. (There was no Paid-In Capital in Excess of Par-Common.) Canyon Canoe Company had the following transactions in 2017: Jan. 1 Issued 50,0000 shares of $1 par value common stock for a total of $200,000. 10 Issued 20,000 shares of 4%, $3 par value preferred stock in exchange for land with a market value of $70.000. Dec. 15 Declared total cash dividends of $15,000. 20 Declared an 8% common stock dividend when the market value of the stock was $4.50 per share. 31 Paid the cash dividends. 31 Distributed the stock dividend. Requirements: Focus 32 E SEP 24 180% 13 14 15 16 6 7 8 9 10 11 12 17 18 19 20 21 22 23 74 A3 2 3 4 5 File 2 ||| - Calculation Mode

CASTING Canyon Canoe Company will be able to acquire cash as well as land adjacent to its current business location. Before the following transactions, the balance in Common Stock on January 1, 2027, was $136,000 and included $136,000 shares of common stock issued and outstanding. (There was no Paid-In Capital in Excess of Par-Common.) Canyon Canoe Company had the following transactions in 2017: Jan. 1 Issued 50,0000 shares of $1 par value common stock for a total of $200,000. 10 Issued 20,000 shares of 4%, $3 par value preferred stock in exchange for land with a market value of $70.000. Dec. 15 Declared total cash dividends of $15,000. 20 Declared an 8% common stock dividend when the market value of the stock was $4.50 per share. 31 Paid the cash dividends. 31 Distributed the stock dividend. Requirements: Focus 32 E SEP 24 180% 13 14 15 16 6 7 8 9 10 11 12 17 18 19 20 21 22 23 74 A3 2 3 4 5 File 2 ||| - Calculation Mode

FINANCIAL ACCOUNTING
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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Please use excel (if you have) when answering this question, I do not know how to use excel and it would be nice to see it in an excel format. Thank you in advance for answering my question. 

E Canyon Canoe Company will be able to acquire cash as well as land adjacent to its current business location. Before the following transactions, the balance in Common Stock on January 1, 2027, was $136,000 and included $136,000 shares of common stock issued and outstanding. (There was no Paid-In Capital in Excess of Par-Common.) Canyon Canoe Company had the following transactions in 2017: W Jan. 1 Issued 50,0000 shares of $1 par value common stock for a total of $200,000. 10 Issued 20,000 shares of 4%, $3 par value preferred stock in exchange for land with a market value of $70.000. Dec. 15 Declared total cash dividends of $15,000. 20 Declared an 8% common stock dividend when the market value of the stock was $4.50 per share. 31 Paid the cash dividends. 31 Distributed the stock dividend. Requirements: □ Focus = - 20 SEP 24 180% 20 22 13 8 9 S5670 SENAN495998 1 2 3 4 10 File Dv III Calculation Mode:
Transcribed Image Text:E Canyon Canoe Company will be able to acquire cash as well as land adjacent to its current business location. Before the following transactions, the balance in Common Stock on January 1, 2027, was $136,000 and included $136,000 shares of common stock issued and outstanding. (There was no Paid-In Capital in Excess of Par-Common.) Canyon Canoe Company had the following transactions in 2017: W Jan. 1 Issued 50,0000 shares of $1 par value common stock for a total of $200,000. 10 Issued 20,000 shares of 4%, $3 par value preferred stock in exchange for land with a market value of $70.000. Dec. 15 Declared total cash dividends of $15,000. 20 Declared an 8% common stock dividend when the market value of the stock was $4.50 per share. 31 Paid the cash dividends. 31 Distributed the stock dividend. Requirements: □ Focus = - 20 SEP 24 180% 20 22 13 8 9 S5670 SENAN495998 1 2 3 4 10 File Dv III Calculation Mode:
E Canyon Canoe Company will be able to acquire cash as well as land adjacent to its current business location. Before the following transactions, the balance in Common Stock on January 1, 2027, was $136,000 and included $136,000 shares of common stock issued and outstanding. (There was no Paid-In Capital in Excess of Par-Common.) Canyon Canoe Company had the following transactions in 2017: W Jan. 1 Issued 50,0000 shares of $1 par value common stock for a total of $200,000. 10 Issued 20,000 shares of 4%, $3 par value preferred stock in exchange for land with a market value of $70.000. Dec. 15 Declared total cash dividends of $15,000. 20 Declared an 8% common stock dividend when the market value of the stock was $4.50 per share. 31 Paid the cash dividends. 31 Distributed the stock dividend. Requirements: □ Focus = - 20 SEP 24 180% 20 22 13 8 9 S5670 SENAN495998 1 2 3 4 10 File Dv III Calculation Mode:
Transcribed Image Text:E Canyon Canoe Company will be able to acquire cash as well as land adjacent to its current business location. Before the following transactions, the balance in Common Stock on January 1, 2027, was $136,000 and included $136,000 shares of common stock issued and outstanding. (There was no Paid-In Capital in Excess of Par-Common.) Canyon Canoe Company had the following transactions in 2017: W Jan. 1 Issued 50,0000 shares of $1 par value common stock for a total of $200,000. 10 Issued 20,000 shares of 4%, $3 par value preferred stock in exchange for land with a market value of $70.000. Dec. 15 Declared total cash dividends of $15,000. 20 Declared an 8% common stock dividend when the market value of the stock was $4.50 per share. 31 Paid the cash dividends. 31 Distributed the stock dividend. Requirements: □ Focus = - 20 SEP 24 180% 20 22 13 8 9 S5670 SENAN495998 1 2 3 4 10 File Dv III Calculation Mode:
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