Trang đã x (43) X Financial X Answered X My Quest X 8 Accountir X E11-11 Th X O The stock X i Chapter 1 × Nhà của t X Zalo Web X APO O Không bảo mật Ims.apd.edu.vn/pluginfile.php/28203/mod_resource/content/1/Financial%20Accounting%20Textbook%20PDF.pdf Ứng dụng Netflix u Online Courses - A... f Facebook YouTube O Instagram Gmail + Google Trang tính Google Trang trình... A Lớp học G một ngọn núi linh k... Cách để Viết email... >> Financial Accounting, 9th Edition 617 / 864 Exercises 587 Issued 20,000 shares for cash at $53 per share. Issued 12,000 shares for cash at $57 per share. Feb. 1 July 1 Instructions (a) Journalize the transactions. (b) Post to the stockholders' equity accounts. (c) Indicate the financial statement presentation of the related accounts. Answer questions about stockholders' equity section. E11-11 The stockholders' equity section of Haley Corporation at December 31 is as follows. HALEY CORPORATION (LO 2, 3, 4, 7) Balance Sheet (partial) Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding Common stock, no par, 750,000 shares authorized, 600,000 shares issued Total paid-in capital Retained earnings $ 300,000 1,200,000 1,500,000 1,858,000 Total paid-in capital and retained earnings Less: Treasury stock (10,000 common shares) Total stockholders' equity 3,358,000 64,000 $3,294,000 Instructions From a review of the stockholders' equity section, as chief accountant, write a memo to the president of the company answering the following questions. How many shares of common stock are outstanding? (b) Assuming there is a stated value, what is the stated value of the common stock? (c) What is the par value of the preferred stock? (d) If the annual dividend on preferred stock is $30,000, what is the dividend rate on pre- ferred stock? (e) If dividends of $60,000 were in arrears on preferred stock, what would be the balance in Retained Earnings? Prepare correct entries for capital stock transactions. E11-12 Gilliam Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review his textbooks on the topic of corporation accounting. During the first month, the accountant made the following entries for the corporation's capital stock. (LO 2, 3, 4) May 2 Cash 130,000 Capital Stock (Issued 10,000 shares of $10 par value common stock at $13 per share) 130,000 ...