Journalize the declaration of stock dividend for Corporation L on December 10, 2017 at par value $10 and market price $15.

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Answer 1

Question

Chapter 11, Problem 16E

(a)

To determine

Journalize the declaration of stock dividend for Corporation L on December 10, 2017 at par value $10 and market price $15.

(b)

To determine

Journalize the declaration of stock dividend for Corporation L on December 10, 2017 at par value $5 and market price $8.

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Provide correct answer general Accounting question

Accounting Cycle Review 15 a-e Carla Vista Corporation's trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below. Debit Credit Cash Accounts Receivable Inventory $27,400 59,000 22,600 Land 62,900 Buildings 96,900 Equipment 42,000 Allowance for Doubtful Accounts $430 Accumulated Depreciation-Buildings 30,500 Accumulated Depreciation-Equipment 15,000 Accounts Payable 19,300 Interest Payable -0- Dividends Payable Unearned Rent Revenue -0- 8,800 Bonds Payable (10%) 54,000 Common Stock ($10 par) 34,000 Paid-in Capital in Excess of Par-Common Stock 6,800 Preferred Stock ($20 par) -0- Paid-in Capital in Excess of Par-Preferred -0- Stock Retained Earnings 72,970 Treasury Stock -0- Cash Dividends Sales Revenue Rent Revenue Bad Debt Expense Interest Expense Cost of Goods Sold Depreciation Expense Other Operating Expenses Salaries and Wages Expense -0- 576,000 -0- -0- -0- 404,000 -0- 39,900 63,100 Total Unrecorded…

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Answer 2

Question

Chapter 11, Problem 16E

(a)

To determine

Journalize the declaration of stock dividend for Corporation L on December 10, 2017 at par value $10 and market price $15.

(b)

To determine

Journalize the declaration of stock dividend for Corporation L on December 10, 2017 at par value $5 and market price $8.

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Answer 3

Question

Chapter 11, Problem 16E

(a)

To determine

Journalize the declaration of stock dividend for Corporation L on December 10, 2017 at par value $10 and market price $15.

(b)

To determine

Journalize the declaration of stock dividend for Corporation L on December 10, 2017 at par value $5 and market price $8.

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Answer 4

Question

Chapter 11, Problem 16E

(a)

To determine

Journalize the declaration of stock dividend for Corporation L on December 10, 2017 at par value $10 and market price $15.

(b)

To determine

Journalize the declaration of stock dividend for Corporation L on December 10, 2017 at par value $5 and market price $8.

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Answer 5

Chapter 11, Problem 16E

(a)

To determine

Journalize the declaration of stock dividend for Corporation L on December 10, 2017 at par value $10 and market price $15.

(b)

To determine

Journalize the declaration of stock dividend for Corporation L on December 10, 2017 at par value $5 and market price $8.

Answer 6

Chapter 11, Problem 16E

(a)

To determine

Journalize the declaration of stock dividend for Corporation L on December 10, 2017 at par value $10 and market price $15.

Answer 7

Chapter 11, Problem 16E

(a)

To determine

Journalize the declaration of stock dividend for Corporation L on December 10, 2017 at par value $10 and market price $15.

Answer 8

(b)

To determine

Journalize the declaration of stock dividend for Corporation L on December 10, 2017 at par value $5 and market price $8.

Answer 9

(b)

To determine

Journalize the declaration of stock dividend for Corporation L on December 10, 2017 at par value $5 and market price $8.

Answer 10

Expert Solution & Answer

Answer 11

Expert Solution & Answer

Answer 12

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Answer 13

Ch. 11 - Prob. 1Q Ch. 11 - Prob. 2Q Ch. 11 - Prob. 3Q Ch. 11 - Prob. 4Q Ch. 11 - Prob. 5Q Ch. 11 - Prob. 6Q Ch. 11 - Prob. 7Q Ch. 11 - Prob. 8Q Ch. 11 - Prob. 9Q Ch. 11 - Prob. 10Q

Journalize the declaration of stock dividend for Corporation L on December 10, 2017 at par value $10 and market price $15.

Journalize the declaration of stock dividend for Corporation L on December 10, 2017 at par value $10 and market price $15.

Journalize the declaration of stock dividend for Corporation L on December 10, 2017 at par value $5 and market price $8.

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Chapter 11 Solutions