[The following information applies to the questions displayed below]
Sun Corporation received...
[The following information applies to the questions displayed below]
Sun Corporation received a charter that authorized the issuance of 100,000 shares of $10 par common stock and 50,000 shares of $50 par, 5 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation:.
Year 1
Jan. 5 Sold 6,000 shares of the $10 par Wommon stock for $15 per share.
12 Sold 1,000 shares of the 5 percent preferred stock for $55 per share.
Apr. 5 Sold 30,000 shares of the $10 par common stock for $21 per share.
Dec. 31 During the year, earned $150,000 in cash revenue and paid $88,000 for cash operating expenses.
31 Declared the cash dividend on the outstanding shares of preferred stock for Year 1. The
dividend will be paid on February 15 to stockholders of record on January 10, Year 2.
Year 2
Feb. 15 Paid the cash dividend declared on December 31, Year 1.
Mar. 3 Sold 15,000 shares of the $50 par preferred stock for $53 per share.
May 5 Purchased 900 shares of the common stock as treasury stock at $24 per share.
Dec. 31 During the year, earned $210,000 in cash revenues and paid $98,000 for cash operating expenses.
31 Declared the annual dividend on the preferred stock and a $0.50 per share dividend on the common stock.
Prepare the balance sheets at December 31 Year 1 and Year 2. (Amounts to be deducted should be indicated with minus sian.
Answers: 1
Business, 22.06.2019 05:50, Haddixhouse8948
Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes
Answers: 2
Business, 22.06.2019 11:30, deedivinya
What would you do as ceo to support the goals of japan airlines during the challenging economics that airlines face?
Answers: 1
Business, 22.06.2019 18:10, salvadorperez26
Find the zeros of the polynomial 5 x square + 12 x + 7 by factorization method and verify the relation between zeros and coefficient of the polynomials
Answers: 1
History, 15.03.2022 14:10
Mathematics, 15.03.2022 14:10
English, 15.03.2022 14:10
Mathematics, 15.03.2022 14:10
History, 15.03.2022 14:10