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Week Four Assignment Thomas Rokos ACC206: Principles of Accounting II teacher LeKeitha Givens 05.14.2012 Week One Assignment P12-30A (15-20 min)|  |  |  |  |  |  |  |  | Req. 1|  |  |  |  |  |  |  |  |  |  | journal Entry|  | | ACCOUNTS AND EXPLANATIONS| debit| CREDIT|  | a.| Cash| $52,000 |  |  |  | familiar fool away|  | 52,000|  |  |  |  |  |  | b.| Cash | 12,000|  |  |  | Common stock|  | 2,400|  |  | Paid in not bad(p) in inordinateness of par-common|  | 9,600|  |  |  |  |  |  | c.| Income summary| 74,000|  |  |  | Retained earnings |  | 74,000|  |  |  |  |  | Req. 2|  |  |  |  |  | |  |  |  |  |  | Lincoln-Priest, Inc.

|  |  |  | Stockholders Equity|  |  |  | 31-Dec-12|  |  |  | Paid-in capital:|  |  |  |  | like stock, 7%, $40 par, 110,000 shares authorized,| $52,000 |  |  |  | important and issued 1,300|  |  |  |  | Common stock $1 par, 520,000 shares authorized, 61,000 |  |  |  |  | Shares issued and outstanding| 61,000|  |  |  | Paid-in capital in excess of par-common| 9,400|  |  |  | intact paid-in capital | 122,400|  |  |  |  |  |  |  |  | Retained earnings| 29,000|  |  |  | derive stockholders equity| $151,400 |  | P12-32A (15-20 min)|  | | | | | | | | | | Req. 1| | | | | | | | | | | | | | a.| Noncumulative:| | | | | | | | | | | | 2010 dividend of $3,000:| | | | | Preferred dividend | $3,000 | | | | | Common dividend| 0| | | | | sum up dividend| $3,000 | | | | | | 10,000| | | | | *| $2 0 | | | | | | -194,000| | | | | | $6,000! | | | | | | | | | | | 2011 dividend of $13,000:| | | | | Preferred dividend| $6,000 | | | | | Common dividend| 7,000| | | | | Total dividend| $13,000 | | | | | |...If you want to cast a broad(a) essay, order it on our website: BestEssayCheap.com

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