Accounting Help

  The following data were taken from the balance sheet accounts of Masefield Corporation on December 31, 2013.
Current assets Debt investments Common stock (par value $10) Paid-in capital in excess of par Retained earnings
$540,000 624,000 500,000 150,000 840,000
Prepare the required journal entries for the following unrelated items.
(a) A 5% stock dividend is declared and distributed at a time when the market price per share is $39.
(b) The par value of the common stock is reduced to $2 with a 5-for-1 stock split. (c) A dividend is declared January 5, 2014, and paid January 25, 2014, in bonds held as an investment.
The bonds have a book value of $100,000 and a fair value of $135,000

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Accounting Help

  The following data were taken from the balance sheet accounts of Masefield Corporation on December 31, 2013.
Current assets Debt investments Common stock (par value $10) Paid-in capital in excess of par Retained earnings
$540,000 624,000 500,000 150,000 840,000
Prepare the required journal entries for the following unrelated items.
(a) A 5% stock dividend is declared and distributed at a time when the market price per share is $39.
(b) The par value of the common stock is reduced to $2 with a 5-for-1 stock split. (c) A dividend is declared January 5, 2014, and paid January 25, 2014, in bonds held as an investment.
The bonds have a book value of $100,000 and a fair value of $135,000

Just in case you need an assignment done, hire us. Using our writing services will make your life easier because we deliver exceptional results. Use us to get an A!

We are the Best!

course-preview

275 words per page

You essay will be 275 words per page. Tell your writer how many words you need, or the pages.


12 pt Times New Roman

Unless otherwise stated, we use 12pt Arial/Times New Roman as the font for your paper.


Double line spacing

Your essay will have double spaced text. View our sample essays.


Any citation style

APA, MLA, Chicago/Turabian, Harvard, our writers are experts at formatting.


We Accept

Secure Payment
Image 3