Please complete the following problems using Excel or Word. 7 question in total.

Please complete the following problems using Excel or Word. 7 question in total.26. Going Corporation has issued 100,000 shares of $5 par value common stock of which 500,000 shares were authorized. The additional paid-in capital in excess of par value on the common stock was $120,000. The corporation has reacquired 7,000 shares at a cost of $46,000 and is currently holding those shares. Treasury stock was reissued in prior years for $47,000 more than its cost. The corporation also has 2,000 shares issued and outstanding of 7% $100 par-value preferred stock. It authorized 5,000 shares. The paid-in capital in excess of par value on the preferred stock was $12,000. Retained earnings at December 31, 2010 was $172,000. Prepare the stockholder’s equity section of the balance sheet, as of December 31, 2010. If need be, prepare in an Excel sheet.27)Beta Corporation had retained earnings of $253,000 on January 1, 2010. The company has a net loss of $43,500 during 2010. It declared and paid a dividend of $21,000 as a cash dividend. In 2010, the company recorded and adjustment of $10,000 due to the understatement (from a math error) of 2009 depreciation. Prepare a retained earnings statement for the year ending December 31, 2010.28) Soap Corporation issued a $350,000, 6% 15-year mortgage note to obtain needed financing for new office. The terms of the note call for semiannual payments of $17,857 each. Prepare the entries to record the mortgage laon and the first installment.29. The Biltmore Company leased new equipment on December 31, 2010. The lease agreement transfers the ownership of the equipment to the Biltmore Company at the end of the lease. The present value of the lease payments are $192,000. After recording the lease, the Company has assets of $1,800,000, liabilities of $1,100,000 and stockholder’s equity of $700,000. (a) prepare the journal entry to record the lease, and (b) compute the and comment on the debt to total assets ratio at the year-end.33. During 2010, Ace Company had sales of $376,000, operating expenses of $66,000, gross margin of 30%, cash dividends $30,000, other expenses/losses $15,000 and corporation income taxes of 30%. What was the income tax expense for 2010?34. Green Corporation had the following long-term investments as of December 31, 2010. (a) Common stock of E Company (10% ownership) held as available-for-sale securities, cost $120,000, fair value of $115,000 & (b) common stock of F Company (30% ownership) cost $215,000, equity of $250,000. Prepare the investments section of the balance sheet as of December 31, 2010.35. The comparative balance sheets for G Company for 2010 show these changes in non-cash current assets accounts: accounts receivables increase $82,000, prepaid expenses increased by $10,000, inventory increased by $14,000. Also, cash increased by $12,000 and there was a purchase of a BMW for $45,000. Compute the net cash provided by operating activities using the indirect method assuming that net income was $125,000 for the year.







Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10