Excel Applications for Accounting Principles
4th Edition
ISBN: 9781111581565
Author: Gaylord N. Smith
Publisher: Cengage Learning
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Chapter 12, Problem 4R
The following selected transactions and events occurred during 2013:
- a. Issued 200 shares of
preferred stock for $20,000. - b. Sold 800 shares of
treasury stock for $2,800. - c. Declared and issued a 4% common stock dividend. The market value on the date of declaration was $5 per share.
- d. Generated a net loss for the year of $16,000.
- e. Declared and paid the full year’s dividend on all the preferred stock and a dividend of $15 per share on common stock outstanding at the end of the year.
Enter beginning balances for 2013 on STOCKEQ2. Then erase all 2012 entries and enter the transactions for 2013. Save the results as STOCKEQ4. Print the results.
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