Complete the following exercise. Fill in the Excel spreadsheet provided via the link below to provide your answers to parts a, b, and c. Then paste the Excel data into a Word document on which you can also write the answer to part d.;general_journal.xlsx;Label each exercise or problem clearly. Use APA formatting and citation if needed.;Uzi Company received a charter granting the right to issue 200,000 shares of $1 par value common stock and 10,000 shares of 8% cumulative and nonparticipating, $50 par value preferred stock that is callable at $80 per share. Selected transactions are presented below.;2011;Feb. 19 Issued 45,000 shares of common stock at par for cash.;22 Gave the corporation?s promoters 30,000 shares of common stock for their services in getting the corporation organized. The directors valued the services at $50,000.;Mar 30 Exchanged 100,000 shares of common stock for the following assets at fair market values: land, $25,000, building, $100,000, and machinery, $125,000.;Dec. 31 Closed the Income Summary account. A $25,000 loss was incurred.;2012;Jan. 12 Issued 1,000 shares of preferred stock at $75 per share.;Dec. 15 The board of directors declared an 8% dividend on preferred shares and $0.10 per share on outstanding common shares, payable on January 31 to the January 17 stockholders of record.;31 Closed the Income Summary account. A $69,000 net income was earned.;2013;Jan. 31 Paid the previously declared dividends.;Required;Prepare general journal entries to record the selected transactions.;Prepare a stockholders? equity section as of the close of business on December 31, 2012.;Determine the book value per preferred share and per common stock as of December 31, 2012.;Provide a rationale between 200 and 300 words in length for buying or not buying this stock based on the financial information presented.
Paper#78797 | Written in 18-Jul-2015Price : $22