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ACC 557 Week 7 Chapter 11 (E11-7, E11-13, E11-17, P11-3A)
E11-7: Fallow Co. had the following transactions during the
current period.
Journalize the transactions. ............
E11-13: On January 1, Chevon Corporation had 98,000 shares of
no-par common stock issued and outstanding. The stock has a
stated value of $4 per share. During the year, the following
occurred. ............
Prepare the entries, if any, on each of the three dividend dates
E11-17: On January 1, 2014, Richard Corporation had retained
earnings of $550,000. During the year, Richard had the following
transactions............
P11-3A: The stockholders’ equity accounts of Terrell Corporation
on January 1, 2014, were as follows. ............
During 2014, the corporation had the following transactions and
events pertaining to its stockholders’ equity. No dividends were
declared during the year. ............
a) Journalize the transactions and the closing entry for net
income. ............
b)
Enter the beginning balances in the accounts, and post the
journal entries to the stockholders’ equity accounts. (Use J5 for
the posting reference.) ............