Soal-soal Corporations: Organization and Capital Stock Transactions

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1 Soal-soal Corporations: Organization and Capital Stock Transactions
Soal TM 2 Pertemuan 12 Soal-soal Corporations: Organization and Capital Stock Transactions

2 Petunjuk Pengerjaan Tugas Mandiri
Soal Tugas Mandiri (TM) dikerjakan secara berkelompok, di tulis tangan pada kertas double folio dengan rapi.Kelompok terdiri atas maksimal 3 orang anggota. Dikumpulkan pada awal kuliah minggu/pertemuan berikutnya. Jawaban Soal TM yang sama, oleh mahasiswa secara perorangan (individual) harus di “up load” pada forum diskusi di binusmaya (LMS), pada kolom tugas. Up load haryus sudah dilakukan paling lambat 7 hari setelah pertemuan yang dimaksudkan. Bila anda mengerjakan salah satunya saja atau tidak keduanya maka anda dianggap tidak mengumpulkan TM pada pertemuan yang dimaksudkan.

3 SOAL TUGAS MANDIRI 12 P14-6A Arnold Corporation has been authorized to issue 40,000 shares of $100 par value, 8% noncumulative preferred stock and 2,000,000 shares of no-par common stock. The corporation assigned a $5 stated value to the common stock. At December 31, 2005, the ledger contained the following balances pertaining to stockholders’ equity. Preferred Stock $ 240,000 Paid-in Capital in Excess of Par Value-Preferred ,000 Common Stock ,000,000 Paid-in Capital in Excess of Stated Value-Common ,700,000 Treasury Stock – Common (1,000 shares) ,000 Paid-in Capital from Treasury Stock ,000 Retained Earnings ,000 The preferred stock was issued for land having a fair market value of $296,000. All common stock issued was for cash. In November, 1,500 shares of common stock were purchased for the treasury at a per share cost of $22. In December, 500 shares of treasury stock were sold for $28 per share. No dividend were declared in 2005

4 Instructions Prepare the journal entries for the: (1) Issuance of preferred stock for land. Issuance of common stock for cash. Purchase of common treasury stock for cash. Sale of treasury stock for cash. Prepare the stockholders’ equity section at December 31, 2005.

5 SOAL TUGAS MANDIRI 12

6 SOAL TUGAS MANDIRI 12