Selected Data from the Comparative Balance Sheets of Mock Company

question 86

Essay

Selected data from the comparative balance sheets of Mock Company as of December 31, Year 1, and Year 2 appear below:
The following transactions occurred during Year 2:
a. March 1, Year 2: The company resold the Treasury shares on the market for $57 per share.
b. June 30, Year 2: The company declared and issued a 10-percent stock dividend at a time when the market price was $63 per share.
c. September 15, Year 2: The company issued additional shares of common stock on the open market for cash.
d. November 16, Year 2: The company issued new preferred shares on the open market for cash.
e. December 31, Year 2: Net income for Year 2 was $195,000. The company declared and paid cash dividends of $72,000 on the last day of the year.

Required:
Prepare journal entries for each of the transactions and events affecting these shareholders' equity accounts during Year 2.

Comprehend the nature, components, and impact of emotions on behavior.

Identify the role of cognitive dissonance in behavior change.

Understand the concepts of emotional intelligence and how it influences personal and professional life.

Appreciate the significance of emotional labor and how it affects employees.

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Definitions:

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Voice over Internet Protocol, a technology that allows voice calls to be made using a broadband Internet connection instead of a regular phone line.

World Wide Web

An information system where documents and other web resources are identified by Uniform Resource Locators (URLs), interconnected by hyperlinks, and accessed via the Internet.

Input Device

Hardware used to enter data or commands into a computer system, such as a keyboard, mouse, or scanner.

Touch Pad

A pointing device featuring a tactile surface that detects the movement and pressure of the user’s fingers.