Maurice Tutor

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Teaching Since: May 2017
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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 08 Oct 2017 My Price 7.00

Blake Corporation

5 Blake Corporation          
  The following account balances were selected from the records of Blake Corporation
  as of December 31, 2004 after all adjusting entries were completed:  
                 
    Common Stock ( par value $15; authorized 100,000 shares,  
    issued 35,000 shares of which 1,000 shares are held as  
    treasury stock         $525,000
    Paid in Capital in excess of par     180,000
    Dividends declared in 2004     18,000
    Dividends declared in 2003 and paid in 2004   15,000
    Retained Earnings, January 1, 2004     76,000
    Correction of a prior period accounting error (debit net of  
    taxes)           8,000
    Treasury Stock         20,000
    Net income for 2004       28,000
                 
  The president of Blake Corporation accountant has quit and Peoples Consulting Firm
  has been asked to prepare the statement of retained earnings and the stockholders'
  equity section of the balance sheet for the year ended December 31, 2004.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Oct 2017 08:10 PM My Price 7.00

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