Problem 13-4a | Business & Finance homework help

Problem 13-4A Bitmap             Name:                    Section:                                        Score:    38%                                         Key Code:     [Key code here]                     Instructions                                                                                                                                                                                                                                     Answers are entered in the cells with gray backgrounds.           Cells with non-gray backgrounds are protected and cannot be edited.           An asterisk (*) will appear to the right of an incorrect entry. In T accounts, only final balances will be graded.                         Enter a zero for the final balance if appropriate.                                                   1., 2.                             Common Stock   Treasury Stock           Jan.   1 Bal.     Jan.   1 Bal.     June 06 0           Apr. 10     Nov 23                   Aug 15     Dec. 31 Bal.                    Dec. 31 Bal.                                                          Paid-In Capital from Sale of Treasury Stock     Paid-In Capital in Excess of Stated Value         June 06             Jan.   1 Bal.           Dec. 31 Bal.             Apr. 10                         July 05     Stock Dividends Distributable           Dec. 31 Bal.      Aug 15     July 05                         Dec. 31 Bal. 0                               Retained Earnings   Stock Dividends     Dec 31 493.800   Jan.   1 Bal.     July 05     Dec 31             Dec 31     Dec. 31 Bal. 0                 Dec. 31 Bal.                                Cash Dividends                 Dec 28     Dec 31 0                 Dec. 31 Bal. 0                                                           2.                             Jan. 22 Cash Dividends Payable                  Cash       0 *                               Apr. 10 Cash                  Common Stock                  Paid-In Capital in Excess of Stated Value                                          June  6 Cash                  Treasury Stock                  Paid-In Capital from Sale of Treasury Stock                                          July   5 Stock Dividends                  Stock Dividends Distributable                  Paid-In Capital in Excess of Stated Value       0 *                               Aug. 15 Stock Dividends Distributable                  Common Stock                                          Nov.  23 Treasury Stock                  Cash                                          Dec. 28 Cash Dividends                  Cash Dividends Payable       0 *                                       31 Income Summary                  Retained Earnings       0 *                                       31 Retained Earnings   0 *           Stock Dividends       0 *       Cash Dividends       0 *                                                     3. MORROW ENTERPRISES INC.       Retained Earnings Statement       For the Period Ended December 31, 2014                                   Retained earnings (January 1, 2014)                    Net income                          Less: Cash dividends                                 Stock dividends                        Increase in retained earnings                           – *         Retained earnings (December 31, 2014)        $               – *                                                         4. MORROW ENTERPRISES INC.       Balance Sheet       December 31, 2014                                                           Stockholders’ Equity         Paid-in capital:                       Common stock, $20 stated value                      (500,000 shares authorized, 468,000 shares issued)                  Excess of issue price over stated value                       – *           From sale of treasury stock                         – *                Total paid-in capital            $               – *         Retained earnings                             – *              Total               $               – *         Deduct treasury stock (30,000 shares at cost)                  Total stockholders’ equity