Assignment: Corporations: Stock Values, Dividends, Treasury Stocks, & Retained E

Assignment:
Corporations: Stock Values, Dividends, Treasury Stocks, & Retained Earnings PowerPoint
Create a 4-6 minute video of the PowerPoint that you create explaining the process of journalizing the problems in this module and the additional required summary. Review the rubric criteria for this assignment.
Upload your video to YouTube. Paste the link on a Word document and submit to the dropbox. Be sure to include a cover page.
Use Learning Materials and the Additional Resources of this module to assist you with the assignment. In a PowerPoint, complete the following activities.
Pat Carroll at Carroll’s Accounting Service has hired a new accounting intern. The new intern has been assigned four projects to complete. Please complete these projects.
Project 1: Determine the book value per share for preferred and common given the following:
Redemption Value – Preferred $400,000
Dividend in Arrears – Preferred $20,000
Total Stockholders’ Equity $900,000
12,000 shares Preferred Stock issued and outstanding
24,000 shares Common Stock issued and outstanding
Project 2: Use the table below to journalize the appropriate entries given the following:
Common stock $15 par 5,000 shares issued and outstanding.
On July 7th, 2021, the board of directors declared a 10% stock dividend to be issued on Aug. 31, 2021, to stockholders of record on Aug. 15, 2021. The market price of the stock was $30 per share.
Date
Account
Dr.
Cr.
2021
July
7
Aug.
31
Project 3: Use the table below to journalize the appropriate entries given the following:
Common Stock has an $8 par value with 70,000 shares authorized and 45,000 shares issued.
2021
June
5
Issued 5,000 shares at $12.
9
Reacquired 300 shares at $6.
12
Reissued 150 shares of Treasury Stock at $10.
14
Reissued 75 shares of Treasury Stock at $4.
Date
Account
Dr.
Cr.
2021
June
5
Cash
Common Stock
Paid-In Capital in Excess of Par Value–Common
9
Treasury Stock-Common
Cash
12
Cash
Treasury Stock-Common
Paid-In Capital from Treasury Stock
14
Cash
Paid-In Capital from Treasury Stock
Treasury Stock-Common
Project 4: Prepare a statement of Retained Earnings for Smith Co. for the year ended December 31, 2021, from the following:
Begin Retained Earnings, January 2021, $75,000
Net Income, 2021 $100,000
Prior period adjustment, overstated expense, $8,000 for property in 2020 (disregard taxes)
Dividend declared in 2021, $15,000
Summary
Add a summary slide to the existing PowerPoint you have been working on describing
Read Chapter 19 and write a summary describing two main topics in the chapter.
You will record a 4-6 minute video of your PowerPoint as you explain the process of the journalizing that you did and explain highlights of the summary that you wrote.
Assignment Expectations
Length: 4-6 minute video, 5-7 slides; answers must thoroughly address the questions in a clear, concise manner
Structure:
Title slide and reference slides in APA style. (at least 2 slides)
Journalizing: at least 3 slides
Summary: at least 2 slides
Additionally, because a good presentation has few words on the slides include a script with the verbiage you would say when presenting; script should be a minimum of 50 words per slide.
References: Use the appropriate APA style in-text citations and references for all resources utilized to answer the questions. Include at least three (3) scholarly sources to support your claims.