8-17 On January 29, Quality Marble Inc.

| June 4, 2016

Question
8-17 On January 29, Quality Marble Inc., a marble contractor, issued for cash 75,000 shares of $10 par common stock at $23, and on May 31, it issued for cash 100,000 shares of $4 par preferred stock at $6.

8-22 The dates of importance in connection with a cash dividend declared and paid of $55,350 on a corporation’s common stock are February 6, March 9, and April 8. Illustrate the effects on the accounts and financial statements for each date.
Copy of U10Template.xlsx

Exercise 8-17
a.
Statement of
Cash Flows

Assets =

Balance Sheet
Liabilities +

Stockholders Equity

Statement of
Cash Flows

Assets =

Balance Sheet
Liabilities +

Stockholders Equity

b. Show your work.

Income Statement

Income Statement

Exercise 8-22

February 6
Statement of
Cash Flows

Balance Sheet
Assets =

Liabilities +

Stockholders Equity

Income Statement

Statement of
Cash Flows

Balance Sheet
Assets =

Liabilities +

Stockholders Equity

March 9

April 8
Income Statement

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