(solution) Please answer these two Accounting II questions for me

(solution) Please answer these two Accounting II questions for me

Please answer these two Accounting II questions for me

AC 330 INTERMEDIATE ACCOUNTING
WEEK 6 INDIVIDUAL ASSIGNMENTS Chapter 16 Problems:
SEE EACH TAB AT THE BOTTOM OF THE PAGE FROM LEFT TO RIGHT
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Complete all yellow boxes for assignments.
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If you do not save this file before beginning work,
you will lose any work not saved. Q16-5
What is the meaning of the following terms:
Yellow boxes indicate work due this week.
(a) authorized capital stock
(b) issued capital stock
(c) outstanding capital stock
(d) treasury stock? What is the difference between the umber of issued and outstanding capital shares? (a)
(b)
(c)
(d) E16-3
Sale of stock with bonds.
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Kelly Company issues 12% bonds with a face value of $10,000 and 600 shares of $10 par common stock in a combined sale, receiving total proceeds of $23,000. Required: Record the transaction for each independent assumption shown:
1. The common stock has a current market value of $21 per share; the market value of the bonds is not known.
2. The common stock has a current market value of $24.50 per share; the bonds are selling at 98. 1 Cash
Premium on Bonds Payable
Bonds Payable
Common Stock, $10 par
Additional Paid-in Capital on Common Stock
Computations 2 Cash
Discount on Bonds Payable
Bonds Payable
Common Stock, $10 par
Additional Paid-in Capital on Common Stock
Aggregate fair value
Common stock: Bonds payable: Week 6 Grading Rubric
Q16-5 Total Point Available
5 points E16-3 Total
*requirement 1
*requirement 2 20 points
10 points
10 points Total Score Points Earned