احتاج شرح و حل المسائل التالية

[kyman]

Problem 1:

Al Hannan Ltd. Purchased assets from Faisal& co. for AED 350,000. A sum of AED. 75,000 were paid by the means of a bank draft and for the balance due by Al Hannan Ltd. Issued Equity shares 76 of AED10 each at a premium of 10% .Journalize the above transaction in the books of the company.

Problem 2:

50 shares of AED 10 each, issued at a premium of AED 5 per share, were forfeited by RedtagLtd. for the nonpayment of allotment money of AED9 per share (including premium). The first and final call on these shares at AED 3 per share was not made. Forfeited shares were re-issued @ Rs. 12 per share, fully paid up. Journalize

Problem 3:

Atlas Power Company has 100,000 shares outstanding and declares a 10% stock dividend. The company will issue 10,000 shares (100,000 shares x 10%) as a dividend to existing shareholders. Assume that the market value of the stock is $20 per share and that its par value is $5. Make the required journal entries

Problem 5:

Service Industries Ltd.

Statement of Income and Retained Earnings

For the year ended December 31, 2012

Sales revenue $200,000

Cost of goods sold 110,000

Gross profit 90,000

Operating expenses

Amortization expense 4,000

Office supplies 500

Salaries and benefits 40,000

Other expenses 2,200

46,700

Operating income 43,300

Other items

Interest expense 2,000

Loss on sale of equipment 4,500

Income before taxes 36,800

Income taxes 14,000

Net income 22,800

Retained earnings, beginning of year 20,500

43,300

Dividends declared 6,000

Retained earnings, end of year $ 37,300

Additional data about transactions included in the above financial statements:

1) Building renovations costing $10,000 were completed and paid for during the year.

2) Equipment that initially cost $12,000 and accumulated amortization of $3,200 was sold for cash proceeds of $4,300 in 2012.

3) A patent was purchased at the end of the year at a cost of $5,000 paid in cash.

4) Bonds payable with a face value of $10,000 were issued for cash during the year.

5) Dividends of $6,000 were declared during the year. Total dividends paid during the year amounted to $7,000.

6) Common shares were repurchased on the stock market for $17,000 cash, an amount equal to their book value.

Required:

Prepare the Statement of cash flows for the year 2012