Question

The company could issue 300,000 additional shares of $1 par value common stock for $7.50 per share The company will begin paying a dividend to ALL the common shareholders of $0.20 per share and this will continue into the future.

I need help with Journal Entries for this, a partial balance sheet, and the below ratios.

Current Ratio Current Assets Current Liabilities Debt to Asset Ratio Total Debt Total Assets Return on Equity Net Income Total Equity Return on Assets Net Income Total Assets

Info provided:

		FigMint  Consulting and Sales Inc
		Post Closing Trial Balance
		December 31, 2022
Cash		$                  198,600
Accounts Receivable		75,580
Allowance for Uncollectible Accounts			$                      4,690
Supplies		56,500
Inventory		58,596
Prepaid Insurance		57,890
Land		260,526
Building		698,950
Accumulated Depr – Building			19,356
Office Equipment		356,500
Accumulated Depr – Office Equip			45,600
Computer Equipment		658,950
Accumulated Depr - Computer Equip			32,560
Accounts Payable			56,560
Utilities Payable			16,850
Wages Payable			89,850
Short Term Note Payable			485,965
Long term Note Payable			387,590
Mortgage Payable			305,984
Common Stock  ($1 par, 1,000,000,			400,000
shares authorized, 400,000 issued
and outstanding)
Retained Earnings			577,087
		$               2,422,092	$              2,422,092

Answer 1