Complete the following exercise. Fill in the Excel spreadsheet provided via the link below to provide your answers to parts a, b, and c. Then paste the Excel data into a Word document on which you
can also write the answer to part d.
Label each exercise or problem clearly. Use APA formatting and citation if needed.
Uzi Company received a charter granting the right to issue 200,000 shares of $1.00 par value common stock and 10,000 shares of 8% cumulative and nonparticipating, $50.00 par value preferred stock that is callable at $80.00 per share. Selected transactions are presented below.
20X1
Feb. 22 Mar
Dec. 20X2 Jan.
Dec. 31 20X3 Jan.
Required:
Prepare general journal entries to record the selected transactions.
Prepare a stockholders’ equity section as of the close of business on December 31, 20X2.
Determine the book value per preferred share and per common stock as of December 31, 20X2.
Provide a rationale between 200 and 300 words in length for buying or not buying this stock based on the financial information presented.
