Chapter 12

Acquiring Additional Capital for a Corporation

ESSENTIAL QUESTIONS

How are journal entries recorded for transactions related to issuing additional capital stock? How are journal entries recorded for transactions related to buying and selling treasury stock? How are journal entries recorded for transactions related to bonds payable?

TERMS FOR CHAPTER 12

-discount on capital stock -treasury stock -bond -bond issue -trustee

-bond sinking fund -retiring a bond issue -term bonds -serial bonds

ASSIGNMENTS

Define Terms for the Chapter Capital Stock Transactions Read pp. 322-328 How are journal entries recorded for transactions related to issuing additional capital stock? 1) View PowerPoint presentation intro and 12-1 2) Complete Application Problem 12-1 p. 342 3) Work on Study Guide 12 September 22-24 Treasury Stock Transactions Read pp. 329-333 How are journal entries recorded for transactions related to buying and selling treasury stock? 1) View PowerPoint presentation 12-2 2) Complete Application Problem 12-2 p. 342 3) Continue to Work on Study Guide 12 September 25-29 Bonds Payable Transactions Read pp. 334-341 How are journal entries recorded for transactions related to bonds payable? 1) View PowerPoint presentation 12-3 2) Complete Application Problem 12-3 p. 343 3) Complete Study Guide 12 September 30-October1

Complete Mastery Problem 12-4 pp. 343-344 October 2-7 Additional Chapter exercises Chapter Twelve Internet Activity Accounting in Your Career p. 321 Cases for Critical Thinking p. 345 October 8-10 Tentative Test Date for Chapter 12 is Monday, October 13 Challenge Problem 12-5 p. 344 may be completed for extra credit