1. Good Grub Food Truck, Inc. has decided to expand and add two new food trucks to their fleet. They have decided to sell stocks and bonds to fund their expansion. Journal the following transactions associated
with stocks and bonds for Good Grub Food Truck, Inc.
a. Start Microsoft Excel, and open the BUS114_03_05.xlsx file from C:ACTT2 Data Unit_03.
b. Click the File tab, and click Save As. Save the file to C:ACTT2\Student Unit_03.
c. On the Journal spreadsheet tab, journalize the following transactions:
i.
February 1. Received cash for 1,000 shares of $100.00 par value preferred stock.
Receipt No. 17.
ii. March 6. Received cash for 200 shares of $100.00 par value preferred stock at
$120.00 per share. Receipt No. 20.
April 8. Received cash for 1,000 shares of $12.00 stated value common stock.
Receipt No. 22.
iv. April 24. Paid cash for 500 shares of $10.00 stated value common stock at $12.00
per share. $6,000.00. Check No. 502.
May 25. Received cash for 200 shares of treasury stock at $15.00 per share.
Treasury stock was bought previously at $12.00 per share. Receipt No. 26.
vi. Jun 1. Received cash for 300 bonds, with a 5-year, 10%, $1,200.00 par value bond
issue. Receipt No. 29.
July 1. Paid cash to bond trustee for annual interest on bond issue. Check No. 432.
July 1. Paid cash to bond trustee for annual deposit to bond sinking fund. Check No.
456.
July 1. Paid cash to bond trustee for annual deposit to bond sinking fund and
recorded interest earned on bond sinking fund, $5,000.00. Check No. 567.
I
d. Save and close the spreadsheet.
e. Submit your file to your instructor for grading.
V.
Vii.
viii.
ix.
No