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1)Yakahoma Corp has 80

Accounting

1)Yakahoma Corp has 80.000 common stocks. At the end of a profitable year it decides to pay $2 cash dividend and 5 percent stock dividend. Current stock price is $12. How much will retained earnings reduce after cash and stock dividends distributed? 

2)The unadjusted trial balance of Helena's Hire Cars is shown below (ignore GST). Helena's Hire Cars Trial Balance As at 30 June 2019 Credit Debit 18,140 21,340 640 3,880 93,600 Account Cash at bank Accounts receivable Office supplies Prepaid advertising Hire cars Accumulated Depreciation - hire cars Accounts payable Unearned hire fees Helena, Capital Helena, Drawings Hire fees revenue Wages expense Fuel and oil expense 39,400 10,800 2,260 68,340 20,600 98,700 50,620 10,680 219,500 219,500 Additional information a. b. C. d. e. Petrol purchased on credit for $680 and used during the last week in June has not been paid for or recorded. A physical count showed office supplies totalling $340 were still on hand at 30 June. Depreciation for 1 year on the hire cars is $12,400. Prepaid advertising has a balance of $600 at the end of the month. The balance in the Unearned Hire Fees account includes $1,800 received in May for hire services completed in June. Required: Prepare a 10-column worksheet for the year ended 30 June 2019.

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