2024 – Complete the following two exercises Submit journal entries as an Excel file and

Intel Inc. & Delta Inc. – 2024

Complete the following two exercises. Submit journal entries as an Excel file and written segments in an MS Word document. Label each exercise or problem clearly. For written answers, please make sure your responses are well-written, formatted per APA Style, and have proper citation(s), if needed.


Click here to download the Excel workbook containing the spreadsheets you will need for these exercises.


Exercise 1


Intel Inc. is the pioneer in the manufacture of microprocessor for computers. The company’s fiscal year runs from April 1 to March 31. On 4/1/2013, Intel Issued $5,000,000 of 11% Bonds due in 10 years. The interest is payable annually on April 1. The market rate of interest on that date for bonds of similar risk is 10%


Prepare the journal entry for the issuance of the bonds and on the first interest payment date.

Use the attached spreadsheet to prepare an amortization schedule for the bonds.

Exercise 2


Presented below is the stockholders equity section of Delta Inc.

All amounts are in million except for number of shares and par value


Stockholders’ Equity (Deficit)            Current

Year    Prior


Preferred stock-20,000,000 shares authorized; none issued   $ -0-     $ -0-

Common stock-$1 par value; 750,000,000 shares authorized; 182,350,259 shares issued     182      182

Additional paid-in capital       2,521   2,605

Treasury shares at cost: current year-21,194,312; prior year-22,768,027       (1,308) (1,405)

Accumulated other comprehensive loss          (664)    (785)

Accumulated deficit   (1,312) (551)

$ (581) $ 46

Explain why the common stock is classified as part of the stockholder’s equity.

Explain why treasury stock is not classified as an asset.

Explain what is meant by “Accumulated other comprehensive loss.”

Why is the accumulated deficit larger in the current year than in the prior year?


Compute book value per share for Delta for the current year.

Need assignment writing services that are 100% risk-free. Our writers are capable of providing the best assignment help to students in globally at best rates.

Assignment online is a team of top-class experts whose only goal is to give you the best assignment help service. Follow the link below to order now...

#write essay #research paper