Are you able to help with the attached assignment?

Chapter 11
E11-1
7/1/08
Cash................................................. 50,000
Notes Payable......................................................... 50,000
11/1/08
Cash................................................ 60,000
Notes Payable......................................................... 60,000
12/31/08
Interest Expense (50,000 X 12% X 6/12)........ 3,000
Interest Payable..................................................... 3,000
(Adjusting entry for 12% note.)
Interest Expense (60,000 X 10% X 2/12)........ 1,000
Interest Payable..................................................... 1,000
2/01/09
Notes Payable..................................................... 60,000
Interest Payable.................................................. 1,000
Interest Expense (60,000 X 10% X 1/12)............... 500
Cash........................................................................... 61,500
4/01/09
Notes Payable................................................. 50,000
Interest Payable .............................................. 3,000
Interest Expense (50,000 X 12% X 3/12)............... 1,500
Cash........................................................................... 54,500
E11-5
(a) Net pay = Gross pay – FICA taxes – Federal income tax
Net pay = $1,780 – $135.73 – $301.63
Net pay = $1,342.64
(b) Salaries Expense ........................................ 1,780.00
FICA Taxes Payable...................................................... 135.73
Federal Income Taxes Payable ....................................... 301.63
Salaries Payable...........................................................1,342.64
(c) Salaries Payable........................................ 1,342.64
Cash................................................................................... 1,342.64
E11-9
    
    
    Plan One
Issue Stock
    
    Plan Two
Issue Bonds
    
    
    
    
    
    Income before interest and taxes
Interest ($2,700,000 X 10%)
Income before taxes
Income tax expense (30%)
Net income
Outstanding shares
Earnings per share
    
    $800,000
—
 800,000
240,000
$560,000
 150,000
   $3.73
    
    $800,000
270,000
 530,000
 159,000
$371,000
  90,000
   $4.12
E11-12
(a) Prepare the journal entry to record the issuance of the bonds.
1. Cash............................................... 485,000
Bonds Payable................................................ 485,000
2. Semiannual interest payments
($20,000* X 10) .................................................... $200,000
Plus: bond discount.............................................. 15,000
Total cost of borrowing........................................ $215,000
*($500,000 X .08 X 6/12)
(b) Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 105
1. Cash..................................................... 525,000
Bonds Payable ................................................ 525,000
2. Semiannual interest payments
($20,000 X 10) ...................................................... $200,000
Less: bond premium ............................................. 25,000
Total cost of borrowing........................................ $175,000
P11-3A
(a)
May
 1
Cash
600,000
Bonds Payable
600,000
(b)
Dec.
31
Bond Interest Expense
9,000
Bond Interest Payable
 ($600,000 X 9% X 2/12)
9,000
(c)
Current Liabilities
Bonds Interest Payable
$ 9,000
Long-term Liabilities
Bonds Payable, due 2015
$600,000
(d)
2011
May
 1
Bond Interest Payable
9,000
Bond Interest Expense
 ($600,000 X 9% X 4/12)
18,000
Cash
27,000
(e)
Nov.
 1
Bond Interest Expense
27,000
Cash ($600,000 X 9% X 1/2)
27,000
(f)
Nov.
 1
Bonds Payable
600,000
Loss on Bond Redemption
12,000
Cash...