Date Account Title PR Debit Credit

Jan. 2 Cash 5,000,000

Preferred Shares 400,000
Paid-in Capital in Excess of ParPreferred Shares 4,600,000
To record issuance of 100,000 shares of $4 par value
preferred shares

Apr. 1 Retained Earnings

Cash
 2011 2010

Return on assets
Husky energy Inc Net Income 2,224 = 7.35% 947 =
Average Total Assets 30,238 26,779

Suncor Energy, Inc Net Income 4,304 = 6.00% 3,829 =

Average Total Assets 71,692 68,203

Return on equity
Husky energy Inc
Net Income 2,224 = 13.75% 947 =
Average Shareholder's Equity 16,174 14,145

Suncor Energy, Inc Net Income 4,304 = 11.67% 3,829 =

Average Shareholder's Equity 36,896 33,839
 3.54%

5.61%

6.69%

11.32%
Date Account Title PR Debit Credit
2013
May 1 Cash 927,000
Premium on Bonds Payable 27,000
Bonds Payable 900,000
Sold bonds at a premium on their issue date.