On January 1, 2022, Tamarisk, Inc. had these stockholders’
equity balances.
Common Stock, $1 par (2,900,000 shares authorized, 655,000 shares issued and outstanding) | $655,000 | |
Paid-in Capital in Excess of Par Value | 1,590,000 | |
Retained Earnings | 683,000 | |
Accumulated Other Comprehensive Income | 60,000 |
During 2022, the following transactions and events
occurred.
1. | Issued 55,000 shares of $1 par value common stock for $2 per share. | |
2. | Issued 59,500 shares of common stock for cash at $6 per share. | |
3. | Purchased 21,100 shares of common stock for the treasury at $3.20 per share. | |
4. | Declared and paid a cash dividend of $116,000. | |
5. | Earned net income of $422,000. | |
6. | Had other comprehensive income of $18,800. |
Prepare the stockholders’ equity section of the balance sheet at
December 31, 2022.
TAMARISK, INC. |
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select an opening section name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Paid-in Capital and Retained EarningsTotal Stockholders’ EquityTotal Additional Paid-in Capital | |||
select an opening subsection name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Paid-in Capital and Retained EarningsTotal Stockholders’ EquityTotal Additional Paid-in Capital | |||
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select a name of the subordinate part of this subsection Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Paid-in Capital and Retained EarningsTotal Stockholders’ EquityTotal Additional Paid-in Capital | |||
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select a closing subsection name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Paid-in Capital and Retained EarningsTotal Stockholders’ EquityTotal Additional Paid-in Capital |
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select a summarizing line for this part of the statement Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Paid-in Capital and Retained EarningsTotal Stockholders’ EquityTotal Additional Paid-in Capital |
enter a subtotal amount for this part of the statement |
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select between addition and deduction AddLess: enter a balance sheet item |
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select a closing section name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Paid-in Capital and Retained EarningsTotal Stockholders’ EquityTotal Additional Paid-in Capital |
$enter a total amount for this section |
Statement showing Stockholder Equity | |
Common Stock | $769,500 |
Paid-in capital in excess of par value - Common | $1,942,500 |
Total Paid in Capital | $2,712,000 |
Retained earnings | $989,000 |
Accumulated Comprehensive Income (60000+18800) |
$78,800 |
Less: Treasury Share | -$67,520 |
Total Stock Holder Equity as on 31 Dec 2022 | $3,712,280 |
Statement of Equity Shareholder Equity-Worksheet | |||||||||
S. No. | Common Stock | + | Paid In capital in Excess of Par - Common | + | Paid in Capital in Excess of Par- Treasury Stock | + | Retained Earning | - | Treasury Stock |
Beg | $655,000 | $1,590,000 | $683,000 | ||||||
1 | $55,000 | $55,000 | |||||||
2 | $59,500 | $297,500 | |||||||
3 | -$67,520 | ||||||||
4 | -$116,000 | ||||||||
5 | $422,000 | ||||||||
$769,500 | $1,942,500 | $0 | $989,000 | -$67,520 | |||||
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