QS 12-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company’s...
QS 12-9 Computing financing cash flows LO P3
The following selected information is from Princeton Company’s
comparative balance sheets.
| At December 31 | 2017 | 2016 | ||
| Common stock, $10 par value | $ | 118,000 | $ | 114,000 |
| Paid-in capital in excess of par | 581,000 | 349,000 | ||
| Retained earnings | 327,500 | 301,500 | ||
The company’s net income for the year ended December 31, 2017, was
$55,000.
1. Complete the T-accounts to calculate the cash
received from the sale of its common stock during 2017.
|
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2. Complete the T-account to calculate the cash paid for dividends during 2017.
|
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Homework Answers
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QS 12-9 Computing financing cash flows LO P3
The following selected information is from Princeton Company’s...
QS 16-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's...
QS 16-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's comparative balance sheets At Common stock, $10 par value 201 Retained sarninein excess of pan $ 130,000 122,000 589,000 353,ee0 335,500 309,500 Retained earnings The company's net income for the year ended December 31, 2017, was $59,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017 Common Stock, $10 Par Beg bal End bal Paid-in...
need help with table 2 QS 16-9 Computing financing cash flows LO P3 The following selected...
need help with table 2
QS 16-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings 2017 2016 $ 134,000 $ 128,000 595,000 356,000 341,500 315,500 The company's net income for the year ended December 31, 2017, was $62,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during...
The following selected Information is from Princeton Company's comparative balance sheets. At December 31 Common stock,...
The following selected Information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings $ 188,800 $ 102,000 569,000 343, eee 315, 5ee 289,5ee The company's net income for the year ended December 31, 2017, was $49,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 201 Common Stock, S10 Par Beg bal End, bai Paid-in Capital in Excess...
The following selected information is from Princeton Company's comparative balance sheets. 2015 At December 31 2014...
The following selected information is from Princeton Company's comparative balance sheets. 2015 At December 31 2014 Common stock, $10 par value S 133,000 S 124,000 Paid-in capital in excess of par 591,000 354,000 Retained earnings 337,500 311,500 The company's net income for the year ended December 31, 2015, was $60,000. 1. Complete the below table to calculate the cash received from the sale of its common stock during 2015 Common Stock, $10 Par Beg. bal. End. bal. End. bal. Cash...
The following selected information is from Princeton Company's comparative balance sheets. At Docenber 31 2018 2017...
The following selected information is from Princeton Company's comparative balance sheets. At Docenber 31 2018 2017 Coanon stock,$10 par value Paid-in capital in excess of par Retained earnings ,000 120,000 587,000 352,000 333,500 30,500 The following selected information is from Princeton Company's comparative balance sheets. At Decenber Common stock, $10 par value Paid-in oapital in exoess of par Rotained oarninga 2017 127,000 120,000 587,000 352,000 The company's net income for the year ended December 31, 2018, was $58,000. 1. Complete...
The following information is from Princeton Company's comparative balance sheets. Current At December 31 Prior Year...
The following information is from Princeton Company's comparative balance sheets. Current At December 31 Prior Year Canon stock, $10 par value Paid-in capital in excess of par Retained earnings Year $ 148,800 599.88€ 345,500 $ 132,899 358,000 319.5ee The company's net Income for the current year ended December 31 was $64.000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Common Stock, $10 Par Beg bal. Issuance of common...
The following information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par...
The following information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings Current Prior Year Year S 127.000 $ 120,000 587,000 352,000 333,500 307,500 The company's net income for the current year ended December 31 was $58,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Common Stock, $10 Par Beg. bal. Dividends Dividends End,...
Can you please help with this problem ASAP, and I'll give a thumbs up. I've tried...
Can you please help with this problem ASAP, and I'll give a
thumbs up. I've tried putting -38,000 as credit in current year
dividends but it's incorrect. Please show how you got your answer.
Thank you.
QS 12-15 Computing financing cash flows LO P3 The following information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings Current Prior Year Year $ 140,000 $ 132,000 599,000 358,000...
The company's net income for the year ended December 31, 2017, was $57,000.
QS 16-9 Computing financing cash flows LO P3The following selected information is from Princeton Company's comparative balance sheets.At December 3120172016Common stock, $10 par value$124,000$118,000Paid-in capital in excess of par585,000351,000Retained earnings331,500305,500The company's net income for the year ended December 31, 2017, was $57,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017.
Required information [The following information applies to the questions displayed below.) Stacey's Piano Rebuilding Company has...
Required information [The following information applies to the questions displayed below.) Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts receivable Supplies Equipment Land Building $ 6,400 Accounts payable 32,000 Unearned revenue 1,500 Long-term note payable 9,500 Common stock 7,400 Additional paid-in capital 25,300 Retained earnings $ 9,600 3,840 48,500 1,600 7,000 11,560 a....
QS 16-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's comparative balance sheets At Common stock, $10 par value 201 Retained sarninein excess of pan $ 130,000 122,000 589,000 353,ee0 335,500 309,500 Retained earnings The company's net income for the year ended December 31, 2017, was $59,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017 Common Stock, $10 Par Beg bal End bal Paid-in...
need help with table 2
QS 16-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings 2017 2016 $ 134,000 $ 128,000 595,000 356,000 341,500 315,500 The company's net income for the year ended December 31, 2017, was $62,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during...
The following selected Information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings $ 188,800 $ 102,000 569,000 343, eee 315, 5ee 289,5ee The company's net income for the year ended December 31, 2017, was $49,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 201 Common Stock, S10 Par Beg bal End, bai Paid-in Capital in Excess...
The following selected information is from Princeton Company's comparative balance sheets. 2015 At December 31 2014 Common stock, $10 par value S 133,000 S 124,000 Paid-in capital in excess of par 591,000 354,000 Retained earnings 337,500 311,500 The company's net income for the year ended December 31, 2015, was $60,000. 1. Complete the below table to calculate the cash received from the sale of its common stock during 2015 Common Stock, $10 Par Beg. bal. End. bal. End. bal. Cash...
The following selected information is from Princeton Company's comparative balance sheets. At Docenber 31 2018 2017 Coanon stock,$10 par value Paid-in capital in excess of par Retained earnings ,000 120,000 587,000 352,000 333,500 30,500 The following selected information is from Princeton Company's comparative balance sheets. At Decenber Common stock, $10 par value Paid-in oapital in exoess of par Rotained oarninga 2017 127,000 120,000 587,000 352,000 The company's net income for the year ended December 31, 2018, was $58,000. 1. Complete...
The following information is from Princeton Company's comparative balance sheets. Current At December 31 Prior Year Canon stock, $10 par value Paid-in capital in excess of par Retained earnings Year $ 148,800 599.88€ 345,500 $ 132,899 358,000 319.5ee The company's net Income for the current year ended December 31 was $64.000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Common Stock, $10 Par Beg bal. Issuance of common...
The following information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings Current Prior Year Year S 127.000 $ 120,000 587,000 352,000 333,500 307,500 The company's net income for the current year ended December 31 was $58,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Common Stock, $10 Par Beg. bal. Dividends Dividends End,...
Can you please help with this problem ASAP, and I'll give a
thumbs up. I've tried putting -38,000 as credit in current year
dividends but it's incorrect. Please show how you got your answer.
Thank you.
QS 12-15 Computing financing cash flows LO P3 The following information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings Current Prior Year Year $ 140,000 $ 132,000 599,000 358,000...
QS 16-9 Computing financing cash flows LO P3The following selected information is from Princeton Company's comparative balance sheets.At December 3120172016Common stock, $10 par value$124,000$118,000Paid-in capital in excess of par585,000351,000Retained earnings331,500305,500The company's net income for the year ended December 31, 2017, was $57,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017.
Required information [The following information applies to the questions displayed below.) Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts receivable Supplies Equipment Land Building $ 6,400 Accounts payable 32,000 Unearned revenue 1,500 Long-term note payable 9,500 Common stock 7,400 Additional paid-in capital 25,300 Retained earnings $ 9,600 3,840 48,500 1,600 7,000 11,560 a....
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