Accounts Payable....... $51,500 Accounts Receivable.....81,550 Ordinary Share............317,000 Treasury Share...............5,200 Bonds Payable................3,800 Paid-in Capital in Excess of...

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Accounts Payable....... $51,500 Accounts Receivable.....81,550 Ordinary Share............317,000 Treasury Share...............5,200 Bonds Payable................3,800 Paid-in Capital in Excess of...

Accounts Payable....... $51,500

Accounts Receivable.....81,550

Ordinary Share............317,000

Treasury Share...............5,200

Bonds Payable................3,800

Paid-in Capital in Excess of Par..... 220,000

Preference share, 10%, $100 Par......85,000

Retained Earnings..............................71,300

Notes Receivable...............................12,100

What is the total paid-in capital for the company?

Accounts Payable....... $51,500

Accounts Receivable.....81,550

Ordinary Share............317,000

Treasury Share...............5,200

Bonds Payable................3,800

Paid-in Capital in Excess of Par..... 220,000

Preference share, 10%, $100 Par......85,000

Retained Earnings..............................71,300

Notes Receivable...............................12,100

What is the total shareholders' equity for the company?

business accounting

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Answer 1

Answer #1

Answer 1.

Total Paid-in Capital = Ordinary Share + Paid-in Capital in Excess of Par + Preference share, 10%, $100 Par
Total Paid-in Capital = $317,000 + $220,000 + $85,000
Total Paid-in Capital = $622,000

Answer 2.

Total Shareholders’ Equity = Total Paid-in Capital + Retained Earnings -Treasury Shares
Total Shareholders’ Equity = $622,000 + $71,300 - $5,200
Total Shareholders’ Equity = $688,100

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Answer 2

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Accounts Payable....... $51,500 Accounts Receivable.....81,550 Ordinary Share............317,000 Treasury Share...............5,200 Bonds Payable................3,800 Paid-in Capital in Excess of...

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Accounts Payable....... $51,500 Accounts Receivable.....81,550 Ordinary Share............317,000 Treasury Share...............5,200 Bonds Payable................3,800 Paid-in Capital in Excess of...

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Accounts Payable....... $51,500 Accounts Receivable.....81,550 Ordinary Share............317,000 Treasury Share...............5,200 Bonds Payable................3,800 Paid-in Capital in Excess of...

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Add Answer to: Accounts Payable....... $51,500 Accounts Receivable.....81,550 Ordinary Share............317,000 Treasury Share...............5,200 Bonds Payable................3,800 Paid-in Capital in Excess of...

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Accounts Payable....... $51,500 Accounts Receivable.....81,550 Ordinary Share............317,000 Treasury Share...............5,200 Bonds Payable................3,800 Paid-in Capital in Excess of...