Homework Answers
| BONITA CORPORATION | |||
| Stockholders’ Equity | |||
| December 31, 2020 | |||
| Capital stock | |||
| Preferred stock, $4 cumulative, par value $50 per share; authorized 60,000 shares, issued and outstanding 10,000 shares | $500,000 | ||
| Common stock, par value $1 per share;authorized 552,000 shares, issued 184,000 shares, and outstanding 172,000 share | $184,000 | ||
| Total Capital Stock | $684,000 | ||
| Additional paid-in capital— | |||
| In excess of par—common | $1,198,000 | ||
| From sale of treasury stock | $167,000 | ||
| $1,365,000 | |||
| Total paid-in capital | $2,049,000 | ||
| Retained earnings | $297,000 | ||
| Total paid-in capital and retained earnings | $2,346,000 | ||
| Less: Treasury stock, 12,000 shares at cost | $179,000 | ||
| Total stockholders’ equity | $2,167,000 | ||
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_ Cr. $ 319,400 181,000 BONITA CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2020 Dr. _ Accounts...
E15.17 (LO 4) (Stockholders' Equity Section) Bruno Corporation's post-closing trial balance at December 31, 2020, is...
E15.17 (LO 4) (Stockholders' Equity Section) Bruno Corporation's post-closing trial balance at December 31, 2020, is shown as follows. Bruno Corporation Post-Closing Trial Balance December 31, 2020 Dr. Cr. $ 310,000 $ 480,000 185,000 Accounts payable Accounts receivable Accumulated depreciation-buildings Additional paid-in capital in excess of par-common From treasury stock 1,300,000 160,000 Dr. Cr. 30,000 300,000 1,450,000 190,000 200,000 4,000 Allowance for doubtful accounts Bonds payable Buildings Cash Common stock ($1 par) Dividends payable (preferred stock-cash) Inventory Land Preferred stock...
Exercise 15-17 Windsor Corporation's post-closing trial balance at December 31, 2020, is shown as follows. WINDSOR...
Exercise 15-17 Windsor Corporation's post-closing trial balance at December 31, 2020, is shown as follows. WINDSOR CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2020 Dr. Cr. $ 345,900 $ 488,000 183,000 1,380,000 169,000 33,000 273,000 Accounts payable Accounts receivable Accumulated depreciation-buildings Additional paid-in capital in excess of par-common From treasury stock Allowance for doubtful accounts Bonds payable Buildings Cash Common stock ($1 par) Dividends payable (preferred stock-cash) Inventory Land Preferred stock ($50 par) Prepaid expenses Retained earnings Treasury stock (common at...
Bonita Company’s December 31, 2020, trial balance includes the following accounts: Investment in Common Stock $72,100,...
Bonita Company’s December 31, 2020, trial balance includes the following accounts: Investment in Common Stock $72,100, Retained Earnings $122,900, Trademarks $34,200, Preferred Stock $152,100, Common Stock $64,600, Deferred Income Taxes $88,600, Paid-in Capital in Excess of Par-Common Stock $184,000, and Noncontrolling Interest $59,430. Prepare the stockholders’ equity section of the balance sheet.
Exercise 15-17 Headland Corporation’s post-closing trial balance at December 31, 2017, is shown a...
Exercise 15-17
Headland Corporation’s post-closing trial balance at December
31, 2017, is shown as follows.
HEADLAND CORPORATION
POST-CLOSING TRIAL BALANCE
DECEMBER 31, 2017
Dr.
Cr.
Accounts payable
$ 361,400
Accounts receivable
$ 527,000
Accumulated depreciation—buildings
176,000
Additional paid-in capital in excess
of par—common
1,385,000
From treasury stock
147,000
Allowance for doubtful accounts
29,000
Bonds payable
316,000
Buildings
1,573,000
Cash
205,000
Common stock ($1 par)
198,000
Dividends payable (preferred stock—cash)
3,600
Inventory
555,000
Land
427,000
Preferred stock ($50 par)
550,000
Prepaid...
Exercise 15-17 Headland Corporation’s post-closing trial balance at December 31, 2017, is shown as follows. HEADLAND...
Exercise 15-17 Headland Corporation’s post-closing trial balance at December 31, 2017, is shown as follows. HEADLAND CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2017 Dr. Cr. Accounts payable $ 170,300 Accounts receivable $ 491,000 Accumulated depreciation—buildings 188,000 Additional paid-in capital in excess of par—common 1,383,000 From treasury stock 152,000 Allowance for doubtful accounts 31,000 Bonds payable 318,000 Buildings 1,416,000 Cash 205,000 Common stock ($1 par) 216,000 Dividends payable (preferred stock—cash) 3,700 Inventory 533,000 Land 407,000 Preferred stock ($50 par) 500,000 Prepaid...
The post-closing trial balance of Ivanhoe Corporation at December 31, 2020, contains the stockholders' equity accounts....
The post-closing trial balance of Ivanhoe Corporation at December 31, 2020, contains the stockholders' equity accounts. poration at December 31, 2020, contains the following Preferred Stock (15,000 shares issued) Common Stock (243,000 shares issued) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings $750,000 2,430,000 243,000 409,000 243,000 982,560 A review of the accounting records reveals the following. No errors have been made in recording 2020 transactions r in...
2. The post-closing trial balance of Harmon Corporation as of December 31, 2020, contains the following...
2. The post-closing trial balance of Harmon Corporation as of December 31, 2020, contains the following stockholders' equity accounts. $ Preferred Stock (15,000 shares issued) Common Stock (250,000 shares issued) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings 750,000 2,500,000 250,000 400,000 250,000 ??? The following items were revealed during a review of the accounting records. a. No errors were made during the recording of 2020 transactions of...
The post-closing trial balance of Harmon Corporation as of December 31, 2020, contains the following stockholders’...
The post-closing trial balance of Harmon Corporation as of December 31, 2020, contains the following stockholders’ equity accounts. Preferred Stock (15,000 shares issued) - $750,000 Common Stock (250,000 shares issued) - 2,500,000 Paid-in Capital in Excess of Par-Preferred Stock - 250,000 Paid-in Capital in Excess of Par-Common Stock - 400,000 Common Stock Dividends Distributable - 250,000 Retained Earnings - ??? The following items were revealed during a review of the accounting records. a. No errors were made during the recording...
Udall Corporation's post-closing trial balance at December 31, 2019, was as follows: Debit Credit Accounts Payable...
Udall Corporation's post-closing trial balance at December 31, 2019, was as follows: Debit Credit Accounts Payable $290,000 Accounts Receivable $550,000 Accumulated Depreciation-Building and Equipment 200,000 Additional Paid-in Capital-on Common Stock 1,560,000 Additional Paid-in Capital from Treasury Stock 250,000 Allowance for Doubtful Accounts 30,000 Bonds Payable 400,000 Building and Equipment 1,100,000 Cash 220,000 Common Stock ($1 par value) 150,000 Dividends Payable on Preferred Stock 4,000 Inventories 620,000 Land 380,000 Available-for-Sale Investments 285,000 Trading Investments 215,000 Preferred Stock ($50 par value) 500,000...
Prepare the liability and the stockholders equity section of Cleve's balance sheet at December 31, 2020...
Prepare the liability and the stockholders equity section of
Cleve's balance sheet at December 31, 2020 including disclosures.
Given the information above.
Cleves Corporatiorn Post-Closing Trial Balance December 31, 2020 Account Debit Credit 310,000 Accounts Payable Accounts Receivable Accumulated Depreciation Building.s Additional Paid-in Capital in Excess of Par - Common Additional Paid-in Capital from Treasury Stock Allowance for Doubtful Accounts Bonds Payable, 8% due 2025 Buildings Cash Common Stock ($1 par) Discount on Bonds Payable Dividends Payable (preferred stock -...
E15.17 (LO 4) (Stockholders' Equity Section) Bruno Corporation's post-closing trial balance at December 31, 2020, is shown as follows. Bruno Corporation Post-Closing Trial Balance December 31, 2020 Dr. Cr. $ 310,000 $ 480,000 185,000 Accounts payable Accounts receivable Accumulated depreciation-buildings Additional paid-in capital in excess of par-common From treasury stock 1,300,000 160,000 Dr. Cr. 30,000 300,000 1,450,000 190,000 200,000 4,000 Allowance for doubtful accounts Bonds payable Buildings Cash Common stock ($1 par) Dividends payable (preferred stock-cash) Inventory Land Preferred stock...
Exercise 15-17 Windsor Corporation's post-closing trial balance at December 31, 2020, is shown as follows. WINDSOR CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2020 Dr. Cr. $ 345,900 $ 488,000 183,000 1,380,000 169,000 33,000 273,000 Accounts payable Accounts receivable Accumulated depreciation-buildings Additional paid-in capital in excess of par-common From treasury stock Allowance for doubtful accounts Bonds payable Buildings Cash Common stock ($1 par) Dividends payable (preferred stock-cash) Inventory Land Preferred stock ($50 par) Prepaid expenses Retained earnings Treasury stock (common at...
Exercise 15-17
Headland Corporation’s post-closing trial balance at December
31, 2017, is shown as follows.
HEADLAND CORPORATION
POST-CLOSING TRIAL BALANCE
DECEMBER 31, 2017
Dr.
Cr.
Accounts payable
$ 361,400
Accounts receivable
$ 527,000
Accumulated depreciation—buildings
176,000
Additional paid-in capital in excess
of par—common
1,385,000
From treasury stock
147,000
Allowance for doubtful accounts
29,000
Bonds payable
316,000
Buildings
1,573,000
Cash
205,000
Common stock ($1 par)
198,000
Dividends payable (preferred stock—cash)
3,600
Inventory
555,000
Land
427,000
Preferred stock ($50 par)
550,000
Prepaid...
The post-closing trial balance of Ivanhoe Corporation at December 31, 2020, contains the stockholders' equity accounts. poration at December 31, 2020, contains the following Preferred Stock (15,000 shares issued) Common Stock (243,000 shares issued) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings $750,000 2,430,000 243,000 409,000 243,000 982,560 A review of the accounting records reveals the following. No errors have been made in recording 2020 transactions r in...
2. The post-closing trial balance of Harmon Corporation as of December 31, 2020, contains the following stockholders' equity accounts. $ Preferred Stock (15,000 shares issued) Common Stock (250,000 shares issued) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings 750,000 2,500,000 250,000 400,000 250,000 ??? The following items were revealed during a review of the accounting records. a. No errors were made during the recording of 2020 transactions of...
Udall Corporation's post-closing trial balance at December 31, 2019, was as follows: Debit Credit Accounts Payable $290,000 Accounts Receivable $550,000 Accumulated Depreciation-Building and Equipment 200,000 Additional Paid-in Capital-on Common Stock 1,560,000 Additional Paid-in Capital from Treasury Stock 250,000 Allowance for Doubtful Accounts 30,000 Bonds Payable 400,000 Building and Equipment 1,100,000 Cash 220,000 Common Stock ($1 par value) 150,000 Dividends Payable on Preferred Stock 4,000 Inventories 620,000 Land 380,000 Available-for-Sale Investments 285,000 Trading Investments 215,000 Preferred Stock ($50 par value) 500,000...
Prepare the liability and the stockholders equity section of
Cleve's balance sheet at December 31, 2020 including disclosures.
Given the information above.
Cleves Corporatiorn Post-Closing Trial Balance December 31, 2020 Account Debit Credit 310,000 Accounts Payable Accounts Receivable Accumulated Depreciation Building.s Additional Paid-in Capital in Excess of Par - Common Additional Paid-in Capital from Treasury Stock Allowance for Doubtful Accounts Bonds Payable, 8% due 2025 Buildings Cash Common Stock ($1 par) Discount on Bonds Payable Dividends Payable (preferred stock -...
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