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Problem 10-2B Record equity transactions and indicate the effect
on the balance sheet equation (LO10-2, 10-3, 10-4, 10-5)
Nautical has two
classes of stock authorized: $10 par preferred, and $1 par value
common. As of the beginning of 2021, 100 shares of preferred stock
and 1,500 shares of common stock have been issued. The following
transactions affect stockholders’ equity during 2021:
March
1
Issue 1,500
additional shares of common stock for $20 per share.
April
1
Issue 200
additional shares...
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Required information [The following information applies to the questions displayed below.) Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2021. 150 shares of preferred stock and 2.800 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021 March 1 Issue 2,880 additional shares of common stock for $12 per share. April 1 Issue 150 additional shares of preferred stock for $38 per share....
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Problem 10-5B Understand stockholders equity and the statement of
tockholders' equity
Chec Required information Problem 10-5B Understand stockholders' equity and the statement of stockholders' equity (LO10-7) (The following information applies to the questions displayed below) Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2021, 100 shares of preferred stock and 2,900 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1...
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Required information [The following information applies to the questions displayed below.] Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 300 shares of preferred stock and 3,400 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1 Issue 1,100 shares of common stock for $36 per share. May 15 Purchase 400 shares of treasury stock for $29 per share. July...
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View transaction list Journal entry worksheet 2 5 6 1 3 Record the resell 90,000 shares of treasury stock for $42 per share. Note: Enter debits before credits. Credit Date General Journal Debit August 15, 2021 Record entry View general journal 4 View transaction list Journal entry worksheet 1 2 3 4 5 Record the declaration of a cash dividend on its common stock of $1.20 per share and a $456,000 (4% of par value) cash dividend on its preferred...
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Exercise 10-9A Record common stock, treasury stock, and cash dividends (LO10-2, 10-4, 10-5) Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equity in 2021. March 1 Issues 59,000 additional shares of $1 par value common stock for $56 per share. May 10 Purchases 5,400 shares of treasury stock for $59 per...
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Required information [The following information applies to the questions displayed below.] Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 490 shares of preferred stock and 5,900 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1 Issue 3,000 shares of common stock for $61 per share. May 15 Purchase 590 shares of treasury stock for $54 per share. July...
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Required information [The following information applies to the questions displayed below.) Major League Apparel has two classes of stock authorized: 6%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: May January 2 Issue 110,000 shares of common stock for $67 per share. February 14 Issue 57,000 shares of preferred stock for $12 per share. May 8 Purchase 11,000 shares of its own common stock for $57 per...
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Required information Problem 10-6A Record equity transactions and prepare the stockholders' equity section (LO10-2, 10-3, 10- 4, 10-5, 10-7) (The following information applies to the questions displayed below.) Major League Apparel has two classes of stock authorized: 6%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issue 110,000 shares of common stock for $67 per share. February 14 Issue 57,000 shares of preferred stock for...
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The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On Aprl 2, Jun declares and distributes a 10 % stock dividend. The stock's per share market value on April 2 Is $10 (prior to the dividend). Common stock-$5 par value, 495,eee shares authorized, 260,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 1,300,e00 610,000 893,000 Total stockholders equity $ 2,803,000 Prepare the stockholders' equity section Immediately after...
Problem 10-2B Record equity transactions and indicate the effect
on the balance sheet equation (LO10-2, 10-3, 10-4, 10-5)
Nautical has two
classes of stock authorized: $10 par preferred, and $1 par value
common. As of the beginning of 2021, 100 shares of preferred stock
and 1,500 shares of common stock have been issued. The following
transactions affect stockholders’ equity during 2021:
March
1
Issue 1,500
additional shares of common stock for $20 per share.
April
1
Issue 200
additional shares...
Required information [The following information applies to the questions displayed below.) Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2021. 150 shares of preferred stock and 2.800 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021 March 1 Issue 2,880 additional shares of common stock for $12 per share. April 1 Issue 150 additional shares of preferred stock for $38 per share....
Problem 10-5B Understand stockholders equity and the statement of
tockholders' equity
Chec Required information Problem 10-5B Understand stockholders' equity and the statement of stockholders' equity (LO10-7) (The following information applies to the questions displayed below) Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2021, 100 shares of preferred stock and 2,900 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1...
Required information [The following information applies to the questions displayed below.] Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 300 shares of preferred stock and 3,400 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1 Issue 1,100 shares of common stock for $36 per share. May 15 Purchase 400 shares of treasury stock for $29 per share. July...
View transaction list Journal entry worksheet 2 5 6 1 3 Record the resell 90,000 shares of treasury stock for $42 per share. Note: Enter debits before credits. Credit Date General Journal Debit August 15, 2021 Record entry View general journal 4 View transaction list Journal entry worksheet 1 2 3 4 5 Record the declaration of a cash dividend on its common stock of $1.20 per share and a $456,000 (4% of par value) cash dividend on its preferred...
Exercise 10-9A Record common stock, treasury stock, and cash dividends (LO10-2, 10-4, 10-5) Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equity in 2021. March 1 Issues 59,000 additional shares of $1 par value common stock for $56 per share. May 10 Purchases 5,400 shares of treasury stock for $59 per...
Required information [The following information applies to the questions displayed below.] Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 490 shares of preferred stock and 5,900 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1 Issue 3,000 shares of common stock for $61 per share. May 15 Purchase 590 shares of treasury stock for $54 per share. July...
Required information [The following information applies to the questions displayed below.) Major League Apparel has two classes of stock authorized: 6%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: May January 2 Issue 110,000 shares of common stock for $67 per share. February 14 Issue 57,000 shares of preferred stock for $12 per share. May 8 Purchase 11,000 shares of its own common stock for $57 per...
Required information Problem 10-6A Record equity transactions and prepare the stockholders' equity section (LO10-2, 10-3, 10- 4, 10-5, 10-7) (The following information applies to the questions displayed below.) Major League Apparel has two classes of stock authorized: 6%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issue 110,000 shares of common stock for $67 per share. February 14 Issue 57,000 shares of preferred stock for...
The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On Aprl 2, Jun declares and distributes a 10 % stock dividend. The stock's per share market value on April 2 Is $10 (prior to the dividend). Common stock-$5 par value, 495,eee shares authorized, 260,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 1,300,e00 610,000 893,000 Total stockholders equity $ 2,803,000 Prepare the stockholders' equity section Immediately after...