Homework Answers
| Account Titles and Explanation | Debit | Credit | ||
| Feb. 1 | Treasury Stock | 44100 | =2100*21 | |
| Cash | 44100 | |||
| Mar. 1 | Cash | 14820 | =780*19 | |
| Retained Earnings | 1560 | |||
| Treasury Stock | 16380 | =780*21 | ||
| Mar. 18 | Cash | 6630 | =510*13 | |
| Retained Earnings | 4080 | |||
| Treasury Stock | 10710 | =510*21 | ||
| Apr. 22 | Cash | 13570 | =590*23 | |
| Treasury Stock | 12390 | =590*21 | ||
| Paid in Capital from sale of Treasury Stock | 1180 |
Add Answer to:
Question 5 View Policies Current Attempt in Progress Splish Company had the following stockholders' equity as...
Splish Company had the following stockholders' equity as of January 1,2020 .
Splish Company had the following stockholders' equity as of January 1,2020 .Common stock, $ 5 par value, 18,800 shares issued $ 94,000 Paid-in capital in excess of par-common stock 298,000 Retained earnings 319,000Total stockholders' equity $711,000During 2020 , the following transactions occurred.Feb. 1 Splish repurchased 2,100 shares of treasury stock at a price of $ 21 per share.Mar. 1 780 shares of treasury stock repurchased above were reissued at $ 19 per share.Mar. 18 510 shares of treasury stock repurchased above...
Bonita Company had the following stockholders' equity as of January 1, 2020. Common stock, $5 par...
Bonita Company had the following stockholders' equity as of January 1, 2020. Common stock, $5 par value, 20,500 shares issued Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $102,500 304,000 321,000 $727,500 During 2020, the following transactions occurred. Feb. 1 Bonita repurchased 1,950 shares of treasury stock at a price of $18 per share. Mar. 1 720 shares of treasury stock repurchased above were reissued at $16 per share. Mar. 18 520 shares of treasury stock...
Flounder Company had the following stockholders' equity as of January 1, 2020. Common stock, $5 par...
Flounder Company had the following stockholders' equity as of January 1, 2020. Common stock, $5 par value, 18,900 shares issued Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $94,500 306,000 317,000 $717,500 During 2020, the following transactions occurred. Feb. 1 Mar. 1 Mar. 18 Apr. 22 Flounder repurchased 1,900 shares of treasury stock at a price of $18 per share. 810 shares of treasury stock repurchased above were reissued at $16 per share. 470 shares of...
Marigold Company had the following stockholders' equity as of January 1, 2017. Common stock, $5 par...
Marigold Company had the following stockholders' equity as of January 1, 2017. Common stock, $5 par value, 18,200 shares issued Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $91,000 299,000 320,000 $710,000 During 2017, the following transactions occurred. Feb. 1 Mar. 1 Mar. 18 Apr. 22 Marigold repurchased 1,990 shares of treasury stock at a price of $17 per share. 850 shares of treasury stock repurchased above were reissued at $15 per share. 530 shares of...
Flounder Company had the following stockholders' equity as of January 1, 2017 Common stock, $5 par...
Flounder Company had the following stockholders' equity as of January 1, 2017 Common stock, $5 par value, 21,000 shares issued $ 105,000 Paid in capital in excess of par common stock 207.000 Retained earnings 316.000 Total stockholders' equity $718,000 During 2017, the following transactions occurred. Feb. 1 Founder repurchased 1,960 shares of treasury stock at a price of $17 per share. Mar. 1 750 shares of treasury stock repurchased above were reissued at $15 per share. Mar. 18 510 shares...
Larkspur Company had the following stockholders' equity as of January 1, 2017. Common stock, $5 par...
Larkspur Company had the following stockholders' equity as of January 1, 2017. Common stock, $5 par value, 18,400 shares issued Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $92,000 295,000 313,000 $700,000 During 2017, the following transactions occurred. Feb. 1 Mar. 1 Mar. 18 Apr. 22 Larkspur repurchased 1,970 shares of treasury stock at a price of $20 per share. 770 shares of treasury stock repurchased above were reissued at $18 per share. 510 shares of...
Problem 15-2 Ayayai Company had the following stockholders' equity as of January 1, 2017 Common stock,...
Problem 15-2 Ayayai Company had the following stockholders' equity as of January 1, 2017 Common stock, $5 par value, 18,200 shares issued Paid-in capital in excess of par-common stock Retained earnings $91,000 299,000 320,000 $710,000 Total stockholders' equity During 2017, the following transactions occurred. Feb.1 Ayayai repurchased 1,990 shares of treasury stock at a price of $17 per share. Mar. 1 850 shares of treasury stock repurchased above were reissued at $15 per share. Mar. 18 530 shares of treasury...
Grouper Company had the following stockholders’ equity as of January 1, 2020. Common stock, $5 par...
Grouper Company had the following stockholders’ equity as of January 1, 2020. Common stock, $5 par value, 18,700 shares issued $93,500 Paid-in capital in excess of par—common stock 301,000 Retained earnings 323,000 Total stockholders’ equity $717,500 During 2020, the following transactions occurred. Feb. 1 Grouper repurchased 1,830 shares of treasury stock at a price of $19 per share. Mar. 1 740 shares of treasury stock repurchased above were reissued at $17 per share. Mar. 18 490 shares of treasury stock...
View Policies Current Attempt In Progress The stockholders' equity accounts of Pina Colada Corp. on January...
View Policies Current Attempt In Progress The stockholders' equity accounts of Pina Colada Corp. on January 1, 2017, were as follows. $249.000 1,437,499 12.450 Preferred Stock (7%, $100 par noncumulative, 4, 150 shares authorized) Common Stock (55 stated value, 345,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Pald-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (4,150 common shares) 694,000 33.200 During 2017, the corporation had the following transactions and events pertaining to its...
Question 6 View Policies Current Attempt in Progress The stockholders' equity accounts of Blue Spruce Corp....
Question 6 View Policies Current Attempt in Progress The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2017, were as follows. Preferred Stock (8%, $100 par noncumulative, 4,300 shares authorized) $258,000 Common Stock ($3 stated value, 341,000 shares authorized) 852,500 Pald-in Capital in Excess of Par Value--Preferred Stock 12.900 Paid-in Capital in Excess of Stated Value-Common Stock 545,600 Retained Earnings 687,500 Treasury Stock (4,300 common shares) 34.400 During 2017, the corporation had the following transactions and events pertaining...
Bonita Company had the following stockholders' equity as of January 1, 2020. Common stock, $5 par value, 20,500 shares issued Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $102,500 304,000 321,000 $727,500 During 2020, the following transactions occurred. Feb. 1 Bonita repurchased 1,950 shares of treasury stock at a price of $18 per share. Mar. 1 720 shares of treasury stock repurchased above were reissued at $16 per share. Mar. 18 520 shares of treasury stock...
Flounder Company had the following stockholders' equity as of January 1, 2020. Common stock, $5 par value, 18,900 shares issued Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $94,500 306,000 317,000 $717,500 During 2020, the following transactions occurred. Feb. 1 Mar. 1 Mar. 18 Apr. 22 Flounder repurchased 1,900 shares of treasury stock at a price of $18 per share. 810 shares of treasury stock repurchased above were reissued at $16 per share. 470 shares of...
Marigold Company had the following stockholders' equity as of January 1, 2017. Common stock, $5 par value, 18,200 shares issued Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $91,000 299,000 320,000 $710,000 During 2017, the following transactions occurred. Feb. 1 Mar. 1 Mar. 18 Apr. 22 Marigold repurchased 1,990 shares of treasury stock at a price of $17 per share. 850 shares of treasury stock repurchased above were reissued at $15 per share. 530 shares of...
Flounder Company had the following stockholders' equity as of January 1, 2017 Common stock, $5 par value, 21,000 shares issued $ 105,000 Paid in capital in excess of par common stock 207.000 Retained earnings 316.000 Total stockholders' equity $718,000 During 2017, the following transactions occurred. Feb. 1 Founder repurchased 1,960 shares of treasury stock at a price of $17 per share. Mar. 1 750 shares of treasury stock repurchased above were reissued at $15 per share. Mar. 18 510 shares...
Larkspur Company had the following stockholders' equity as of January 1, 2017. Common stock, $5 par value, 18,400 shares issued Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $92,000 295,000 313,000 $700,000 During 2017, the following transactions occurred. Feb. 1 Mar. 1 Mar. 18 Apr. 22 Larkspur repurchased 1,970 shares of treasury stock at a price of $20 per share. 770 shares of treasury stock repurchased above were reissued at $18 per share. 510 shares of...
Problem 15-2 Ayayai Company had the following stockholders' equity as of January 1, 2017 Common stock, $5 par value, 18,200 shares issued Paid-in capital in excess of par-common stock Retained earnings $91,000 299,000 320,000 $710,000 Total stockholders' equity During 2017, the following transactions occurred. Feb.1 Ayayai repurchased 1,990 shares of treasury stock at a price of $17 per share. Mar. 1 850 shares of treasury stock repurchased above were reissued at $15 per share. Mar. 18 530 shares of treasury...
View Policies Current Attempt In Progress The stockholders' equity accounts of Pina Colada Corp. on January 1, 2017, were as follows. $249.000 1,437,499 12.450 Preferred Stock (7%, $100 par noncumulative, 4, 150 shares authorized) Common Stock (55 stated value, 345,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Pald-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (4,150 common shares) 694,000 33.200 During 2017, the corporation had the following transactions and events pertaining to its...
Question 6 View Policies Current Attempt in Progress The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2017, were as follows. Preferred Stock (8%, $100 par noncumulative, 4,300 shares authorized) $258,000 Common Stock ($3 stated value, 341,000 shares authorized) 852,500 Pald-in Capital in Excess of Par Value--Preferred Stock 12.900 Paid-in Capital in Excess of Stated Value-Common Stock 545,600 Retained Earnings 687,500 Treasury Stock (4,300 common shares) 34.400 During 2017, the corporation had the following transactions and events pertaining...
Most questions answered within 3 hours.
-
True/False Questions
1.
In interpreting an agreement, courts generally apply a
subjective standard.
2.
If, after...
asked 59 seconds ago -
4. Determine the theoretical yield of P2O5, when 3.07 g of P
reacts with 6.09 g...
asked 12 minutes ago -
On January 1, 20X7, Green Corp. paid $1,020,000 to acquire Wax
Co. Wax maintained separate incorporation....
asked 1 hour ago -
S sells property with a $500 basis to B for $450, and B later
sells the...
asked 1 hour ago -
C++
Write a class Fraction that defines adding, subtracting,
multiplying, and dividing fractions by overloading standard...
asked 2 hours ago -
This java code won't run and I can't figure out the problem with
it. Please help...
asked 3 hours ago -
Trace the following recursive methods:
a) isPal with the string “abccda”
b) isAnBn with the string...
asked 4 hours ago -
1. Which of the following is false about photosynthesis?
A. ATP is the molecule used to...
asked 5 hours ago -
A simple random sample of size n=64 is obtained from a
population with a mean of...
asked 6 hours ago -
(2 dimensions, 1 object, 2 accelerations)
1) A projectile is thrown with a wind. The wind...
asked 6 hours ago -
Brian makes $34,100 per year. How much can Brian expect to
contribute to FICA taxes in...
asked 7 hours ago -
To buy a new house you must borrow $155,000. To do this you take
out a...
asked 7 hours ago