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| Statement of Change in Equity | ||||||
| Preferred Stock | Additional Paid-in Capital-preferred | Common Stock | Additional Paid-in Capital - common | Retained Earnings (Accumulated Deficit) | Total | |
| Beginning balance Jan 1 2019 | $ 20,000.00 | $ 1,000.00 | $ 16,000.00 | $ 8,000.00 | $ 1,375,000.00 | $ 1,420,000.00 |
| Issuance of stock | $ 8,000.00 | $ 2,000.00 | $10,000 | |||
| Net income (net loss) | $ 126,000.00 | $126,000 | ||||
| Dividends | $ (43,000.00) | ($43,000) | ||||
| Ending balance on Dec. 31, 2019 | $ 20,000.00 | $ 1,000.00 | $ 24,000.00 | $ 10,000.00 | $ 1,458,000.00 | $ 1,513,000.00 |
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The following formation is available for as R Us Corporation for the year ended December 31,...
Gifford Corporation camed net income of $100.000 during the your ended December 31, 2018. On December...
Gifford Corporation camed net income of $100.000 during the your ended December 31, 2018. On December 15, Getord declared the annual cash dividend on its per share cash dividend on is common stock (40.000 shares with total per value of $400,000). Gifford then paid the dividends on January 4, 2019 preferred stock 120.000 shares with lots par value of $200,000) and a $1.00 Read the requirements Journalire for Gifford Corporation the declaration for the cash dividends on December 15, 2018....
The post-closing trial balance of Pharoah Corporation at December 31, 2020, contains the following stockholders’ equity...
The post-closing trial balance of Pharoah Corporation at December 31, 2020, contains the following stockholders’ equity accounts. Preferred Stock (15,200 shares issued)$760,000 Common Stock (258,000 shares issued)2,580,000 Paid-in Capital in Excess of Par—Preferred Stock258,000 Paid-in Capital in Excess of Par—Common Stock380,000 Common Stock Dividends Distributable258,000 Retained Earnings968,470 A review of the accounting records reveals the following. 1.No errors have been made in recording 2020 transactions or in preparing the closing entry for net income. 2.Preferred stock is $50 par, 6%,...
The post-closing trial balance of Sunland Corporation at December 31, 2020, contains the following stockholders equity...
The post-closing trial balance of Sunland Corporation at December 31, 2020, contains the following stockholders equity accounts Preferred Stock (14.600 shares issued Common Stock (242.000 shares issued) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends atributable Retained ning 5730000 2420.000 242.000 383000 242 000 909.770 Areview of the accounting records reveals the 1 No errors have been made in recording 2020 transactions or in preparing the closing entry for net income...
Carson Corporation has the following capital stock outstanding at December 31, 2019: 9% Preferred stock, $100...
Carson Corporation has the following capital stock outstanding at December 31, 2019: 9% Preferred stock, $100 par value, cumulative 15,000 shares issued and outstanding $1,500,000 Common stock, no par, $10 stated value, 500,000 shares authorized, 350,000 shares issued and outstanding $3,500,000 The preferred stock was issued at $110 per share. The common stock was issued at $16 per share. Instructions Prepare the paid-in capital section of the balance sheet at December 31, 2019. Carson Corporation Balance Sheet (partial) As of...
The following are selected accounts for the Alpha Dog Company after all Fiscal Year December 31,...
The following are selected accounts for the Alpha Dog Company after all Fiscal Year December 31, 2016, adjusting entries&closing entries have been posted. All balances are normal Account Amount Common Stock, $5 par $150,000 Treasury Stock, at cost $10 per share 20,000 Dividends Payable 5,000 Paid in Capital in excess of par, 30,000 Common Stock Paid in Capital in excess of par, 3,500 Preferred Stock 140,000 Retained Earnings Bonds Payable Preferred Stock, $100 par, 5% 75,000 35,000 cumulative On December...
The following information pertains to the Chow Corporation for the fiscal year ended December 31, YR7:...
The following information pertains to the Chow Corporation for the fiscal year ended December 31, YR7: Net Income for YR7 $1,200,000 8% convertible bonds issued at par ($1,000 per bond). Each bond is convertible into 40 shares of common stock. $2,000,000 7% convertible bonds issued at par ($1,000 per bond). Each bond is convertible into 15 shares of common stock. $1,500,000 6% convertible, cumulative preferred stock, $100 par value. Each share is convertible into 3 shares of common stock. $3,000,000...
The following are selected accounts for the Alpha Dog Company after all Fiscal Year December 31,...
The following are selected accounts for the Alpha Dog Company after all Fiscal Year December 31, 2016, adjusting entries & closing entries have been posted. All balances are normal. Account Amount Common Stock, $5 par $150,000 Treasury Stock, at cost $10 per share 20,000 Dividends Payable 5,000 Paid in Capital in excess of par, Common Stock 30,000 Paid in Capital in excess of par, Preferred Stock 3,500 Retained Earnings 140,000 Bonds Payable 75,000 Preferred Stock, $100 par, 5% cumulative 35,000...
26. The ZZ Corporation had the following shares of stock outstanding at December 31, 2019: Common...
26. The ZZ Corporation had the following shares of stock outstanding at December 31, 2019: Common Stock, $50 par value, 40,000 shares outstanding; and Preferred Stock, 6 percent, $100 par value, cumulative,10,000 shares outstanding. Dividends for 2017 and 2018 were in arrears. On December 31, 2019, ZZ declared total cash dividends of $250,000. The total amounts payable to preferred stockholders and common stockholders, respectively, are: $60,000/$190,000 $120,000/$130,000 $125,000/$125,000 $180,000/$70,000
Webber Corporation reported the following alphabetical items for the year ended December 31, 2019 (some of...
Webber Corporation reported the following alphabetical items for the year ended December 31, 2019 (some of Webber's balance sheet accounts have been omitted). Accumulated Depreciation Accumulated Other Comprehensive Income Available for Sale Securities Common Stock, $10 par Cost of Goods Sold (condensed) Dividends Declared ($3,000 for Preferred and $29,000 for Common) Dividend Revenue Gain on Sale of Equipment Interest Expense Loss from Discontinued Operations Net Sales Operating Expenses (condensed) Paid in Capital in Excess of Par - Common Preferred Stock,...
Carson Corporation has the following capital stock outstanding at December 31, 2019: 9% Preferred stock, $100...
Carson Corporation has the following capital stock outstanding at December 31, 2019: 9% Preferred stock, $100 par value, cumulative 15,000 shares issued and outstanding $ 1,500,000 Common stock, no par, $10 stated value, 500,000 shares authorized, 350,000 shares issued and outstanding $ 3,500,000 The preferred stock was issued at $ 110 per share. The common stock was issued at $ 16 per share. Instructions Prepare the paid-in capital section of the balance sheet at December 31, 2019.
Gifford Corporation camed net income of $100.000 during the your ended December 31, 2018. On December 15, Getord declared the annual cash dividend on its per share cash dividend on is common stock (40.000 shares with total per value of $400,000). Gifford then paid the dividends on January 4, 2019 preferred stock 120.000 shares with lots par value of $200,000) and a $1.00 Read the requirements Journalire for Gifford Corporation the declaration for the cash dividends on December 15, 2018....
The post-closing trial balance of Sunland Corporation at December 31, 2020, contains the following stockholders equity accounts Preferred Stock (14.600 shares issued Common Stock (242.000 shares issued) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends atributable Retained ning 5730000 2420.000 242.000 383000 242 000 909.770 Areview of the accounting records reveals the 1 No errors have been made in recording 2020 transactions or in preparing the closing entry for net income...
The following are selected accounts for the Alpha Dog Company after all Fiscal Year December 31, 2016, adjusting entries&closing entries have been posted. All balances are normal Account Amount Common Stock, $5 par $150,000 Treasury Stock, at cost $10 per share 20,000 Dividends Payable 5,000 Paid in Capital in excess of par, 30,000 Common Stock Paid in Capital in excess of par, 3,500 Preferred Stock 140,000 Retained Earnings Bonds Payable Preferred Stock, $100 par, 5% 75,000 35,000 cumulative On December...
The following information pertains to the Chow Corporation for the fiscal year ended December 31, YR7: Net Income for YR7 $1,200,000 8% convertible bonds issued at par ($1,000 per bond). Each bond is convertible into 40 shares of common stock. $2,000,000 7% convertible bonds issued at par ($1,000 per bond). Each bond is convertible into 15 shares of common stock. $1,500,000 6% convertible, cumulative preferred stock, $100 par value. Each share is convertible into 3 shares of common stock. $3,000,000...
The following are selected accounts for the Alpha Dog Company after all Fiscal Year December 31, 2016, adjusting entries & closing entries have been posted. All balances are normal. Account Amount Common Stock, $5 par $150,000 Treasury Stock, at cost $10 per share 20,000 Dividends Payable 5,000 Paid in Capital in excess of par, Common Stock 30,000 Paid in Capital in excess of par, Preferred Stock 3,500 Retained Earnings 140,000 Bonds Payable 75,000 Preferred Stock, $100 par, 5% cumulative 35,000...
Webber Corporation reported the following alphabetical items for the year ended December 31, 2019 (some of Webber's balance sheet accounts have been omitted). Accumulated Depreciation Accumulated Other Comprehensive Income Available for Sale Securities Common Stock, $10 par Cost of Goods Sold (condensed) Dividends Declared ($3,000 for Preferred and $29,000 for Common) Dividend Revenue Gain on Sale of Equipment Interest Expense Loss from Discontinued Operations Net Sales Operating Expenses (condensed) Paid in Capital in Excess of Par - Common Preferred Stock,...
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