dersnot 1367 1577... dersnot. 1367 1574. IF 212 Handout 2 212 and 12 do EF 212...
EF 212 HANDOUT 13 PI. In January 2014, the Jones Corporation was organized and authorized to issue 2,000,000 shares of $1 par common stock. The stock-related transactions for the first year's operations were as follows: Jan. 19 Sold 15,000 shares of the common stock for $31,500 Feb. 7 35,000 shares of common stock for a building that had an appraised value of $89,000 July 15 Issued) 5,000 shares of common stock for $15,000. Declared a cash dividend of $0.15 per...
please answer the following multiple choice questions 20. The following information is from the balance sheet of Tudor Corporation as of December 31, 2014 Preferred stock, S100 par Paid-in capital in excess of par preferred Common stock, SI par Paid-in capital in excess of par common Retained earnings Total stockholders' equity What was the average issue price of the common stock shares? A) S1.90 B) $1.00 C) $3.00 D) S13.15 $ 500,000 35,000 190,000 380,000 131.500 SL236.500 21. Dallkin Corporation...
Sarah Co. has the following stockholders' equity for 12/31/2019: $ 25,000 1,400 26,400 Preferred stock, 8%, $50 par, 3,000 shares authorized, 500 shares issued and outstanding Common stock, $.20 par, 10,000 shares authorized, 7,000 shares issued, and 6,700 shares outstanding Total capital stock Additional paid-in capital: Preferred Common Total paid-in capital Retained earnings Treasury Stock (300 shares at $25 cost) Total stockholders' equity 208,600 235,000 280,000 (7,500 $ 507,500 Required: Record the transactions listed and prepare the 2020 stockholders' equity...
MULTI-CONCEPT PROBLEMS cember 31, 2017, balance sheet of Eldon Company Problem 11-12 Analysis of Stockholders' Equity The Stockholders' Equity section of the December 31, 2017, balance sheet appeared as follows: Preferred stock, $30 par value, 5,000 shares authorized,? shares issued $120,000 Common stock, 2 par, 10,000 shares authorized 7,000 shares issued 70,000 Additional paid-in capital-Preferred 6,000 Additional paid-in capital-Common 560,000 Additional paid-in capital-Treasury stock 1,000 Multi-Concept Problems Total contributed capital Retained earnings Treasury stock, preferred, 100 shares Total stockholders' equity...
5 of 7 5956,000 D) $131.500 20. The following information is from the balance sheet of Teder Cage s of December 31, 2014 Preferred stock, S100 par $ 500.000 Paid-in capital in se preferred 35.000 Common stock, Spar Paid-in capital is re c omme Retained carings 131 S Total stockholders' equity S1236 What was the average issue price of the common stack has A) SI 90 B) $1.00 C) 51.00 DSILIS 21. Dallkin Corporation issued 5,000 shares of common stock...
Sarah Co. has the following stockholders' equity for 12/31/2019: Preferred stock, 8%, $50 par, 8,000 shares authorized, 500 shares issued and outstanding 25,000 Common stock, $.20 par, 10,000 shares authorized, 7,000 shares issued, and 6,700 shares outstanding Total capital stock Additional paid-in capital: 1,400 26,400 Preferred 208,600 Common Total paid-in capital Retained earnings 235,000 280,000 Treasury Stock (300 shares at $25 cost) Total stockholders' equity (7,500) 507,500 Required: Record the transactions listed and prepare the 2020 stockholders' equity section of...
Sarah Co. has the following stockholders' equity for 12/31/2019: 25,000 A 1,400 26,400 Preferred stock, 8%, $50 par, 8,000 shares authorized, 500 shares issued and outstanding Common stock, $.20 par, 10,000 shares authorized, 7,000 shares issued, and 6,700 shares outstanding Total capital stock Additional paid-in capital: Preferred Common Total paid-in capital Retained earnings Treasury Stock (300 shares at $25 cost) Total stockholders' equity 208,600 235,000 280,000 (7,500) 507,500) $ Required: Record the transactions listed and prepare the 2020 stockholders' equity...
Stockholders’ Equity Paid-In Capital Capital Stock 8% Preferred stock, $______par value, cumulative, 10,000 shares authorized 6000 shares issued & outstanding………………………………………………… $900,000 Common stock, $4 par value, 460,000 shares authorized; ______ shares issued and ______ shares outstanding$1,650,000 Total Capital Stock…………………………………………………………………… 2,550,000 Additional paid-in capital In excess of par value-preferred stock……………………………………………….. 60,000 In excess of par value-common stock……………………………………………... 825,000 Total Additional PIC……………………………………………………………… 885,000 Retained Earnings…….800,000 Total paid-in capital and retained earnings 4,235,000 Less: Treasury stock (12,000 shares) (180,000) Total stockholders' equity$4,055,000...
E11-3 Preparing the Stockholders' Equity Section of the Balance Sheet (LO 11-2, LO 11-4) North Wind Aviation received its charter during January authorizing the following capital stock: Preferred stock: 8 percent, par $10, authorized 20,000 shares. Common stock: par $1, authorized 50,000 shares. The following transactions occurred during the first year of operations in the order given: a. Issued a total of 45,000 shares of the common stock for $20 per share. b. Issued 12,000 shares of the preferred stock...
Lyuity account. ALTERNATE MULTI-CONCEPT PROBLEMS oblem 11-12A Analysis of Stockholders' Equity The Stockholders' Equity section of the December 31, 2017, balance sheet of Carter Company appeared as follows: Preferred stock, $50 par value, 10,000 shares authorized,? shares issued Common stock, ? par value, 20,000 shares authorized, 14,000 shares issued $ 400,000 Additional paid-in capital-Preferred 280,000 Additional paid-in capital-Common 12,000 Additional paid-in capital-Treasury stock 980,000 Total contributed capital 2,000 Retained earnings $1,674,000 Treasury stock, preferred, 200 shares 80,000 (12,800) Total stockholders'...