Part A
CARLA VISTA CORPORATION Partial Balance Sheet March 31, 2020 |
|
Stockholders' Equity |
|
Paid-in Capital |
|
Capital Stock |
|
Common Stock |
1375000 |
Retained Earning |
456000 |
Total Stockholders' Equity |
$1831000 |
541000-(85000*1) = 456000
Part B
CARLA VISTA CORPORATION Partial Balance Sheet June 30, 2020 |
|
Stockholders' Equity |
|
Paid-in Capital |
|
Capital Stock |
|
Common Stock |
1375000 |
Retained Earning |
456000 |
Total Stockholders' Equity |
$1831000 |
Part C
CARLA VISTA CORPORATION Partial Balance Sheet September 30, 2020 |
|
Stockholders' Equity |
|
Paid-in Capital |
|
Capital Stock |
|
Common Stock |
1528000 |
Retained Earning |
303000 |
Total Stockholders' Equity |
$1831000 |
1375000+((85000*3)*6%*10)) = 1375000+153000 = 1528000
456000-153000
Part D
CARLA VISTA CORPORATION Partial Balance Sheet December 31, 2020 |
|
Stockholders' Equity |
|
Paid-in Capital |
|
Capital Stock |
|
Common Stock |
1528000 |
Retained Earning |
566850 |
Total Stockholders' Equity |
$2094850 |
1375000+((85000*3)*6%*10)) = 1375000+153000 = 1528000
((85000*3)+(85000*3*6%)) = 270300
303000+399000-(0.50*270300)
Problem 14-03A a-d On January 1, 2020, Carla Vista Corporation had the following stockholders' equity accounts....
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