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Please show the work for each calculation.
LUULVL 2 McNiccols corporation had 200,000 shares of $10...
Hurdle Corporation is authorized to issue 200,000 shares of common stock. In its only issuance to...
Hurdle Corporation is authorized to issue 200,000 shares of common stock. In its only issuance to date, Hurdle sold 50,000 shares. A few months later, Hurdle reacquired 5,000 of those issued shares with the intention of reissuing them all later. By the end of this year, Hurdle had reissued just 2,000 of the reacquired shares. The board of directors declared a 40-cent dividend at the end of the year. How many shares will receive a dividend? 200,000 50,000 45,000 47,000...
On January 1, 2020, Smith Corporation had the following balances in the balances in its’ stockholders’...
On January 1, 2020, Smith Corporation had the following balances in the balances in its’ stockholders’ equity accounts. Common Stock ($10 par value, 120,000 shares issued and outstanding) $1,200,000 Paid-in Capital in Excess of Par-Common Stock 200,000 Retained Earnings 600,000 The following transactions occurred during the year. Jan. 1 Declared a $1 cash dividend per share to stockholders of record on January 15, payable February 1. Feb. 1 Paid the dividend declared in January. Mar. 1 Announced a 2-for-1 stock...
1,000. Prepare the February 1, 2017, journal entry. BE15-6 (L01) Moonwalker Corporation issued 2.000 shares of...
1,000. Prepare the February 1, 2017, journal entry. BE15-6 (L01) Moonwalker Corporation issued 2.000 shares of its $10 par value common stock for $60,000. Moonwalker also incurred $1,500 of costs associated with issuing the stock. Prepare Moonwalker's journal entry to record the issuance of the company's stock. BE15-7 (L01) Hinges Corporation issued 500 shares of $100 par value preferred stock for $61,500. Prepare Hinges's journal entry BE15-8 (L02) Sprinkle Inc. has outstanding 10,000 shares of $10 par value common stock....
Accounting Principles Homework Problems Chapter 14 1. On January 1, 2020, Smith Corporation had the following...
Accounting Principles Homework Problems Chapter 14 1. On January 1, 2020, Smith Corporation had the following balances in the balances in its' stockholders' equity accounts. Common Stock ($10 par value, 120,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,200,000 200,000 600,000 The following transactions occurred during the year. Jan. 1 Declared a $1 cash dividend per share to stockholders of record on January 15, payable February 1. Feb. 1 Paid the dividend declared in...
On January 1, 2018, Gerlach Inc. had the following account balances in its shareholders' equity accounts....
On January 1, 2018, Gerlach Inc. had the following account balances in its shareholders' equity accounts. Common stock, $1 par, 244,000 shares issued 244,000 Paid-in capital - excess of par, common 488,000 Paid-in capital - excess of par, preferred 180,000 Preferred stock, $100 par, 18,000 shares outstanding 1,800,000 Retained earnings 3,600,000 Treasury stock, at cost, 4,400 shares 22,000 During 2018, Gerlach Inc. had several transactions relating to common stock. January 15: Declared a property dividend of 100,000 shares of Slowdown...
Q-4 Jennings Corp. has 1,000,000 shares of S1 par value stock authorized, 200,000 shares issued, and...
Q-4 Jennings Corp. has 1,000,000 shares of S1 par value stock authorized, 200,000 shares issued, and 150,000 shares outstanding. On June 1, 2010, Jennings Board of Directors declared a 10% stock dividend at a time that the stock carried a market value of S30. Prepare the journal entry required to record the transaction described above and then post it to the related T-accounts: Compute the number of shares outstanding after the June 1 2010 stock dividend. Jennings Corp. announced a...
On January 1, 2016, Alpha Corporation had 200,000 shares of common stock outstanding with a par...
On January 1, 2016, Alpha Corporation had 200,000 shares of common stock outstanding with a par value of S3 per share. On March 31,Alpha Corporation declared a 10% stock dividend when the market value was $10 per share. Use this information to prepare the General Journal entry (without explanation) for March 31. If no entry is required then write "No Entry Required." Format GeneralJournak Accounts ebit Credit Date
Q#1 Jones Corp. has 200,000 shares of stock authorized, 120,000 shares issued, and 100,000 shares outstanding....
Q#1 Jones Corp. has 200,000 shares of stock authorized, 120,000 shares issued, and 100,000 shares outstanding. On August 2010, Jones' Board of Directors declared a cash dividend of S0.50 per share, with a date of record of September 1, 2010. The dividend will be paid on October 1, 2010. Prepare the journal entries required to record the transactions described above, as needed, and then post them to the related T accounts:
On January 1, 2018, Fascom had the following account balances in its shareholders' equity accounts. Common...
On January 1, 2018, Fascom had the following account balances in its shareholders' equity accounts. Common stock, $1 par, 242,000 shares issued Paid-in capital - excess of par, common Paid-in capital - excess of par, preferred Preferred stock, $100 par, 19,000 shares outstanding Retained earnings Treasury stock, at cost, 4,200 shares 242,000 484,000 190,000 1,900,000 3,800,000 21,000 During 2018, Fascom Inc. had several transactions relating to common stock. January 15: Declared a property dividend of 100,000 shares of Slowdown Company...
Problem 18-158 On January 1, 2018, Fascom had the following account balances in its shareholders' equity...
Problem 18-158 On January 1, 2018, Fascom had the following account balances in its shareholders' equity accounts. Common stock, $1 par, 258,00 shares issued Paid-in capital - excess of par, common Paid-in capital - excess of par, preferred Preferred stock, $100 par, 14,000 shares outstanding Retained earnings Treasury stock, at cost, 5,800 shares 258, eee 516, eee 14e.ee 1,400, eee 2,800,000 29, eee During 2018, Fascom Inc. had several transactions relating to common stock. January 15: Declared a property dividend...
1,000. Prepare the February 1, 2017, journal entry. BE15-6 (L01) Moonwalker Corporation issued 2.000 shares of its $10 par value common stock for $60,000. Moonwalker also incurred $1,500 of costs associated with issuing the stock. Prepare Moonwalker's journal entry to record the issuance of the company's stock. BE15-7 (L01) Hinges Corporation issued 500 shares of $100 par value preferred stock for $61,500. Prepare Hinges's journal entry BE15-8 (L02) Sprinkle Inc. has outstanding 10,000 shares of $10 par value common stock....
Accounting Principles Homework Problems Chapter 14 1. On January 1, 2020, Smith Corporation had the following balances in the balances in its' stockholders' equity accounts. Common Stock ($10 par value, 120,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,200,000 200,000 600,000 The following transactions occurred during the year. Jan. 1 Declared a $1 cash dividend per share to stockholders of record on January 15, payable February 1. Feb. 1 Paid the dividend declared in...
Q-4 Jennings Corp. has 1,000,000 shares of S1 par value stock authorized, 200,000 shares issued, and 150,000 shares outstanding. On June 1, 2010, Jennings Board of Directors declared a 10% stock dividend at a time that the stock carried a market value of S30. Prepare the journal entry required to record the transaction described above and then post it to the related T-accounts: Compute the number of shares outstanding after the June 1 2010 stock dividend. Jennings Corp. announced a...
On January 1, 2016, Alpha Corporation had 200,000 shares of common stock outstanding with a par value of S3 per share. On March 31,Alpha Corporation declared a 10% stock dividend when the market value was $10 per share. Use this information to prepare the General Journal entry (without explanation) for March 31. If no entry is required then write "No Entry Required." Format GeneralJournak Accounts ebit Credit Date
Q#1 Jones Corp. has 200,000 shares of stock authorized, 120,000 shares issued, and 100,000 shares outstanding. On August 2010, Jones' Board of Directors declared a cash dividend of S0.50 per share, with a date of record of September 1, 2010. The dividend will be paid on October 1, 2010. Prepare the journal entries required to record the transactions described above, as needed, and then post them to the related T accounts:
On January 1, 2018, Fascom had the following account balances in its shareholders' equity accounts. Common stock, $1 par, 242,000 shares issued Paid-in capital - excess of par, common Paid-in capital - excess of par, preferred Preferred stock, $100 par, 19,000 shares outstanding Retained earnings Treasury stock, at cost, 4,200 shares 242,000 484,000 190,000 1,900,000 3,800,000 21,000 During 2018, Fascom Inc. had several transactions relating to common stock. January 15: Declared a property dividend of 100,000 shares of Slowdown Company...
Problem 18-158 On January 1, 2018, Fascom had the following account balances in its shareholders' equity accounts. Common stock, $1 par, 258,00 shares issued Paid-in capital - excess of par, common Paid-in capital - excess of par, preferred Preferred stock, $100 par, 14,000 shares outstanding Retained earnings Treasury stock, at cost, 5,800 shares 258, eee 516, eee 14e.ee 1,400, eee 2,800,000 29, eee During 2018, Fascom Inc. had several transactions relating to common stock. January 15: Declared a property dividend...
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