Wildcat Drilling has the following accounts on its trial balance. Debit Credit Retained Earnings 600,000 Cash...
Udall Corporation's post-closing trial balance at December 31, 2019, was as follows: Debit Credit Accounts Payable $290,000 Accounts Receivable $550,000 Accumulated Depreciation-Building and Equipment 200,000 Additional Paid-in Capital-on Common Stock 1,560,000 Additional Paid-in Capital from Treasury Stock 250,000 Allowance for Doubtful Accounts 30,000 Bonds Payable 400,000 Building and Equipment 1,100,000 Cash 220,000 Common Stock ($1 par value) 150,000 Dividends Payable on Preferred Stock 4,000 Inventories 620,000 Land 380,000 Available-for-Sale Investments 285,000 Trading Investments 215,000 Preferred Stock ($50 par value) 500,000...
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value $560,000 Paid-In Capital from Sale of Treasury Stock 309,100 Paid-In Capital in Excess of Par—Preferred Stock 72,000 Paid-In Capital in Excess of Stated Value—Common Stock 1,344,000 Preferred 2% Stock, $120 par 600,000 Retained Earnings 3,808,000 Prepare the Paid-In Capital...
Retained Earnings= 34,500 7) Complete the following stockholder's equity section of the balance sheet for Sunset Sailboat Company. Information: Use the ending retained earnings balance calculated above. Common stock par value, $5 / share, 200,000 shares. Preferred stock par value, $100 / share, 10,000 shares. Paid-in capital in excess of par - Common Stock, $250,900; Paid-in Capital in Excess of Par - Preferred Stock, $4,750. Comprehensive Income, $45,000, unrecognized trading gain. Treasury Stock ($50,000). Balance Sheet Stockholder's Equity (only) Contributed...
The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value $420,000 Paid-In Capital from Sale of Treasury Stock 252,000 Paid-In Capital in Excess of Par—Preferred Stock 72,000 Paid-In Capital in Excess of Stated Value—Common Stock 1,008,000 Preferred 2% Stock, $120 par 600,000 Retained Earnings 3,105,000 Prepare the Paid-In Capital portion of the...
Vaughn Corporation’s adjusted trial balance contained the following accounts at December 31, 2020: Retained Earnings $124,100, Common Stock $755,400, Bonds Payable $109,700, Paid-in Capital in Excess of Par-Common Stock $206,200, Goodwill $61,700, Accumulated Other Comprehensive Loss $158,000, and Noncontrolling Interest $39,400. Prepare the stockholders’ equity section of the balance sheet.
On December 31, Westworld Inc has the following equity accounts and balances: Retained Earnings. $51,500. Common Stock. $2,300, Treasury Stock, $3,300, Paid in Capital in Excess of Par Value, Common Stock $40,300, Preferred Stock. $8,300, and Paid In Capital in Excess of Par Value, Preferred Stock, $4,300. 0.25 points Prepare the stockholders' equity section of Westworld's balance sheet. (Negative amount(s) should be indicated by a minus sign.) eBook WESTWORLD INC. Stockholders' Equity Section of Balance Sheet December 31 Total stockholders'...
Ivanhoe Corporation’s adjusted trial balance contained the following accounts at December 31, 2020: Retained Earnings $121,300, Common Stock $766,600, Bonds Payable $104,800, Paid-in Capital in Excess of Par-Common Stock $205,300, Goodwill $59,700, Accumulated Other Comprehensive Loss $150,100, and Noncontrolling Interest $35,800. Prepare the stockholders’ equity section of the balance sheet. IVANHOE CORPORATION Balance Sheet (Partial) $
HARTER The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc, a freight Forwarder, at October 31, the end of the current fiscal year Common stock, no par, 14 stated value $420,000 Paid-In Capital from Sale of Treasury Stock 281,000 Paid-in Capital in Excess of Par-Preferred Stock 97,920 Paid-In Capital in Excess of stated Value-Common Stock 1,000,000 Preferred 2 Stock $120 par 816,000 Retained Earnings 3,462.000 Prepare the Paid In Capital portion...
Retained earnings and balance sheet data: Accounts payable $194,300 Accounts receivable 545,000 Accumulated depreciation—office buildings and equipment 1,580,000 Accumulated depreciation—store buildings and equipment 4,126,000 Allowance for doubtful accounts 8,450 Bonds payable, 5%, due in 10 years 500,000 Cash 282,850 Common stock, $20 par (400,000 shares authorized; 85,000 shares issued, 94,600 outstanding), January 1, 20Y8 1,700,000 Dividends: Cash dividends for common stock 155,120 Cash dividends for preferred stock 100,000 Goodwill 700,000 Income tax payable 44,000 Interest receivable 1,200 Inventory (December 31, 20Y8), at lower...
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, 514 stated value $420,000 Paid-In Capital from Sale of Treasury Stock 248,800 Paid-In Capital in Excess of Par-Preferred Stock 69,120 Paid-In Capital in Excess of Stated Value-Common Stock 1,008,000 Preferred 2% Stock, $120 par 576,000 Retained Earnings 3,065,000 Prepare the Paid In...