Number of shares of treasury stock = Shares issued - Shares outstanding = 14,000 - 1,800 = 12,200 Option D is the answer |
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The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10 par...
The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10 par value 24,000 shares authorized and 12,000 shares issued, 1,400 shares outstanding $120,000 Paid-in capital in excess of par value, common stock 54,000 Retained earnings 29,000 Treasury stock 16,660 Assuming the treasury shares were all purchased at the same price, the number of shares of treasury stock is:
1- The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10 par value 20,000 shares authorized and 10,000 shares issued, 9,000 shares outstanding $100,000 Paid-in capital in excess of par value, common stock 50,000 Retained earnings 25,000 Treasury stock 11,500 Assuming the treasury shares were all purchased at the same price, the cost per share of the treasury stock is: Multiple Choice $1.15. $1.28. $11.50. $10.50. $10.00. 2- Comfort Mattresses, Inc. sold 26,000 shares of...
On October 10, the stockholders’ equity of Sherman Systems appears as follows. Common stock–$10 par value, 73,000 shares authorized, issued, and outstanding $ 730,000 Paid-in capital in excess of par value, common stock 221,000 Retained earnings 872,000 Total stockholders’ equity $ 1,823,000 1. Prepare journal entries to record the following transactions for Sherman Systems. Purchased 5,100 shares of its own common stock at $26 per share on October 11. Sold 1,025 treasury shares on November 1 for $32 cash...
On October 10, the stockholders’ equity of Sherman Systems appears as follows. Common stock–$10 par value, 90,000 shares authorized, issued, and outstanding $ 900,000 Paid-in capital in excess of par value, common stock 306,000 Retained earnings 1,008,000 Total stockholders’ equity $ 2,214,000 1. Prepare journal entries to record the following transactions for Sherman Systems. Purchased 6,800 shares of its own common stock at $43 per share on October 11. Sold 1,450 treasury shares on November 1 for $49 cash...
On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 88,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock 880,000 296,000 992,000 Retained earnings Total stockholders' equity $2,168,000 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,600 shares of its own common stock at $41 per share on October 11 b. Sold 1,400 treasury shares on November 1 for $47 cash per...
On October 10, the stockholders' equity of Sherman Systems appears as follows: Common stock-$10 par value, 72,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 720,000 216,000 864,000 $ 1,800,000 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,000 shares of its own common stock at $25 per share on October 11. b. Sold 1,000 treasury shares on November 1 for $31...
On October 10, the stockholders’ equity of Sherman Systems appears as follows. Common stock–$10 par value, 91,000 shares authorized, issued, and outstanding $ 910,000 Paid-in capital in excess of par value, common stock 311,000 Retained earnings 1,016,000 Total stockholders’ equity $ 2,237,000 1. Prepare journal entries to record the following transactions for Sherman Systems. Purchased 6,900 shares of its own common stock at $44 per share on October 11. Sold 1,475 treasury shares on November 1 for $50 cash per...
On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 97,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 970,000 341,000 1,064,000 $ 2,375,000 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 7,500 shares of its own common stock at $50 per share on October 11. b. Sold 1,625 treasury shares on November 1 for $56...
Stockholders’ Equity: Transactions and Balance Sheet Presentation The stockholders’ equity accounts of Windham Corporation at January 1 appear below: 8 Percent preferred stock, $30 par value, 50,000 shares authorized; 6,800 shares issued and outstanding $204,000 Common stock, $10 par value, 200,000 shares authorized; 50,000 shares issued and outstanding 500,000 Paid-in capital in excess of par value-Preferred stock 68,000 Paid-in capital in excess of par value-Common stock 200,000 Retained earnings 270,000 During the year, the following transactions occurred: Jan. 10 Issued...