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Pina Company has the following stockholders’ equity accounts at December 31, 2020. Common Stock ($100 par...
Problem 15-06 Oriole Company has the following stockholders’ equity accounts at December 31, 2020. Common Stock ($100 par value, authorized 7,600 shares) $459,100 Retained Earnings 266,700 Prepare entries in journal form to record the following transactions, which took place during 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (1) 290 shares of outstanding stock were...
Bramble Company has the following stockholders’ equity accounts at December 31, 2017. Common Stock ($100 par value, authorized 8,600 shares) $455,900 Retained Earnings 311,600 Prepare entries in journal form to record the following transactions, which took place during 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (1) 300 shares of outstanding stock were purchased at...
On January 1, 2020, Crane Corporation had the following stockholders’ equity accounts. Common Stock (no par value, 91,000 shares issued and outstanding) $1,385,000 Retained Earnings 546,000 During the year, the following transactions occurred. Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 3-for-1 stock split. Prior to the split, the market price per share was $37. July 1...
Problem 15-03 Nash Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders’ equity. Preferred Stock, 148,200 shares $ 2,964,000 Common Stock, 1,991,000 shares 9,955,000 Paid-in Capital in Excess of Par—Preferred Stock 207,000 Paid-in Capital in Excess of Par—Common Stock 26,478,000 Retained Earnings 4,495,000 The following transactions affected stockholders’ equity during 2021. Jan. 1 29,200 shares of preferred stock issued at $23 per...
For a recent 2-year period, the balance sheet of Vaughn Company showed the following stockholders’ equity data at December 31 (in millions). 2017 2016 Additional paid-in capital $ 920 $ 818 Common stock 657 648 Retained earnings 7,190 5,260 Treasury stock 1,786 928 Total stockholders’ equity $6,981 $5,798 Common stock shares issued 219 216 Common stock shares authorized 500 500 Treasury stock shares 38 29 (a) Answer the following questions. (1) What is the par value of the common stock?...
Problem 11-03A (Part 2) On December 31, 2021, Cullumber Company had 1,290,000 shares of $6 par common stock issued and outstanding. At December 31, 2021, stockholders’ equity had the amounts listed here. Common Stock $7,740,000 Additional Paid-in Capital 1,760,000 Retained Earnings 1,235,000 Transactions during 2022 and other information related to stockholders’ equity accounts were as follows. 1. On January 10, issued at $106 per share 125,000 shares of $104 par value, 8% cumulative preferred stock. 2. On February 8, reacquired...
Pearl Company has the following stockholders' equity accounts at December 31, 2017. Common Stock ($100 par value, authorized 7,400 shares) Retained Earnings $463,300 323,200 Prepare entries in journal form to record the following transactions, which took place during 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) (1) 300 shares of outstanding stock were purchased at...
Grouper Company had the following stockholders’ equity as of January 1, 2020. Common stock, $5 par value, 18,700 shares issued $93,500 Paid-in capital in excess of par—common stock 301,000 Retained earnings 323,000 Total stockholders’ equity $717,500 During 2020, the following transactions occurred. Feb. 1 Grouper repurchased 1,830 shares of treasury stock at a price of $19 per share. Mar. 1 740 shares of treasury stock repurchased above were reissued at $17 per share. Mar. 18 490 shares of treasury stock...
Blue Company has the following stockholders' equity accounts at December 31, 2020. Common Stock ($100 par value, authorized 8,300 shares) Retained Earnings $484,900 274,500 Prepare entries in journal form to record the following transactions, which took place during 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) (1) 270 shares of outstanding stock were purchased at...
Buffalo Company has the following stockholders' equity accounts at December 31, 2020. Common Stock ($100 par value, authorized 8,300 shares) $490,300 Retained Earnings 303,000 Prepare entries in journal form to record the following transactions, which took place during 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (1) 260 shares of outstanding stock were purchased at...