Explain how you calculated Jan.12 please as well as fill in the following
Assets | = | Liabilities | + | Stockholder's Equity | ||||||||||||
Cash | Dividend Payable | + | Preferred Stock | + | Common Stock | + | Paid in capital in excess of par-preferred stock | + | Paid in capital in excess of par-common stock | + | Retained Earnings | - | Treasury Stock | Account Titles for Retained Earnings | ||
2018 | ||||||||||||||||
Jan-05 | $ 1,02,900 | $ 73,500 | $ 29,400 | |||||||||||||
Jan-12 | $ 2,56,500 | $ 2,37,500 | $ 19,000 | |||||||||||||
Apr-05 | $ 1,76,400 | $ 98,000 | $ 78,400 | |||||||||||||
Dec-31 | $ 67,200 | $ 67,200 | Income Summary | |||||||||||||
Dec-31 | $ 14,250 | $ -14,250 | Preferred Dividend | |||||||||||||
Dec-31 | $ - | $ - | Common Dividend | |||||||||||||
Balance | $ 6,03,000 | $ 14,250 | $ 2,37,500 | $ 1,71,500 | $ 19,000 | $ 1,07,800 | $ 52,950 | $ - | ||||||||
2019 | ||||||||||||||||
Feb-15 | $ -14,250 | $ -14,250 | ||||||||||||||
Mar-03 | $ 4,13,250 | $ 3,56,250 | $ 57,000 | |||||||||||||
May-05 | $ -4,500 | $ 4,500 | ||||||||||||||
Dec-31 | $ 78,200 | $ 78,200 | Income Summary | |||||||||||||
Dec-31 | $ 35,625 | $ -35,625 | Preferred Dividend | |||||||||||||
Dec-31 | $ 16,925 | $ -16,925 | Common Dividend | |||||||||||||
Balance | $ 10,75,700 | $ 52,550 | $ 5,93,750 | $ 1,71,500 | $ 76,000 | $ 1,07,800 | $ 78,600 | $ 4,500 |
Working
Assets | = | Liabilities | + | Stockholder's Equity | ||||||||||||
Cash | Dividend Payable | + | Preferred Stock | + | Common Stock | + | Paid in capital in excess of par-preferred stock | + | Paid in capital in excess of par-common stock | + | Retained Earnings | - | Treasury Stock | Account Titles for Retained Earnings | ||
2018 | ||||||||||||||||
Jan-05 | =14700*7 | =14700*5 | =14700*2 | |||||||||||||
Jan-12 | =1900*135 | =1900*125 | =256500-237500 | |||||||||||||
Apr-05 | =19600*9 | =19600*5 | =176400-98000 | |||||||||||||
Dec-31 | =304700-237500 | =304700-237500 | Income Summary | |||||||||||||
Dec-31 | =1900*125*6% | =-1900*125*6% | Preferred Dividend | |||||||||||||
Dec-31 | Common Dividend | |||||||||||||||
Balance | ||||||||||||||||
2019 | ||||||||||||||||
Feb-15 | -14250 | -14250 | ||||||||||||||
Mar-03 | =2850*145 | =2850*125 | =413250-356250 | |||||||||||||
May-05 | =-450*10 | =450*10 | ||||||||||||||
Dec-31 | =254700-176500 | =254700-176500 | Income Summary | |||||||||||||
Dec-31 | =(1900+2850)*125*6% | =-(1900+2850)*125*6% | Preferred Dividend | |||||||||||||
Dec-31 | =(14700+19600-450)*0.5 | =-(14700+19600-450)*0.5 | Common Dividend | |||||||||||||
Balance |
Explain how you calculated Jan.12 please as well as fill in the following Required information [The...
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