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 repurchased above were reissued at $14 per share. | |
Apr. 22 | 530 shares of treasury stock repurchased above were reissued at $21 per share. |
Prepare the stockholders’ equity section as of April 30, 2020. Net income for the first 4 months of 2020 was $139,600. (Enter account name only and do not provide descriptive information.)
GROUPER COMPANY |
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Additional Paid-in CapitalCapital StockCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Capital StockTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Paid-in CapitalTotal Paid-in Capital and Retained EarningsTotal Property, Plant and EquipmentTotal Stockholders' Equity |
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AddLess: |
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Additional Paid-in CapitalCapital StockCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Capital StockTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Paid-in CapitalTotal Paid-in Capital and Retained EarningsTotal Property, Plant and EquipmentTotal Stockholders' Equity |
$ |
stockholders equity | ||||
common stock | 93500 | |||
paid in capital in excess of par common stock | 301000 | |||
paid in capital from treasury stock | 1060 | |||
Total paid in capital | 395560 | |||
Retained earning | 458670 | |||
less: treasury stock | -1330 | |||
Total stockholders equity | 457340 | |||
working | ||||
paid in capital from treasury stock (530*2) | 1060 | |||
retained earning 323000+139600-(740*2)-(490*5) | 458670 | |||
treasury stock (70*19) | 1330 |
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METLOCK CORPORATION
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DECEMBER 31, 2020
Dr.
Cr.
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Accumulated depreciation—buildings
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Additional paid-in capital in excess
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From treasury stock
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Allowance for doubtful accounts
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Bonds payable
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Buildings
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Cash
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1.
On January 10, issued at $106 per
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2.
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2016
Additional paid-in
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