No. 2 please
problem #1 information
Homework Answers
| Date | Account title | Debit | credit |
| 2 | Treasury stock | 6000 | |
| cash (200*30) | 6000 | ||
| [Being shares repurchased ] |
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No. 2 please
problem #1 information
Use the equity entries from Problem #1. The firm recently...
Problem 3: Share buybacks (12 pts) The shareholders' equity section of the balance sheet of Genesis...
Problem 3: Share buybacks (12 pts) The shareholders' equity section of the balance sheet of Genesis Inc. at 1210 Shareholders' Equity Common stock, 200 million shares at $1 par Paid-in capital-excess of par Paid-in capital-share repurchase Retained Earnings On March 11, 2019. Genesis purchased back 3 million shares at $14 per share In millions $200 1,800 13 60,000 On July 29, 2019. Genesis sold 1 million shares at $15 per share. Required: a. Prepare journal entries to record the above...
Required Information [The following information applies to the questions displayed below) The equity sections for Atticus...
Required Information [The following information applies to the questions displayed below) The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-56 par value, 180,00 shares authorized, 35,000 shares issued and outstanding $212.de Paid in capital in excess of par value, common stock 170, Retained earnings Total stockholders equity $700, eee 3700, 629 Stockholders' Equity (December 31) Common stock-56 par value, 100,000 shares...
Splish Company had the following stockholders' equity as of January 1,2020 .
Splish Company had the following stockholders' equity as of January 1,2020 .Common stock, $ 5 par value, 18,800 shares issued $ 94,000 Paid-in capital in excess of par-common stock 298,000 Retained earnings 319,000Total stockholders' equity $711,000During 2020 , the following transactions occurred.Feb. 1 Splish repurchased 2,100 shares of treasury stock at a price of $ 21 per share.Mar. 1 780 shares of treasury stock repurchased above were reissued at $ 19 per share.Mar. 18 510 shares of treasury stock repurchased above...
Problem 11-4A Analysis of changes in stockholders' equity accounts LO C3, P2, P3 [The following information...
Problem 11-4A Analysis of changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to the questions displayed below.] The equity sections from Atticus Group's 2015 and 2016 year-end balance sheets follow. Stockholders' Equity (December 31, 2015) Common stock-$5 par value, 50,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 175,000 135,000 340,000 Total stockholders' equity $650,000 Stockholders' Equity (December 31, 2016) Common stock-$5 par value,...
Problem 14-3A Excel Spreadsheet Template Journalizing dividend and share. repurchase transactions, report- ing shareholders' equity 2....
Problem 14-3A Excel Spreadsheet Template Journalizing dividend and share. repurchase transactions, report- ing shareholders' equity 2. Total shareholders' equity, $435,000 The balance sheet of Gaitree Ltd. at December 31, 2016, reported 250,000 common shares authorized, with 75,000 shares issued and a Common Shares balance of $187,500. Retained Earnings had a credit balance of $150,000. During 2017, the company completed the follow- ing selected transactions: Mar. 15 Repurchased 10,000 of the company's own common shares at $2.75 per share. Apr. 29...
problem 3: Share buybacks (12 pts) The shareholders' equity section of the balance sheet of Genesis...
problem 3: Share buybacks (12 pts) The shareholders' equity section of the balance sheet of Genesis Inc. at 12/31/2018: Shareholders' Equity Common stock, 200 million shares at $1 par In millions $200 Paid-in capital-excess of par 1.800 Paid-in capital-share repurchase 13 Retained Earnings 60,000 On March 11, 2019. Genesis purchased back 3 million shares at $14 per share. On July 29, 2019. Genesis sold 1 million shares at $15 per share Required: a. Prepare journal entries to record the above...
Required information The following information applies to the questions displayed below.] The equity sections from Atticus...
Required information The following information applies to the questions displayed below.] The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow. Stockholders' Equity (December 31, 2016) Common stock-$4 par value, 100,eee shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 140, eee 1ee, eee 340, eee $ 580,000 Stockholders' Equity (December 31, 2017) Common stock-$4 par value, 100,000 shares authorized, 41,400 shares issued, 3,000...
Problem 15-2 Ayayai Company had the following stockholders' equity as of January 1, 2017 Common stock,...
Problem 15-2 Ayayai Company had the following stockholders' equity as of January 1, 2017 Common stock, $5 par value, 18,200 shares issued Paid-in capital in excess of par-common stock Retained earnings $91,000 299,000 320,000 $710,000 Total stockholders' equity During 2017, the following transactions occurred. Feb.1 Ayayai repurchased 1,990 shares of treasury stock at a price of $17 per share. Mar. 1 850 shares of treasury stock repurchased above were reissued at $15 per share. Mar. 18 530 shares of treasury...
Required information Problem 11-4A Analysis of changes in stockholders' equity accounts LO C3, P2, P3 [The...
Required information
Problem 11-4A Analysis of changes in stockholders' equity
accounts LO C3, P2, P3
[The following information applies to the questions
displayed below.]
The equity sections from Atticus Group’s 2016 and 2017 year-end
balance sheets follow.
Stockholders’ Equity (December 31, 2016)
Common stock—$5 par value, 100,000 shares
authorized, 40,000 shares issued and outstanding
$
200,000
Paid-in capital in excess of par value, common stock
160,000
Retained earnings
320,000
Total stockholders’ equity
$
680,000
Stockholders’ Equity (December 31, 2017)
Common...
Problem 2 The stockholders' equity section of Ellis Corporation's balance sheet at December 31, 2017, appears...
Problem 2 The stockholders' equity section of Ellis Corporation's balance sheet at December 31, 2017, appears below: Stockholders' equity Paid-in capital Common stock, $1 par value, 1,000,000 shares authorized; 300,000 issued and outstanding Paid-in capital in excess of par $300,000 1.500,000 1,800,000 600.000 $2,400,000 Total paid-in capital Retained earmings Total stockholders' equity As of December 31, 2017, what was the average issuance price for Common Stock? Show calculation. On June 1, the company issued 4,000 shares of Common Stock for...
Problem 3: Share buybacks (12 pts) The shareholders' equity section of the balance sheet of Genesis Inc. at 1210 Shareholders' Equity Common stock, 200 million shares at $1 par Paid-in capital-excess of par Paid-in capital-share repurchase Retained Earnings On March 11, 2019. Genesis purchased back 3 million shares at $14 per share In millions $200 1,800 13 60,000 On July 29, 2019. Genesis sold 1 million shares at $15 per share. Required: a. Prepare journal entries to record the above...
Required Information [The following information applies to the questions displayed below) The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-56 par value, 180,00 shares authorized, 35,000 shares issued and outstanding $212.de Paid in capital in excess of par value, common stock 170, Retained earnings Total stockholders equity $700, eee 3700, 629 Stockholders' Equity (December 31) Common stock-56 par value, 100,000 shares...
Problem 11-4A Analysis of changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to the questions displayed below.] The equity sections from Atticus Group's 2015 and 2016 year-end balance sheets follow. Stockholders' Equity (December 31, 2015) Common stock-$5 par value, 50,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 175,000 135,000 340,000 Total stockholders' equity $650,000 Stockholders' Equity (December 31, 2016) Common stock-$5 par value,...
Problem 14-3A Excel Spreadsheet Template Journalizing dividend and share. repurchase transactions, report- ing shareholders' equity 2. Total shareholders' equity, $435,000 The balance sheet of Gaitree Ltd. at December 31, 2016, reported 250,000 common shares authorized, with 75,000 shares issued and a Common Shares balance of $187,500. Retained Earnings had a credit balance of $150,000. During 2017, the company completed the follow- ing selected transactions: Mar. 15 Repurchased 10,000 of the company's own common shares at $2.75 per share. Apr. 29...
problem 3: Share buybacks (12 pts) The shareholders' equity section of the balance sheet of Genesis Inc. at 12/31/2018: Shareholders' Equity Common stock, 200 million shares at $1 par In millions $200 Paid-in capital-excess of par 1.800 Paid-in capital-share repurchase 13 Retained Earnings 60,000 On March 11, 2019. Genesis purchased back 3 million shares at $14 per share. On July 29, 2019. Genesis sold 1 million shares at $15 per share Required: a. Prepare journal entries to record the above...
Required information The following information applies to the questions displayed below.] The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow. Stockholders' Equity (December 31, 2016) Common stock-$4 par value, 100,eee shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 140, eee 1ee, eee 340, eee $ 580,000 Stockholders' Equity (December 31, 2017) Common stock-$4 par value, 100,000 shares authorized, 41,400 shares issued, 3,000...
Problem 15-2 Ayayai Company had the following stockholders' equity as of January 1, 2017 Common stock, $5 par value, 18,200 shares issued Paid-in capital in excess of par-common stock Retained earnings $91,000 299,000 320,000 $710,000 Total stockholders' equity During 2017, the following transactions occurred. Feb.1 Ayayai repurchased 1,990 shares of treasury stock at a price of $17 per share. Mar. 1 850 shares of treasury stock repurchased above were reissued at $15 per share. Mar. 18 530 shares of treasury...
Required information
Problem 11-4A Analysis of changes in stockholders' equity
accounts LO C3, P2, P3
[The following information applies to the questions
displayed below.]
The equity sections from Atticus Group’s 2016 and 2017 year-end
balance sheets follow.
Stockholders’ Equity (December 31, 2016)
Common stock—$5 par value, 100,000 shares
authorized, 40,000 shares issued and outstanding
$
200,000
Paid-in capital in excess of par value, common stock
160,000
Retained earnings
320,000
Total stockholders’ equity
$
680,000
Stockholders’ Equity (December 31, 2017)
Common...
Problem 2 The stockholders' equity section of Ellis Corporation's balance sheet at December 31, 2017, appears below: Stockholders' equity Paid-in capital Common stock, $1 par value, 1,000,000 shares authorized; 300,000 issued and outstanding Paid-in capital in excess of par $300,000 1.500,000 1,800,000 600.000 $2,400,000 Total paid-in capital Retained earmings Total stockholders' equity As of December 31, 2017, what was the average issuance price for Common Stock? Show calculation. On June 1, the company issued 4,000 shares of Common Stock for...
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