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| 1 | Cash Received from issue of shares at inception | 491800 |
| 2 | Share capital issued Cash Received from Stock Split | 0 |
| Cash Received from issue of shares at inception | 491800 | |
| 3 | Share capital issued from Stock Dividends (3000*53) | 159000 |
| Cash Received from issue of shares at inception | 332800 |
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The balance sheet of Castle Corporation includes the following stockholders' equity section: Common stock, $2 par,...
Exercise 10-72 Stock Dividends and Stock Splits The balance sheet of Castle Corporation includes the following...
Exercise 10-72 Stock Dividends and Stock Splits The balance sheet of Castle Corporation includes the following stockholders' equity section: Common stock, $2 par, 80,000 shares authorized, $120,000 60,000 shares issued and outstanding Additional paid-in capital-common stock 371,800 Total capital stock $491,800 Retained earnings 173,000 Total equity $664,800 Required: 1. Assume that Castle issued 60,000 shares for cash at the inception of the corporation and that no new shares have been issued since. Determine how much cash was received for the...
Exercise A3-20 (Algorithmic) Future Values of an Annuity Use Future Value Tables or your calculator to...
Exercise A3-20 (Algorithmic) Future Values of an Annuity Use Future Value Tables or your calculator to complete the requirements below. On December 31, 2020, you sign a contract to make annual deposits of $5,200 in an investment account that earns 10%. The first deposit is made on December 31, 2020. Required: 1. Calculate what the balance in this investment account will be just after the seventh deposit has been made if interest is compounded annually. Round your answer to the...
Problem 20.5A Issuing stock at par and at premium, preparing Stockholders' Equity section of balance sheet,...
Problem 20.5A Issuing stock at par and at premium, preparing Stockholders' Equity section of balance sheet, and recording stock subscriptions. LO 20-6, 20-7, 20-9. 20-11 Cate Corp. was organized on March 1, 2019, to operate a delivery service. The firm is authorized to issue 75,000 shares of no-par- value common stock with a stated value of $100 per share and 30,000 shares of $100 par value. 8 percent preferred stock that is nonparticipating and noncumulative. Selected transactions that took place...
The stockholders’ equity accounts of Castle Corporation on January 1, 2017, were as follows. Preferred Stock...
The stockholders’ equity accounts of Castle Corporation on January 1, 2017, were as follows. Preferred Stock (8%, $48 par, cumulative, 10,000 shares authorized) $ 360,000 Common Stock ($1 stated value, 2,000,000 shares authorized) 1,050,000 Paid-in Capital in Excess of Par—Preferred Stock 150,000 Paid-in Capital in Excess of Stated Value—Common Stock 1,500,000 Retained Earnings 1,800,000 Treasury Stock (10,500 common shares) 52,500 During 2017, the corporation had the following transactions and events pertaining to its stockholders’ equity. Feb. 1 Issued 24,500 shares...
9. Here is a company's December 31" Equity Section of the balance sheet: Common Stock, $10...
9. Here is a company's December 31" Equity Section of the balance sheet: Common Stock, $10 par, 10,000 shares issued and outstanding $100,000 Paid-In Capital in Excess of Par - Common Stock 240,000 Retained Earnings 700,000 Total Stockholder's Equity $1,040,000 What was the market price paid for each share of common stock? 10. A corporation is authorized by its corporate charter to issue 10,000 shares of preferred stock with a 7% dividend rate and a par value of $3 per...
Stockholders' Equity: Transactions and Statement The stockholders' equity section of Night Corporation's balance sheet at January...
Stockholders' Equity: Transactions and Statement The stockholders' equity section of Night Corporation's balance sheet at January 1 follows: Common stock, $10 par value, 300,000 shares authorized, 60,000 shares 600,000 issued, 6,000 shares in treasury Additional paid-in capital In excess of par value 960,000 From treasury stock 60,000 1,020,000 Retained earnings 696,000 2,316,000 Less: Treasury stock (6,000 shares) at cost 276,000 Total Stockholdersâ€TM Equity 2,040,000 The following transactions affecting stockholdersâ€TM equity occurred during the year: Jan. 8 Issued 15,000 shares of...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following a...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: Contributed Capital Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,800 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-par; authorized 20,000 shares, issued and outstanding 6,700 shares) Retained Earnings Treasury Stock, 1,800 Preferred shares at cost $118,000 18, 290 716,900 37,000 (9,850) Assume that no shares of treasury stock have been sold in the past...
how much would common stock be? LOS GATOS CORPORATION Balance Sheet At December 31, 2021 Assets...
how much would common stock be?
LOS GATOS CORPORATION Balance Sheet At December 31, 2021 Assets 50, 000 95,000 60,000 125,000 35,000 $ 365,000 Cash Accounts receivable Inventory Machinery (net) Franchise (net) Total assets Liabilities and Shareholders' Equity 60,000 10,000 65,000 115,000 115,000 $ 365,000 Accounts payable Allowance for uncollectible accounts Notes payable Bonds payable Shareholders' equity Total liabilities and shareholders' equity ces Additional Information: 1. Cash includes a $25,000 restricted amount to be used for repayment of the bonds...
E13-24 Journalizing issuance of stock and preparing the stockholders' equity section of the balance sheet The...
E13-24 Journalizing issuance of stock and preparing the stockholders' equity section of the balance sheet The charter of Evergreen Corporation authorizes the issuance of 900 shares of preferred stock and 1,400 shares of common stock. During a two-month period, Evergreen completed these stock-issuance transactions: Mar. 23 Issued 230 shares of $3 par value common stock for cash of $15 per share. Apr. 12 Received inventory with a market value of $27,000 and equipment with a market value of $19,000 for...
The stockholders' equity section on the December 31, 2014, balance sheet of American Corporation follows: Stockholders'...
The stockholders' equity section on the December 31, 2014, balance sheet of American Corporation follows: Stockholders' Equity Contributed capital Preferred stock (par $28; authorized 17,000 shares, ? issued, $196,000 of which 1,000 shares are held as treasury stock) Common stock (no-par, authorized 20,000 shares, issued and outstanding 7,000 shares) Contributed capital (includes $2,300 from treasury 574,000 stock transactions) Retained earnings Cost of treasury stock, preferred 16,300 41,000 (21,000) 6. How much did the treasury stock held cost per share? (Round...
Exercise 10-72 Stock Dividends and Stock Splits The balance sheet of Castle Corporation includes the following stockholders' equity section: Common stock, $2 par, 80,000 shares authorized, $120,000 60,000 shares issued and outstanding Additional paid-in capital-common stock 371,800 Total capital stock $491,800 Retained earnings 173,000 Total equity $664,800 Required: 1. Assume that Castle issued 60,000 shares for cash at the inception of the corporation and that no new shares have been issued since. Determine how much cash was received for the...
Problem 20.5A Issuing stock at par and at premium, preparing Stockholders' Equity section of balance sheet, and recording stock subscriptions. LO 20-6, 20-7, 20-9. 20-11 Cate Corp. was organized on March 1, 2019, to operate a delivery service. The firm is authorized to issue 75,000 shares of no-par- value common stock with a stated value of $100 per share and 30,000 shares of $100 par value. 8 percent preferred stock that is nonparticipating and noncumulative. Selected transactions that took place...
9. Here is a company's December 31" Equity Section of the balance sheet: Common Stock, $10 par, 10,000 shares issued and outstanding $100,000 Paid-In Capital in Excess of Par - Common Stock 240,000 Retained Earnings 700,000 Total Stockholder's Equity $1,040,000 What was the market price paid for each share of common stock? 10. A corporation is authorized by its corporate charter to issue 10,000 shares of preferred stock with a 7% dividend rate and a par value of $3 per...
Stockholders' Equity: Transactions and Statement The stockholders' equity section of Night Corporation's balance sheet at January 1 follows: Common stock, $10 par value, 300,000 shares authorized, 60,000 shares 600,000 issued, 6,000 shares in treasury Additional paid-in capital In excess of par value 960,000 From treasury stock 60,000 1,020,000 Retained earnings 696,000 2,316,000 Less: Treasury stock (6,000 shares) at cost 276,000 Total Stockholdersâ€TM Equity 2,040,000 The following transactions affecting stockholdersâ€TM equity occurred during the year: Jan. 8 Issued 15,000 shares of...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: Contributed Capital Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,800 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-par; authorized 20,000 shares, issued and outstanding 6,700 shares) Retained Earnings Treasury Stock, 1,800 Preferred shares at cost $118,000 18, 290 716,900 37,000 (9,850) Assume that no shares of treasury stock have been sold in the past...
how much would common stock be?
LOS GATOS CORPORATION Balance Sheet At December 31, 2021 Assets 50, 000 95,000 60,000 125,000 35,000 $ 365,000 Cash Accounts receivable Inventory Machinery (net) Franchise (net) Total assets Liabilities and Shareholders' Equity 60,000 10,000 65,000 115,000 115,000 $ 365,000 Accounts payable Allowance for uncollectible accounts Notes payable Bonds payable Shareholders' equity Total liabilities and shareholders' equity ces Additional Information: 1. Cash includes a $25,000 restricted amount to be used for repayment of the bonds...
E13-24 Journalizing issuance of stock and preparing the stockholders' equity section of the balance sheet The charter of Evergreen Corporation authorizes the issuance of 900 shares of preferred stock and 1,400 shares of common stock. During a two-month period, Evergreen completed these stock-issuance transactions: Mar. 23 Issued 230 shares of $3 par value common stock for cash of $15 per share. Apr. 12 Received inventory with a market value of $27,000 and equipment with a market value of $19,000 for...
The stockholders' equity section on the December 31, 2014, balance sheet of American Corporation follows: Stockholders' Equity Contributed capital Preferred stock (par $28; authorized 17,000 shares, ? issued, $196,000 of which 1,000 shares are held as treasury stock) Common stock (no-par, authorized 20,000 shares, issued and outstanding 7,000 shares) Contributed capital (includes $2,300 from treasury 574,000 stock transactions) Retained earnings Cost of treasury stock, preferred 16,300 41,000 (21,000) 6. How much did the treasury stock held cost per share? (Round...
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