Homework Answers
Stockholder's equity
December 31,2020
| Paid in capital | ||
| Capital Stock | ||
| Common Stock | 300000 | |
| Preferred stock | 150000 | 450000 |
| Additional paid in capital | ||
| paid in capital in excess of stated-Common Stock | 1230000 | |
| Paid in capital in excess of par-Preferred stock | 344000 | 1574000 |
| Total Paid in capital | 2024000 | |
| Retained earnings | 800000 | |
| Total | 2824000 | |
| Accumulated other comprehensive loss | -31000 | |
| Treasury Stock | -74000 | |
| Total Stockholder's equity | 1919000 | |
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E13.15
Paid-in Capital Capital Stock Additional Retained Earnings Account Other E13.15 (LO 3) Financial Statement The...
E14-11 The following accounts appear in the ledger of Horner Inc, after the books are Prepare...
E14-11 The following accounts appear in the ledger of Horner Inc, after the books are Prepare a stockholder qit dased at December 31. Common Stock, no par, $1 stated value, 400,000 shares authorized; section LO 3), AP 300,000 shares issued Common Stock Dividends Distributable Paid-in Capital in Excess of Stated Valu Preferred Stock, $5 par value, 896, 40,000 shares authorized; $ 300,000 30,000 1,200,000 ommon Stoc 30,000 shares issued Retained Earnings Treasury Stock (10,000 common shares) Paid-in Capital in Excess...
The following accounts appear in the ledger of Horner Inc. after the books are closed at...
The following accounts appear in the ledger of Horner Inc. after the books are closed at December 31. Common Stock, no par, $3 stated value, 393,000 shares authorized; 282,000 shares issued Common Stock Dividends Distributable Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock, $6 par value, 8%, 36,000 shares authorized; 25,500 shares issued Retained Earnings Treasury Stock (11,500 common shares) Paid-in Capital in Excess of Par-Preferred Stock $846,000 29,000 130,000 153,000 814,000 89,700 350,000 Prepare the stockholders' equity...
help with finding retained earnings and treasury stock Ivanhoe Company has two classes of capital stock...
help with finding retained earnings and treasury stock
Ivanhoe 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, 152,200 shares Common Stock, 2,039,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $3,044,000 10,195,000 202,000 26,684,000 4,587,000 The following transactions affected stockholders' equity during 2021. Jan. 1 32,600 shares of preferred...
Exercise 11-20 The following accounts appear in the ledger of Wildhorse Co. after the books are...
Exercise 11-20 The following accounts appear in the ledger of Wildhorse Co. after the books are closed at December 31, 2019: Common Stock, no par, $1 stated value, 420,000 shares authorized; 278,000 shares issued $ 278,000 Common Stock Dividends Distributable 28,000 Paid-in Capital in Excess of Stated Value—Common Stock 1,230,000 Preferred Stock, $5 par value, 8%, 45,000 shares authorized; 28,600 shares issued 143,000 Retained Earnings 785,000 Treasury Stock (11,200 common shares) 87,360 Paid-in Capital in Excess of Par—Preferred Stock 342,000...
350,000 Kell Corporation Stockholder's Equity 12/31/XX Paid-in-Capital From stock: Preferred Stock, cumulative. 10,000 shares authorized, 7,000...
350,000 Kell Corporation Stockholder's Equity 12/31/XX Paid-in-Capital From stock: Preferred Stock, cumulative. 10,000 shares authorized, 7,000 shares issued $ Common Stock, no par, 50,000 shares authorized, 40,000 shares issued Total Paid-in-Capital from stock $ Additional Paid-in-Capital: In excess of par value - preferred stock S 49,000 In excess of stated value - common stock 240.000 Total Additional Paid-in-Capital s Total Paid-in-Capital S Retained Earnings s Total Paid-in-Capital and Retained Earnings S Less: Treasury Stock - Common (1.000 shares) Total Stockholder's...
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance...
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value $700,000 Paid-In Capital from Sale of Treasury Stock 380,800 Paid-In Capital in Excess of Par—Preferred Stock 84,960 Paid-In Capital in Excess of Stated Value—Common Stock 1,680,000 Preferred 2% Stock, $120 par 708,000 Retained Earnings 4,691,000 Prepare the Paid-In Capital...
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance...
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value $560,000 Paid-In Capital from Sale of Treasury Stock 365,600 Paid-In Capital in Excess of Par—Preferred Stock 122,400 Paid-In Capital in Excess of Stated Value—Common Stock 1,344,000 Preferred 2% Stock, $120 par 1,020,000 Retained Earnings 4,504,000 Prepare the Paid-In Capital...
Exercise 11-20 The following accounts appear in the ledger of Sheffield Corp. after the books are closed at December 31,...
Exercise 11-20 The following accounts appear in the ledger of Sheffield Corp. after the books are closed at December 31, 2019: Common Stock, no par, $3 stated value, 387,000 shares authorized; 275,000 shares issued $ 825,000 Common Stock Dividends Distributable 31,000 Paid-in Capital in Excess of Stated Value—Common Stock 1,300,000 Preferred Stock, $6 par value, 8%, 35,000 shares authorized; 26,700 shares issued 160,200 Retained Earnings 839,000 Treasury Stock (10,200 common shares) 81,600 Paid-in Capital in Excess of Par—Preferred Stock 340,000...
The following accounts appear in the ledger of Skysong, Inc. after the books are closed at...
The following accounts appear in the ledger of Skysong, Inc. after the books are closed at December 31, 2020. Common Stock, no par, $3 stated value, 375,000 shares authorized; 314,000 shares issued Common Stock Dividends Distributable Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock, $6 par value, 8%, 38,000 shares authorized; 25,900 shares issued Retained Earnings Treasury Stock (11,500 common shares) Paid-in Capital in Excess of Par-Preferred Stock Accumulated Other Comprehensive Loss $942,000 26,000 1,290,000 155,400 781,000 80,500...
Exercise 11-20 The following accounts appear in the ledger of Blossom Company after the books are...
Exercise 11-20 The following accounts appear in the ledger of Blossom Company after the books are closed at December 31, 2020 $ 598,000 Common Stock, no par, $2 stated value, 381,000 shares authorized; 299,000 shares issued 33,000 Common Stock Dividends Distributable 1,130,000 Paid-in Capital in Excess of Stated Value-Common Stock 132,500 Preferred Stock, $5 par value, 8%, 40,000 shares authorized; 26,500 shares issued 784,000 Retained Earnings Treasury Stock (11,200 common shares) Paid-in Capital in Excess of Par-Preferred Stock 80,640 349,000...
E14-11 The following accounts appear in the ledger of Horner Inc, after the books are Prepare a stockholder qit dased at December 31. Common Stock, no par, $1 stated value, 400,000 shares authorized; section LO 3), AP 300,000 shares issued Common Stock Dividends Distributable Paid-in Capital in Excess of Stated Valu Preferred Stock, $5 par value, 896, 40,000 shares authorized; $ 300,000 30,000 1,200,000 ommon Stoc 30,000 shares issued Retained Earnings Treasury Stock (10,000 common shares) Paid-in Capital in Excess...
The following accounts appear in the ledger of Horner Inc. after the books are closed at December 31. Common Stock, no par, $3 stated value, 393,000 shares authorized; 282,000 shares issued Common Stock Dividends Distributable Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock, $6 par value, 8%, 36,000 shares authorized; 25,500 shares issued Retained Earnings Treasury Stock (11,500 common shares) Paid-in Capital in Excess of Par-Preferred Stock $846,000 29,000 130,000 153,000 814,000 89,700 350,000 Prepare the stockholders' equity...
help with finding retained earnings and treasury stock
Ivanhoe 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, 152,200 shares Common Stock, 2,039,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $3,044,000 10,195,000 202,000 26,684,000 4,587,000 The following transactions affected stockholders' equity during 2021. Jan. 1 32,600 shares of preferred...
350,000 Kell Corporation Stockholder's Equity 12/31/XX Paid-in-Capital From stock: Preferred Stock, cumulative. 10,000 shares authorized, 7,000 shares issued $ Common Stock, no par, 50,000 shares authorized, 40,000 shares issued Total Paid-in-Capital from stock $ Additional Paid-in-Capital: In excess of par value - preferred stock S 49,000 In excess of stated value - common stock 240.000 Total Additional Paid-in-Capital s Total Paid-in-Capital S Retained Earnings s Total Paid-in-Capital and Retained Earnings S Less: Treasury Stock - Common (1.000 shares) Total Stockholder's...
The following accounts appear in the ledger of Skysong, Inc. after the books are closed at December 31, 2020. Common Stock, no par, $3 stated value, 375,000 shares authorized; 314,000 shares issued Common Stock Dividends Distributable Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock, $6 par value, 8%, 38,000 shares authorized; 25,900 shares issued Retained Earnings Treasury Stock (11,500 common shares) Paid-in Capital in Excess of Par-Preferred Stock Accumulated Other Comprehensive Loss $942,000 26,000 1,290,000 155,400 781,000 80,500...
Exercise 11-20 The following accounts appear in the ledger of Blossom Company after the books are closed at December 31, 2020 $ 598,000 Common Stock, no par, $2 stated value, 381,000 shares authorized; 299,000 shares issued 33,000 Common Stock Dividends Distributable 1,130,000 Paid-in Capital in Excess of Stated Value-Common Stock 132,500 Preferred Stock, $5 par value, 8%, 40,000 shares authorized; 26,500 shares issued 784,000 Retained Earnings Treasury Stock (11,200 common shares) Paid-in Capital in Excess of Par-Preferred Stock 80,640 349,000...
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