The stockholders' equity section of Benton Corporation's balance sheet as of December 31, 2017 is as...
PROBLEM 1. The stockholders' equity section of Dobroskey Corporation's balance sheet as of December 31, 2019 is as follows: Stockholders' Equity - Preferred Stock. 4% $100 par value, 100,000 shares authorized and 5000 shares issued and outstanding $500,000 - Common stock. $10 par value: authorized, 2,000,000 shares auth: issued and outstanding 60,000 shares $600.000 Paid-in capital in excess of par = $850.000 - Retained earnings - $4.000.000 The following events occurred during 2020: - Jan. 5: 20,000 shares of authorized...
The stockholders' equity section of Apples balance sheet as of December 31, 2018 is as follows: Stockholders' Equity - Preferred Stock, 4% $100 par value, 100,000 shares authorized and 5000 shares issued and outstanding = $500,000 - Common stock, $10 par value; authorized, 2,000,000 shares auth; issued and outstanding 60,000 shares = $600,000 - Paid-in capital in excess of par = $850,000 - Retained earnings = $4,000,000 to The following events occurred during 2019: Jan. 5: 20,000 shares of authorized...
PROBLEM 1. The stockholders’ equity section of Dobroskey Corporation’s balance sheet as of December 31, 2019 is as follows: Stockholders’ Equity - Preferred Stock, 4% $100 par value, 100,000 shares authorized and 5000 shares issued and outstanding = $500,000 - Common stock, $10 par value; authorized, 2,000,000 shares auth; issued and outstanding 60,000 shares = $600,000 - Paid-in capital in excess of par = $850,000 - Retained earnings = $4,000,000 The following events occurred during 2020: - Jan. 5: 20,000 shares of authorized and unissued common...
The stockholders' equity section of Porter Corporation's balance sheet as of December 31, 2018 is as follows: 8% Cumulative, Participative, Convertible Preferred Stocks, $75 par value: authorized, 500,000 shares; issued, 100,000 shares $7,500,000 Common stock, $12 stated value; authorized, 4,000,000 shares; issued, 400,000 shares 4,800,000 Paid-in capital in excess of par value – preferred stocks 2,000,000 Paid-in capital in excess of stated value – common stocks 2,400,000 Retained Earnings 9,000,000 The following events occurred during 2018: Jan. 5 35,000 shares...
The stockholders' equity section of Robert Corporation's balance sheet as of December 31, 2019 is as follows: Common Stock. $1 par value; 1,500,000 shares issued and outstanding $ 1,500,000 Paid-in Capital in Excess of Par Common Stock 3,750,000 Preferred Stock, 5%, $50 par, cumulative, 20,000 shares issued and outstanding 1,000,000 Paid-in Capital in Excess of Par-Preferred Stock 1,250,000 Part A: On the next pages, record the journal entries for the events that occurred on the following dates during 2020. I...
Please write clear answers and do not hand writing. Prepare a journal entries to record those transactions: 18. Stock dividends. The stockholders' equity section of Benton Corporation's balance sheet as of December 31, 2017 is as follows: Stockholders' Equity Common stock, $5 par value; authorized, 2,000,000 shares; issued, 600,000 shares $3,000,000 Paid-in capital in excess of par 850,000 Retained earnings 4.500.000 $8.350.000 The following events occurred during 2018: 1. Jan. 5 45,000 shares of authorized and unissued common stock were...
P11-10A. Stockholders' Equity: Transactions and Statement The stockholders' equity section of Corporation's balance sheet at January 1 follows: $ 300,000 Common stock, $5 par value, 300,000 shares authorized, 60,000 shares Issued, 6,000 shares in treasury.. Additional paid-in capital. ... In excess of par value.... From treasury stock ... Retained earnings .. $480,000 30,000 510,000 348,000 1,158,000 138,000 $1,020,000 Less: Treasury stock (6,000 shares) at cost..... The following transactions affecting stockholders' equity occurred during the year: Jan. 8 Mar. 12 June...
The stockholders' equity section of Thomas Corporation's balance sheet at December 31, 2018, appears below: Preferred Stock, 6%, $15 stated value, 50,000 shares authorized; 10,000 issued and outstanding 150,000 Paid-in capital in excess of stated value-preferred stock 30,000 Common stock, $10 par value, 400,000 shares authorized; 250,000 issued and outstanding 2,500,000 Paid-in capital in excess of par value-common stock 1,200,000 Retained earnings 600,000 During 2019, the following stock transactions...
The stockholders' equity section of Thomas Corporation's balance sheet at December 31, 2018, appears below: Preferred Stock, 6%, $15 stated value, 50,000 shares authorized; 10,000 issued and outstanding Paid-in capital in excess of stated value-preferred stock Common stock, $10 par value, 400,000 shares authorized; 250,000 issued and outstanding 150,000 30.000 2,500,000 Paid-in capital in excess of par value-common stock Retained earnings 1,200,000 600,000 During 2019, the following stock transactions occurred: Jan. 18 Issued 5,000 shares of common stock at $30...
The stockholders’ equity section of the balance sheet of Pittman Corporation as of December 31, 20X4, was as follows: Contributed Capital Common stock, $4 par value, 500,000 shares authorized, 200,000 shares issued and outstanding $800,000 Paid-in Capital in Excess of Par Value, Common $1,000,000 Total Contributed Capital $1,800,000 Retained Earnings $1,200,000 Total Stockholders' Equity $3,000,000 The following transactions occurred in 20X5 for Pittman Corporation: Feb. 28 The board of directors declared and issued a 10 percent stock dividend. The market...