Homework Answers
| Treasury Stock | |||||
| Date | Explanation | Ref. | Debit | Credit | Balance |
| Jan. 1 | Balance | $43,600 | |||
| Apr. 14 | $23,600 | $20,000* | |||
| Nov. 10 | $6,200 | $26,200** | |||
.
*$20,000 = $43,600 - $23,600
**26,200 = $20,000 + $6,200
.
Note:
The normal balance of the 'Treasury stock' account is the debit balance.
Add Answer to:
The two red x’s
Preferred Stock Date E Ref Debit Credit Balance an. 1| Balance Date...
please help!! i forgot to add this too nent Credit Debit Account Titles and Explanation Date 124000 Jan. 1...
please help!!
i forgot to add this too
nent Credit Debit Account Titles and Explanation Date 124000 Jan. 1 Cash 24000 Common Stock 100000 Paid-in Capital in Excess of Stated Value-Commor 33400 Apr. 14 Cash 22000 Common Stock 11400 Paid-in Capital from Treasury Stock 34000 Sept. 3 Patents 4900 Common Stock Paid-in Capital in Excess of Stated Value-Commor 29100 Nov. 10# 6100 Treasury Stock 6100 Cash Dec. 31 # Income Summary 43500 Retained Earnings 43500 Preferred Stock Balance Credit Debit...
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...
Problem 13-03A a-c (Video) The stockholders' equity accounts of Ayayai Corporation on January 1, 2020, were as follows Preferred Stock (8%, $48 par, 10,000 shares authorized) Common Stock ($1 sta...
Problem 13-03A a-c (Video) The stockholders' equity accounts of Ayayai Corporation on January 1, 2020, were as follows Preferred Stock (8%, $48 par, 10,000 shares authorized) Common Stock ($1 stated value, 1,900,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,000 common shares) $360,000 1,000,000 100,000 1,400,000 1,750,000 40,000 During 2020, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1 Issued...
Need help figuring out the two July 1st balances for preferred stock. Exercise 13-09 a-b (Video)...
Need help figuring out the two July 1st balances for preferred
stock.
Exercise 13-09 a-b (Video) Tran Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 20,000 shares for cash at $53 per share. July 1 Issued 12,000 shares for cash at $57 per share. Your answer is correct....
Problem 15-USA a-c (Part Level Submission) (Video) The stockholders' equity accounts of Riverbed Corporation on January...
Problem 15-USA a-c (Part Level Submission) (Video) The stockholders' equity accounts of Riverbed Corporation on January 1, 2020, were as follows. Enter the beginning balances in the accounts, and post the journal entries to the st Preferred Stock Date Explanation Ref. Debit Credit Balance Preferred Stock (8%, $50 par, 10,500 shares authorized) Common Stock ($1 stated value, 2,100,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,000...
Problem 13-03A a-c (Video) The stockholders' equity accounts of Castle Corporation on January 1, 2020, were...
Problem 13-03A a-c (Video) The stockholders' equity accounts of Castle Corporation on January 1, 2020, were as follows. Preferred stock (8%, $50 par, 10,000 shares authorized) Common Stock ($1 stated value, 2,000,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,000 common shares) $ 400,000 1,000,000 100,000 1,450,000 1,816,000 50,000 During 2020, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1...
The stockholders’ equity accounts of Flint Corporation on January 1, 2020, were as follows. Please help...
The stockholders’ equity accounts of Flint Corporation on
January 1, 2020, were as follows.
Please help me answer this!
Problem 13-03A a-c (Video) The stockholders' equity accounts of Flint Corporation on January 1, 2020, were as follows. Preferred Stock (8%, $52 par, 10,000 shares authorized) Common Stock ($1 stated value, 2,050,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,000 common shares) $ 390,000 1,100,000 135,000 1,400,000...
Problem 13-03A a-c (Part Level Submission) (Video) The stockholders' equity accounts of Riverbed Corporation on January...
Problem 13-03A a-c (Part Level Submission) (Video) The stockholders' equity accounts of Riverbed Corporation on January 1, 2020, were as follows. (b) Enter the beginning balances in the accounts, and post the journal entries to the stockholders' equity accounts. (Use 35 for the posting reference.) in the previous part.) Preferred Stock (8%, $50 par, 10,500 shares authorized) Common Stock ($1 stated value, 2,100,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock...
Blue Spruce Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $49. D...
Blue Spruce Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $49. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 18,500 shares for cash at $59 per share. July 1 Issued 12,000 shares for cash at $63 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented...
can anyone help me out here with General Ledger? Date Account Tities and Explanation Ref. Debit...
can anyone help me out here with General Ledger?
Date Account Tities and Explanation Ref. Debit 175.000 60,000 Cash Kitchen office Common equipment equipment stock bove 241, 0002 2. 10,000 Account Phyable 10,000 act 3 Pre- Paid Cash Rei - LOC 4, 400 oct s Account Recevable Sales Revenue 7,ooo 7,000 oct 5 Cost of good sold/ anvendery 5,000 5,000 at 16 Pre Paid - Cash insurance 3,600 3, boo Account - Cush Payable 10002 oct 10 no jouana) entry...
please help!!
i forgot to add this too
nent Credit Debit Account Titles and Explanation Date 124000 Jan. 1 Cash 24000 Common Stock 100000 Paid-in Capital in Excess of Stated Value-Commor 33400 Apr. 14 Cash 22000 Common Stock 11400 Paid-in Capital from Treasury Stock 34000 Sept. 3 Patents 4900 Common Stock Paid-in Capital in Excess of Stated Value-Commor 29100 Nov. 10# 6100 Treasury Stock 6100 Cash Dec. 31 # Income Summary 43500 Retained Earnings 43500 Preferred Stock Balance Credit Debit...
Problem 13-03A a-c (Video) The stockholders' equity accounts of Ayayai Corporation on January 1, 2020, were as follows Preferred Stock (8%, $48 par, 10,000 shares authorized) Common Stock ($1 stated value, 1,900,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,000 common shares) $360,000 1,000,000 100,000 1,400,000 1,750,000 40,000 During 2020, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1 Issued...
Need help figuring out the two July 1st balances for preferred
stock.
Exercise 13-09 a-b (Video) Tran Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 20,000 shares for cash at $53 per share. July 1 Issued 12,000 shares for cash at $57 per share. Your answer is correct....
Problem 15-USA a-c (Part Level Submission) (Video) The stockholders' equity accounts of Riverbed Corporation on January 1, 2020, were as follows. Enter the beginning balances in the accounts, and post the journal entries to the st Preferred Stock Date Explanation Ref. Debit Credit Balance Preferred Stock (8%, $50 par, 10,500 shares authorized) Common Stock ($1 stated value, 2,100,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,000...
Problem 13-03A a-c (Video) The stockholders' equity accounts of Castle Corporation on January 1, 2020, were as follows. Preferred stock (8%, $50 par, 10,000 shares authorized) Common Stock ($1 stated value, 2,000,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,000 common shares) $ 400,000 1,000,000 100,000 1,450,000 1,816,000 50,000 During 2020, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1...
The stockholders’ equity accounts of Flint Corporation on
January 1, 2020, were as follows.
Please help me answer this!
Problem 13-03A a-c (Video) The stockholders' equity accounts of Flint Corporation on January 1, 2020, were as follows. Preferred Stock (8%, $52 par, 10,000 shares authorized) Common Stock ($1 stated value, 2,050,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,000 common shares) $ 390,000 1,100,000 135,000 1,400,000...
Problem 13-03A a-c (Part Level Submission) (Video) The stockholders' equity accounts of Riverbed Corporation on January 1, 2020, were as follows. (b) Enter the beginning balances in the accounts, and post the journal entries to the stockholders' equity accounts. (Use 35 for the posting reference.) in the previous part.) Preferred Stock (8%, $50 par, 10,500 shares authorized) Common Stock ($1 stated value, 2,100,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock...
Blue Spruce Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $49. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 18,500 shares for cash at $59 per share. July 1 Issued 12,000 shares for cash at $63 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented...
can anyone help me out here with General Ledger?
Date Account Tities and Explanation Ref. Debit 175.000 60,000 Cash Kitchen office Common equipment equipment stock bove 241, 0002 2. 10,000 Account Phyable 10,000 act 3 Pre- Paid Cash Rei - LOC 4, 400 oct s Account Recevable Sales Revenue 7,ooo 7,000 oct 5 Cost of good sold/ anvendery 5,000 5,000 at 16 Pre Paid - Cash insurance 3,600 3, boo Account - Cush Payable 10002 oct 10 no jouana) entry...
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