Homework Answers
| Statement showing Stockholder Equity | |
| Common Stock | $1,600 |
| Paid in Capital in Excess of Par- Common | 4800 |
| Total Paid in Capital | $6,400 |
| Retained earnings | $39,000 |
| Less: Treasury Stock | $4,200 |
| Total Stock Holder Equity | $41,200 |
Add Answer to:
Requirement 1. Journalize the purchase of the treasury stock. (Record debits first, then credits. Select the explanatio...
On December 30, Seaside purchased 125 shares of treasury stock at $10 per share. 1.Journalize the...
On December 30, Seaside purchased 125 shares of treasury stock
at $10 per share.
1.Journalize the purchase of the treasury stock.
2.
Prepare the stockholders' equity section of the balance sheet
at December 31, 2018. Assume the balance in retained earnings is
unchanged from November 30.
3.
How many shares of common stock are outstanding after the
purchase of treasury stock?
Data Table Stockholders' Equity Paid-In Capital: Common Stock-$5 Par Value; 1,300 shares authorized, 130 shares issued and outstanding $...
The following information pertains to Ming Corp. at January 1, 2018: Common stock, $8 par, 44,000...
The following information pertains to Ming Corp. at January 1, 2018: Common stock, $8 par, 44,000 shares authorized, 2,500 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $ 20,000 127,300 127,300 Ming Corp. completed the following transactions during 2018: 1. Issued 2300 shares of $8 par common stock for $13 per share. 2. Repurchased 1,800 shares of its own common stock for $16 per sha 3. Resold 1,080 shares of treasury stock at $18...
Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2018, 1...
Nautical has two classes of stock authorized: $10 par preferred,
and $1 par value common. As of the beginning of 2018, 125 shares of
preferred stock and 1,100 shares of common stock have been issued.
The following transactions affect stockholders’ equity during
2018:
March 1 Issue 1,100 additional shares of common stock for $11
per share.
April 1 Issue 175 additional shares of preferred stock for $21
per share.
June 1 Declare a cash dividend on both common and preferred...
The following information pertains to Ming Corp. at January 1, 2018: Common stock, $12 par, 47,000...
The following information pertains to Ming Corp. at January 1, 2018: Common stock, $12 par, 47,000 shares authorized, 3,300 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $39,600 89,700 89,700 Ming Corp. completed the following transactions during 2018: 1. Issued 2500 shares of $12 par common stock for $17 per share. 2. Repurchased 1,200 shares of its own common stock for $20 per sha 3. Resold 720 shares of treasury stock at $22 per...
The following information pertains to Ming Corp. at January 1, 2018: Common stock, $8 par, 60,000...
The following information pertains to Ming Corp. at January 1, 2018: Common stock, $8 par, 60,000 shares authorized, 3,400 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $ 27,200 107,100 107,100 Ming Corp. completed the following transactions during 2018: 1. Issued 2300 shares of $8 par common stock for $13 per share. 2. Repurchased 1,200 shares of its own common stock for $16 per share. 3. Resold 720 shares of treasury stock at $18...
Common Stock, $1 par (2,700,000 shares authorized, 705,000 shares issued and outstanding) $705,000 Paid-in Capital in...
Common Stock, $1 par (2,700,000
shares authorized, 705,000 shares issued and outstanding)
$705,000
Paid-in Capital in Excess of Par
Value
1,430,000
Retained Earnings
684,000
Accumulated Other Comprehensive Income
47,000
During 2022, the following transactions and events
occurred.
1.
Issued 45,500 shares of $1 par
value common stock for $2 per share.
2.
Issued 60,500 shares of common
stock for cash at $5 per share.
3.
Purchased 23,700 shares of common
stock for the treasury at $3.30 per share.
4.
Declared...
Pina Colada Corp. has these accounts at December 31: Common Stock, $10 par, 5,600 shares issued, $56,000; Paid-in Capit...
Pina Colada Corp. has these accounts at December 31: Common Stock, $10 par, 5,600 shares issued, $56,000; Paid-in Capital in Excess of Par Value $19,100; Retained Earnings $44,100; and Treasury Stock, 510 shares, $11,220 Prepare the stockholders' equity section of the balance sheet. Pina Colada Corp. Balance Sheet (Partial)
Pina Colada Corp. has these accounts at December 31: Common Stock, $10 par, 5,600 shares issued, $56,000; Paid-in Capital in Excess of Par Value $19,100; Retained Earnings $44,100; and Treasury Stock,...
Learning Objectives 3, 4, 6 P13-44A Journalizing dividend and treasury stock transactions, preparing a statement of...
Learning Objectives 3, 4, 6 P13-44A Journalizing dividend and treasury stock transactions, preparing a statement of retained earnings, and preparing stockholders' equity The balance sheet of Goldstein Management Consulting, Inc. at December 31, 2017, reported the following stockholders' equity: 2. Retained Earnings Dec. 31, 2018 $126,550 Stockholders' Equity Paid-in Capital: Common Stock-$10 Par Value; 350,000 shares authorized, 32,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Total Paid-in Capital Retained Earnings Total Stockholders' Equity $ 320,000 330,000 650,000...
The following information pertains to JAE Corp. at January 1, 2018: Common stock, $10 par, 20,000 shares authorize...
The following information pertains to JAE Corp. at January 1, 2018: Common stock, $10 par, 20,000 shares authorized, 2,000 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $20,000 15,000 82,000 JAE Corp. completed the following transactions during 2018: 1. Issued 3,000 shares of $10 par common stock for $25 per share. 2. Repurchased 500 shares of its own common stock for $26 per share. 3. Resold 200 shares of treasury stock for $30 per...
On June 30, 2018, swing golf club split its common stock for 2-for-1. Prepare the stockholder's...
On June 30, 2018, swing golf club split its common stock for 2-for-1. Prepare the stockholder's equity section on the balance sheet immediately after the split. assume the balance in retained earnings is unchanged from December 31, 2017 Paid-In Capital: Common Stock—$2 Par Value; 650 shares authorized, 300 shares issued and outstanding $600 Paid-In Capital in Excess of Par—Common 1,200 Total Paid-In Capital 1,800 Retained Earnings 2,300 Total Stockholders' Equity $4,100 Swing Golf Club, Corp. Balance Sheet (Partial) June 30,...
On December 30, Seaside purchased 125 shares of treasury stock
at $10 per share.
1.Journalize the purchase of the treasury stock.
2.
Prepare the stockholders' equity section of the balance sheet
at December 31, 2018. Assume the balance in retained earnings is
unchanged from November 30.
3.
How many shares of common stock are outstanding after the
purchase of treasury stock?
Data Table Stockholders' Equity Paid-In Capital: Common Stock-$5 Par Value; 1,300 shares authorized, 130 shares issued and outstanding $...
The following information pertains to Ming Corp. at January 1, 2018: Common stock, $8 par, 44,000 shares authorized, 2,500 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $ 20,000 127,300 127,300 Ming Corp. completed the following transactions during 2018: 1. Issued 2300 shares of $8 par common stock for $13 per share. 2. Repurchased 1,800 shares of its own common stock for $16 per sha 3. Resold 1,080 shares of treasury stock at $18...
Nautical has two classes of stock authorized: $10 par preferred,
and $1 par value common. As of the beginning of 2018, 125 shares of
preferred stock and 1,100 shares of common stock have been issued.
The following transactions affect stockholders’ equity during
2018:
March 1 Issue 1,100 additional shares of common stock for $11
per share.
April 1 Issue 175 additional shares of preferred stock for $21
per share.
June 1 Declare a cash dividend on both common and preferred...
The following information pertains to Ming Corp. at January 1, 2018: Common stock, $12 par, 47,000 shares authorized, 3,300 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $39,600 89,700 89,700 Ming Corp. completed the following transactions during 2018: 1. Issued 2500 shares of $12 par common stock for $17 per share. 2. Repurchased 1,200 shares of its own common stock for $20 per sha 3. Resold 720 shares of treasury stock at $22 per...
The following information pertains to Ming Corp. at January 1, 2018: Common stock, $8 par, 60,000 shares authorized, 3,400 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $ 27,200 107,100 107,100 Ming Corp. completed the following transactions during 2018: 1. Issued 2300 shares of $8 par common stock for $13 per share. 2. Repurchased 1,200 shares of its own common stock for $16 per share. 3. Resold 720 shares of treasury stock at $18...
Common Stock, $1 par (2,700,000
shares authorized, 705,000 shares issued and outstanding)
$705,000
Paid-in Capital in Excess of Par
Value
1,430,000
Retained Earnings
684,000
Accumulated Other Comprehensive Income
47,000
During 2022, the following transactions and events
occurred.
1.
Issued 45,500 shares of $1 par
value common stock for $2 per share.
2.
Issued 60,500 shares of common
stock for cash at $5 per share.
3.
Purchased 23,700 shares of common
stock for the treasury at $3.30 per share.
4.
Declared...
Pina Colada Corp. has these accounts at December 31: Common Stock, $10 par, 5,600 shares issued, $56,000; Paid-in Capital in Excess of Par Value $19,100; Retained Earnings $44,100; and Treasury Stock, 510 shares, $11,220 Prepare the stockholders' equity section of the balance sheet. Pina Colada Corp. Balance Sheet (Partial)
Pina Colada Corp. has these accounts at December 31: Common Stock, $10 par, 5,600 shares issued, $56,000; Paid-in Capital in Excess of Par Value $19,100; Retained Earnings $44,100; and Treasury Stock,...
Learning Objectives 3, 4, 6 P13-44A Journalizing dividend and treasury stock transactions, preparing a statement of retained earnings, and preparing stockholders' equity The balance sheet of Goldstein Management Consulting, Inc. at December 31, 2017, reported the following stockholders' equity: 2. Retained Earnings Dec. 31, 2018 $126,550 Stockholders' Equity Paid-in Capital: Common Stock-$10 Par Value; 350,000 shares authorized, 32,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Total Paid-in Capital Retained Earnings Total Stockholders' Equity $ 320,000 330,000 650,000...
The following information pertains to JAE Corp. at January 1, 2018: Common stock, $10 par, 20,000 shares authorized, 2,000 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $20,000 15,000 82,000 JAE Corp. completed the following transactions during 2018: 1. Issued 3,000 shares of $10 par common stock for $25 per share. 2. Repurchased 500 shares of its own common stock for $26 per share. 3. Resold 200 shares of treasury stock for $30 per...
Most questions answered within 3 hours.
-
Industry: Telecommunications in India
Here, you need to discuss the sources of the growth pattern
and...
asked 3 minutes ago -
Hydrobromic acid
dissolves solid iron according to the followiaung reaction:
Fe(s)+2HBr(aq)→
FeBr2(aq)+ H2(g)
Part A. What...
asked 1 hour ago -
Verify the following vector identity in SPHERICAL
COORDINATES.
div(curl(A)) = 0
asked 3 hours ago -
The work function (Φ) for a metal is 7.50×10-19 J.
What is the longest wavelength (nm)...
asked 4 hours ago -
1. Would the following procedural changes cause the
calculated mass percent Ni2+ ion in Ni(NH3)nCl2 to...
asked 5 hours ago -
1. Why does the voltage of the capacitor vary with frequency?
where does this missing voltage...
asked 6 hours ago -
p p please write each step out clearly
3. A manager of a company is considering...
asked 5 hours ago -
On October 1, Ebony Ernst organized Ernst Consulting; on October
3, the owner contributed $83,540 in...
asked 7 hours ago -
A.)As an electron moves through a region of space, its speed
decreases from 9.60 × 106...
asked 7 hours ago -
In java with the netbeans program do:
Through object programming
Create a class "ContadorP", which is...
asked 7 hours ago -
Pattern Corporation acquired all of Science
Company's outstanding stock on January 1, 2016 for $600,000 cash....
asked 7 hours ago -
Here are all accounts Tyler Co. maintains.
Tax expenses $4,750
Common stocks $48,840
SG&A expenses $2,500...
asked 7 hours ago