Question

Return to question 11 Listed below are the transactions that affected the shareholders equity of Branch-Rickie Corporation d

Required 1 Required 2 Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactJuly 12, 2019 125,400,000 Retained earnings Common stock Paid-in capital-excess of par Cash 5,000,000 105,000,000 15,400,000Prepare comparative statements of shareholders equity for Branch-Rickie for the three-year period. Net income was $400 milliPlease help me answer this question. I have almost all of it filled out except for a little bit.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Hey Dear,

Hope you are also doing well. Please feel free to ask any of your doubts.

And please excuse my bad hand writings.

ANS-11 Amount in $ Note: I am doing com the incorrect part only. (with proper reference) . Doing all solution does not makesStatement of shareholders Equity the year ended Dec 31, 2018, 2019 and 2020 for Relained Total Share- Earnings holders equity

If you want me to do the full answer, please mention in comment. I will definitely answer the same.

Have a Wonderful Day.

Add a comment
Know the answer?
Add Answer to:
Please help me answer this question. I have almost all of it filled out except for a little bit. We were unable to tran...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • ($ in eees) $120,000 720,000 990,800 Common stock, 120 million shares at $1 par Paid-in capital-excess of par Retained earnings a. November 1, 2018, the board of directors declared a cash divid...

    ($ in eees) $120,000 720,000 990,800 Common stock, 120 million shares at $1 par Paid-in capital-excess of par Retained earnings a. November 1, 2018, the board of directors declared a cash dividend of $0.80 per share on its common shares, payable to shareholders of record November 15, to be paid December 1 b. On March 1, 2019, the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that Branch-Rickie was holding as an investment. The...

  • Listed below are the transactions that affected the shareholders’ equity of Branch-Rickie Corporation during the period...

    Listed below are the transactions that affected the shareholders’ equity of Branch-Rickie Corporation during the period 2018–2020. At December 31, 2017, the corporation’s accounts included: ($ in 000s) Common stock, 116 million shares at $1 par $ 116,000 Paid-in capital—excess of par 696,000 Retained earnings 950,000 November 1, 2018, the board of directors declared a cash dividend of $0.80 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. On March 1,...

  • Listed below are the transactions that affected the shareholders’ equity of Branch-Rickie Corporation during the period...

    Listed below are the transactions that affected the shareholders’ equity of Branch-Rickie Corporation during the period 2021–2023. At December 31, 2020, the corporation’s accounts included: ($ in thousands) Common stock, 104 million shares at $1 par $ 104,000 Paid-in capital—excess of par 618,000 Retained earnings 830,000 November 1, 2021, the board of directors declared a cash dividend of $0.50 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. On March 1,...

  • Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period...

    Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2021-2023. At December 31, 2020, the corporation's accounts included: Common stock, 111 million shares at $1 par Paid-in capital-excess of par Retained earnings ($ in thousands) $111,000 666,000 900,000 a. November 1, 2021, the board of directors declared a cash dividend of $0.50 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. b. On March...

  • The first image is the original question, the rest are the answer choices for each box....

    The first image is the original question, the rest are the answer choices for each box. Question 4 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter's dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. Microsoft has 7.71B shares outstanding. What is the journal entry Microsoft records on...

  • Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period...

    Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2018-2020. At December 31, 2017, the corporation's accounts included: Common stock, 110 million shares at $1 par Paid-in capital-excess of par Retained earnings ($ in 000s) $110,000 660,000 890,000 a. November 1, 2018, the board of directors declared a cash dividend of $0.60 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. b. On March...

  • Please help me fill out these remaining charts on this problem. I have no idea what...

    Please help me fill out these remaining charts on this problem. I have no idea what to put View transaction list View journal entry worksheet Date Account Title Credit No 1 Debit 33 000 Feb 15 Cash Common Stock 33.000 2 May 20 Cash Accounts Receivable Service Revenue 48.000 43.000 91.000 Aug 31 36.000 Salaries Expense Cash 35.000 4 Oct 01 25.000 Prepaid Rent Cash 25.000 5 Nov 17 35.000 Supplies Accounts Payable 35.000 Dec 30 Dividends 3.300 Cash 3.300...

  • Question 4 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors...

    Question 4 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter's dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. Microsoft has 7.71B shares outstanding. What is the journal entry Microsoft records on September 18th, 2019? [Select] What is the journal entry Microsoft records on November 21. 2019? [Select]...

  • Accounting help me ASAP please help me

    The shareholders’ equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows:20202019Share capital, preferred shares, $2 cumulative, 2,000,000 shares   authorized, 25,900 shares issued$181,300$181,300Share capital, 5,000,000 common shares authorized, 1,260,000   common shares issued (2019—1,070,000 shares)5,230,0004,280,000Retained earnings4,202,0003,404,000Total shareholders’ equity$9,613,300$7,865,300During 2020, Deer paid a total of $137,200 in cash dividends.Assume the preferred shares were not in arrears at December 31, 2019. How was the $137,200 in cash dividends distributed between the two types of shares in 2020?PreferredCommon Total2020$ $ $    Assume the preferred share dividends were in arrears for one year; that is, the dividends were...

  • Please help with this accounting problem! I am not sure I have my calculations right! Problem 11-02A The stockholders' e...

    Please help with this accounting problem! I am not sure I have my calculations right! Problem 11-02A The stockholders' equity accounts of Cheyenne Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 6,500 shares authorized) Common Stock ($4 stated value, 390,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (6,500 common shares) $390,000 1,300,000 19,500 624,000 894,400 52,000 During 2022, the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT