The following table shows the stockholders' equity account for Verataco Company at December 31, 2016. Stockholders'...

Question

Question

The following table shows the stockholders equity account for Verataco Company at December 31, 2016. Stockholders Equity Co

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Statement showing Sckholder Equity
Common Stock	$1,800,000
Preferred Stock	125000
Paid-in capital in excess of par value - Common	$880,000
Paid-in capital in excess of par value - Preferred Stock	$55,000
Paid-in capital in excess of par value - Treasury Stock	$3,000
Total Paid in Capital	$2,863,000
Retained earnings	$708,900
Less: Treasury Share	-$40,000
Total Stock Holder Equity as on 31 Dec 2018	$3,531,900

Date	Common Stock	+	Preferred Stock	+	Paid In capital in Excess of Par - Common	+	Paid in Capital in Excess of Par- Preferred stock	+	Paid in Capital in Excess of Par- Treasury Stock	+	Retained Earning	-	Treasury Stock
Beg Bal	$1,750,000				$800,000						$634,000
5-Jan	$50,000				$80,000
18-Jan													$64,000
22-Mar									$3,000				-$16,000
17-Jul											-$2,000		-$8,000
1-Oct			$125,000				$55,000
31-Dec											$76,900
Total	$1,800,000		$125,000		$880,000		$55,000		$3,000		$708,900		$40,000

Add a comment

Answer 2

Similar Homework Help Questions

The following table shows the stockholders' equity account for Verataco Company at December 31, 2016. Stockholders'...

The following table shows the stockholders' equity account for Verataco Company at December 31, 2016. Stockholders' Equity Common stock, $5 par, 500,000 shares authorized; 350,000 shares issued and outstanding Paid-in capital in excess of par value Retained earnings 1,750,000 800,000 634,000 During 2017, the following transactions occurred: January 5 Issued 10,000 shares of common stock for $13 cash per share January 18 Repurchased 4,000 shares of common stock at $16 cash per share March 22 Sold 1,000 of the treasury...
Identifying and Analyzing Financial Statement Effects of Stock Transactions The stockholders' equity of Verrecchia Company at...

Identifying and Analyzing Financial Statement Effects of Stock Transactions The stockholders' equity of Verrecchia Company at December 31, 2016, follows: Common stock, $5 par value, 500,000 shares authorized; 350,000 shares issued and outstanding $1,750,000 Paid-in capital in excess of par value 800,000 Retained earnings 634,000 During 2017, the following transactions occurred: Jan. 5 Issued 10,000 shares of common stock for $13 cash per share. Jan. 18 Repurchased 4,000 shares of common stock at $16 cash per share. Mar. 12 Sold...
assuming that the company reports fects of stock-based compensation Accome the company P8-52. Identifying and Analyzing...

assuming that the company reports fects of stock-based compensation Accome the company P8-52. Identifying and Analyzing Financial Statement Effects of Stock Transactions The stockholders' equity of Verrecchia Company at December 31, 2016. follows. Common stock, $5 par value, 500,000 shares authorized: 350,000 shares issued and outstanding Paid-in capital in excess of par value. Retained earnings LO1 $1,750,000 800,000 634.000 Mar. 12 July 17 Oct. 1 During 2017, the following transactions occurred. Jan. 5 Issued 10,000 shares of common stock for...

Identifying and Analyzing Financial Statement Effects of Stock Transactions The stockholders' equity section of Medi na...

Identifying and Analyzing Financial Statement Effects of Stock Transactions The stockholders' equity section of Medi na Company at December 31, 2016, follows. .... $210,000 8% preferred stock, $25 par value, 50,000 shares authorized; 8,400 shares issued and outstanding........ Common stock, $10 par value, 200,000 shares authorized; 50,000 shares issued and outstanding........ Paid-in capital in excess of par value-preferred stock. ......... Paid-in capital in excess of par value-common stock. .......... Retained earnings ... 500,000 85,000 300,000 370,000 During 2017, the following...
Ayayai Company reported the following amounts in the stockholders’ equity section of its December 31, 2016,...

Ayayai Company reported the following amounts in the stockholders’ equity section of its December 31, 2016, balance sheet. Preferred stock, 10%, $100 par (10,000 shares authorized, 1,800 shares issued) $180,000 Common stock, $5 par (93,000 shares authorized, 18,600 shares issued) 93,000 Additional paid-in capital 130,000 Retained earnings 467,000 Total $870,000 During 2017, Ayayai took part in the following transactions concerning stockholders’ equity. 1. Paid the annual 2016 $10 per share dividend on preferred stock and a $2 per share dividend...
Eugene Inc.’s statement of stockholders’ equity on December 31, 2016 is as follows: 5% cumulative preferred...

Eugene Inc.’s statement of stockholders’ equity on December 31, 2016 is as follows: 5% cumulative preferred stock, $75 par,10,000 shares authorized; 6,000 shares issued and outstanding $450,000 Common stock, $1 par, 500,000 share authorized; 385,000 shares issued and outstanding 385,000 Paid-in capital in excess of par - Preferred stock 25,000 Paid-in capital in excess of par - Common stock 2,045,000 Retained earnings 220,000 Total stockholders’ equity $3,125,000 The following transactions occurred during 2017: Instruction: Prepare Journal entries for each of...

Sage Company reported the following amounts in the stockholders’ equity section of its December 31, 2016,...

Sage Company reported the following amounts in the stockholders’ equity section of its December 31, 2016, balance sheet. Preferred stock, 10%, $100 par (10,000 shares authorized, 1,800 shares issued) $180,000 Common stock, $5 par (103,500 shares authorized, 20,700 shares issued) 103,500 Additional paid-in capital 114,000 Retained earnings 423,000 Total $820,500 During 2017, Sage took part in the following transactions concerning stockholders’ equity. 1. Paid the annual 2016 $10 per share dividend on preferred stock and a $2 per share dividend...
Ayayai Company reported the following amounts in the stockholders’ equity section of its December 31, 2016,...

Ayayai Company reported the following amounts in the stockholders’ equity section of its December 31, 2016, balance sheet. Preferred stock, 10%, $100 par (10,000 shares authorized, 1,800 shares issued) $180,000 Common stock, $5 par (93,000 shares authorized, 18,600 shares issued) 93,000 Additional paid-in capital 130,000 Retained earnings 467,000 Total $870,000 During 2017, Ayayai took part in the following transactions concerning stockholders’ equity. 1. Paid the annual 2016 $10 per share dividend on preferred stock and a $2 per share dividend...
Ayayai Company reported the following amounts in the stockholders’ equity section of its December 31, 2016,...

Ayayai Company reported the following amounts in the stockholders’ equity section of its December 31, 2016, balance sheet. Preferred stock, 10%, $100 par (10,000 shares authorized, 1,800 shares issued) $180,000 Common stock, $5 par (93,000 shares authorized, 18,600 shares issued) 93,000 Additional paid-in capital 130,000 Retained earnings 467,000 Total $870,000 During 2017, Ayayai took part in the following transactions concerning stockholders’ equity. 1. Paid the annual 2016 $10 per share dividend on preferred stock and a $2 per share dividend...

The stockholders' equity of Hammel Company at December 31, 2016, is shown below. 5% preferred stock,...

The stockholders' equity of Hammel Company at December 31, 2016, is shown below. 5% preferred stock, $100 par value, 10,000 shares authorized; 6,000 shares issued and outstanding $600,000 Common stock, $5 par value, 200,000 shares authorized; 70,000 shares issued and outstanding 350,000 Paid-in capital in excess of par value—preferred stock 50,000 Paid-in capital in excess of par value—common stock 400,000 Retained earnings 747,000 Total stockholders' equity $2,147,000 The following transactions, among others, occurred during 2017: Apr. 1 Declared and issued...

The following table shows the stockholders' equity account for Verataco Company at December 31, 2016. Stockholders'...

Homework Answers