Calculator eBook 42,000,000 Retained Eamings At the annual stockholders' meeting on March 31, the board of...
Stock Transactions for Corporate Expansion On December 1 of the current year, the following accounts and their balances appear in the ledger of Latte Corp., a coffee processor: Preferred 2% Stock, $25 par (300,000 shares authorized, 140,000 shares issued) $3,500,000 Paid-In Capital in Excess of Par—Preferred Stock 560,000 Common Stock, $100 par (1,000,000 shares authorized, 340,000 shares issued) 34,000,000 Paid-In Capital in Excess of Par—Common Stock 2,720,000 Retained Earnings 68,000,000 At the annual stockholders' meeting on March 31, the board...
Stock Transactions for Corporate Expansion On December 1 of the current year, the following accounts and their balances appear in the ledger of Latte Corp., a coffee processor: Preferred 1% Stock, $25 par (500,000 shares authorized, 90,000 shares issued) $2,250,000 Paid-In Capital in Excess of Par—Preferred Stock 360,000 Common Stock, $100 par (1,000,000 shares authorized, 300,000 shares issued) 30,000,000 Paid-In Capital in Excess of Par—Common Stock 2,400,000 Retained Earnings 60,000,000 At the annual stockholders' meeting on March 31, the board...
n December 1 of the current year,the tolowing accounts and their balances appear in the ledger of Latite Corp, a coffe processor Preferred 2% Stock, $50 par (240,000 shares authorized, 84,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $35 par (1,000,000 shares authorized, 387,000 shares issued) Paid-In Capital in Excess of Par-Common Stock Retained Earnings $4,200,000 672,000 13,545,000 774,000 197,720,000 At the annual stockholders' meeting on March 31, the board of directors presented a plan for...
Stock Transactions for Corporate Expansion On December 1 of the current year, the following accounts and their balances appear in the ledger of Latte Corp., a coffee processor: Preferred 2% Stock, $75 par (500,000 shares authorized, 150,000 shares issued) $11,250,000 Paid-In Capital in Excess of Par-Preferred Stock 1,800,000 Common Stock, $100 par (700,000 shares authorized, 250,000 shares issued) 25,000,000 Paid-In Capital in Excess of Par-Common Stock 2,000,000 50,000,000 Retained Earnings At the annual stockholders' meeting on March 31, the board...
Pulsar Optics produces medical lasers for use in hospitals. The accounts and their balances appear in the ledger of Pulsar Optics on April 30 of the current year as follows: Preferred 2% Stock, $50 par (500,000 shares authorized, 150,000 shares issued) $7,500,000 Paid-In Capital in Excess of Par—Preferred Stock 1,500,000 Common Stock, $100 par (700,000 shares authorized, 230,000 shares issued) 23,000,000 Paid-In Capital in Excess of Par—Common Stock 1,840,000 Retained Earnings 46,000,000 At the annual stockholders’ meeting on August 5,...
Stock transaction for corporate expansion Pulsar Optics produces medical lasers for use in hospitals. The accounts and their balances appear in the ledger of Pulsar Optics on April 30 of the current year as follows: Preferred 2% Stock, $75 par (300,000 shares authorized, 110,000 shares issued) $8,250,000 Paid-In Capital in Excess of Par—Preferred Stock 1,650,000 Common Stock, $100 par (900,000 shares authorized, 210,000 shares issued) 21,000,000 Paid-In Capital in Excess of Par—Common Stock 1,680,000 Retained Earnings 42,000,000 At the annual...
Stock transaction for corporate expansion Pulsar Optics produces medical lasers for use in hospitals. The accounts and their balances appear in the ledger of Pulsar Optics on April 30 of the current year as follows: Preferred 4% Stock, $50 par (400,000 shares authorized, 100,000 shares issued) $5,000,000 Paid-In Capital in Excess of Par—Preferred Stock 1,000,000 Common Stock, $100 par (800,000 shares authorized, 260,000 shares issued) 26,000,000 Paid-In Capital in Excess of Par—Common Stock 2,080,000 Retained Earnings 52,000,000 At the annual...
Please help with the below journal, instructions and chart of accounts are on second screenshot. thank you Stock transactions for corporate expansion Instructions Chart of Accounts Journal Journal Journalize the entries to record the May transactions. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY Stock transactions for corporate expansion Instructions Chart of Accounts Journal Instructions Chart of Accounts ASSETS REVENUE On December...
Calculator Print Item eBook Alpha Sounds Corp., an electric guitar retailer, was organized by Michele Kirby, Paul Glenn, and Gretchen Northway. The charter authorized 500,000 shares of common stock with a par of $1. The following transactions affecting stockholders' equity were completed during the first year of operations. Journalize the entries to record the transactions. If an amount box does not require an entry, leave it blank. a. Issued 13,500 shares of stock at par to Paul Glenn for cash....
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...