Noric Cruises Inc. began the month of October with the following balances: Common Stock, $170,000; Additional...
Noric Cruises Inc. began the month of October with the following balances: Common Stock, $170,000; Additional Paid-In Capital, $3,250,000; and Retained Earnings, $12,600,000. During June, Noric issued for cash 30,000 shares of common stock (with a stated value of $1) at $14 per share. Noric reported the following results for the month ended October 31:
| Net income | $2,300,000 |
| Cash dividends declared | 485,000 |
Prepare a statement of stockholders’ equity for the month ended October 31. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of text entries. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign.
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Noric Cruises Inc. began the month of October with the following balances: Common Stock, $170,000; Additional...
Noric Cruises Inc. began the month of October with the following balances: Common Stock, $150,000; Additional...
Noric Cruises Inc. began the month of October with the following balances: Common Stock, $150,000; Additional Paid-In Capital, $3,400,000; and Retained Earnings, $12,600,000. During June, Noric issued for cash 50,000 shares of common stock (with a stated value of $1) at $12 per share. Noric reported the following results for the month ended October 31: Net income $2,000,000 Cash dividends declared 455,000 Prepare a statement of stockholders’ equity for the month ended October 31. If there is a net loss...
Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances:...
Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $120,000; Additional Paid-In Capital, $3,250,000; and Retained Earnings, $12,200,000. During June, Noric issued for cash 60,000 shares of common stock (with a stated value of $1) at $17 per share. Noric reported the following results for the month ended October 31: Net income $2,250,000 Cash dividends declared 495,000 Prepare a statement of stockholders' equity for the month ended October 31. If there...
Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances:...
Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $140,000; Additional Paid-In Capital, $3,000,000; and Retained Earnings, $12,600,000. During June, Noric issued for cash 60,000 shares of common stock (with a stated value of $1) at $13 per share. Noric reported the following results for the month ended October 31: Net income $2,300,000 Cash dividends declared 455,000 Prepare a statement of stockholders' equity for the month ended October 31. If there...
help me with the ones i got wrong please results for the month ended October 31:...
help me with the ones i got wrong please
results for the month ended October 31: Net income $2,350,000 Cash dividends declared 475,000 Prepare a statement of stockholders' equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank. Noric Cruises Inc. Statement of Stockholders' Equity...
Calculator Instruction Labels and Amount Descriptions Statement of Stockholders' Equity Instruction The following information is available...
Calculator Instruction Labels and Amount Descriptions Statement of Stockholders' Equity Instruction The following information is available from the records of Loop Tech, Inc. On January 1, Common Stock had a balance of $50,000, and Retained Earnings had a balance of $342,500. During the year, no additional common stock was issued, and $25,000 of dividends were paid. For the year ended December 31, Loop Tech reported a net loss of $38,700. Required: Prepare a statement of stockholders' equity for the year...
Exam 1 Calculator Instructions Labels and Amount Descriptions Statement of Stockholders' Equity Instructions Labels and Amount...
Exam 1 Calculator Instructions Labels and Amount Descriptions Statement of Stockholders' Equity Instructions Labels and Amount Descriptions The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year are listed below. The common stock was $120,000 and the retained earnings were $60,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock. Labels Expenses Accounts Amount Amount...
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Question 1: Question 2: Exam 1 E Calculator Labels and Amount Descriptions Instructions Balance Sheet х...
Question 1:
Question 2:
Exam 1 E Calculator Labels and Amount Descriptions Instructions Balance Sheet х Labels and Amount Descriptions Instructions Balance Sheet The assets and liabilities of Thompson Computer Services at March 31, the end of Labels Prepare a balance sheet for the current year ended March 31. Be sure to complete the statement heading. the current year, and its revenue and expenses for the year are listed below. The Expenses Refer to the lists of Accounts in the...
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Labels and Amount Descriptions Labels December 31, 2018 Expenses For the Year Ended December 31, 2018...
Labels and Amount Descriptions Labels December 31, 2018 Expenses For the Year Ended December 31, 2018 Amount Descriptions Change in retained earnings Dividend:s Net income Net loss Retained earnings Retained earnings, December 31, 2018 Retained earnings, January 1, 2018 Total assets Total expenses Total liabilities and stockholders' equity Total stockholders' equity Instructions The amounts of the assets and liabilities of Journey Travel Agency at December 31, 2018, the end of the year, and its revenue and expenses for the year...
Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $120,000; Additional Paid-In Capital, $3,250,000; and Retained Earnings, $12,200,000. During June, Noric issued for cash 60,000 shares of common stock (with a stated value of $1) at $17 per share. Noric reported the following results for the month ended October 31: Net income $2,250,000 Cash dividends declared 495,000 Prepare a statement of stockholders' equity for the month ended October 31. If there...
Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $140,000; Additional Paid-In Capital, $3,000,000; and Retained Earnings, $12,600,000. During June, Noric issued for cash 60,000 shares of common stock (with a stated value of $1) at $13 per share. Noric reported the following results for the month ended October 31: Net income $2,300,000 Cash dividends declared 455,000 Prepare a statement of stockholders' equity for the month ended October 31. If there...
help me with the ones i got wrong please
results for the month ended October 31: Net income $2,350,000 Cash dividends declared 475,000 Prepare a statement of stockholders' equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank. Noric Cruises Inc. Statement of Stockholders' Equity...
Calculator Instruction Labels and Amount Descriptions Statement of Stockholders' Equity Instruction The following information is available from the records of Loop Tech, Inc. On January 1, Common Stock had a balance of $50,000, and Retained Earnings had a balance of $342,500. During the year, no additional common stock was issued, and $25,000 of dividends were paid. For the year ended December 31, Loop Tech reported a net loss of $38,700. Required: Prepare a statement of stockholders' equity for the year...
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Question 1:
Question 2:
Exam 1 E Calculator Labels and Amount Descriptions Instructions Balance Sheet х Labels and Amount Descriptions Instructions Balance Sheet The assets and liabilities of Thompson Computer Services at March 31, the end of Labels Prepare a balance sheet for the current year ended March 31. Be sure to complete the statement heading. the current year, and its revenue and expenses for the year are listed below. The Expenses Refer to the lists of Accounts in the...
balances after each transaction for July tollow Assets Liabilities + Stockholders' Equity Accounts Accounts Common Fees Salaries RentAutoSupplies Misc. Cash Receivable +Supplies Payable Stock -Dividends Earned -Expense -Expense -Ex pense -Expense-Expense a 50,000 50,000 7,000+7,000 Bal 50,000 7,000 7,00050,000 c. -3,600 3,600 Bal 46,400 7,000 3,400 50000 d110,000 Bal 156,400 e -33,000 Bal 123,400 1 20,800 al 102,600 9 55,000 Bal 47,600 110,000 7,000 3,400 50,000 110,000 -33,000 7,000 3,400 50,000 110,000 33,000 16,000 4,800 7,0003,40090,000 10,000 33,000 -16,000 4,800...
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