Homework Answers
Balance sheet (partial)
December 31
| Paid in capital | ||
| Common Stock | 60000 | |
| Paid in capital in excess of par value | 18500 | |
| Total paid in capital | 78500 | |
| Retained earnings | 43500 | |
| Total | 122000 | |
| Less: Treasury stock | -9900 | |
| Total Stockholder's equity | 112100 |
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Flounder Corp. has these accounts at December 31: Common Stock $12 par 5.000 shares wed, $60,000....
Novak Corp. has these accounts at December 31: Common Stock, $12 par, 5,500 shares issued, $66,000;...
Novak Corp. has these accounts at December 31: Common Stock, $12 par, 5,500 shares issued, $66,000; Paid-in Capital in Excess of Par Value $19,000; Retained Earnings $44,000; and Treasury Stock, 500 shares, $11,000. Prepare the stockholders' equity section of the balance sheet. Novak Corp. Balance Sheet (Partial) December 31
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,...
Ayayai Corp. has these accounts at December 31: Common Stock, $10 par, 4,500 shares issued, $45,000;...
Ayayai Corp. has these accounts at December 31: Common Stock,
$10 par, 4,500 shares issued, $45,000; Paid-in Capital in Excess of
Par Value $18,000; Retained Earnings $43,000; and Treasury Stock,
400 shares, $8,800.
Prepare the stockholders’ equity section of the balance
sheet.
Ayayai Corp. Balance Sheet (Partial) December 31
Pina Colada Corp. has these accounts at December 31: Common Stock, $10 par, 5,600 shares issued,...
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)
Si Corp. has these accounts at December 31: Common Stock, $ 10 pa 480 shares, $...
Si Corp. has these accounts at December 31: Common Stock, $ 10 pa 480 shares, $ 10,560. r, $,300 shares issued $ 53.000, Paid-in Capital in Excess of Par Value$ 18,800: Retained Earnings $.43,800: and Prepare the stockholders' equity section of the balance sheet Martinez Corp. Balance Sheet (Partial)
Pine Corporation has the following accounts at December 31: Common Stock, $9 par, 5,000 shares issued,...
Pine Corporation has the following accounts at December 31: Common Stock, $9 par, 5,000 shares issued, $45,000; Paid-in Capital in Excess of Par-Common Stock $32,000; Retained Earnings $50,000; and Treasury Stock, 600 shares, $14,400. Prepare the stockholders' equity section of the balance sheet. (Enter the account name only and do not provide the descriptive information provided in the question PINE CORPORATION Balance Sheet (Partial)
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...
Summit Apparel has the following accounts at December 31: Common Stock $1 par value, 1,300,000 shares...
Summit Apparel has the following accounts at December 31: Common Stock $1 par value, 1,300,000 shares issued: Additional Paid-in Capital, $16.70 million; Retained Earnings. 59.70 million, and Treasury Stock. 47.000 shares, $1.034 million, Prepare the stockholders' equity section of the balance sheet. (Amounts to be deducted should be Indicated by a minus sign. Enter your answer in dollars, not millions. For example, $5.5 million should be entered as 5,500,000.) SUMMIT APPAREL Balance Sheet (Stockholders' Equity Section) December 31 Stockholders' equity...
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...
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...
Novak Corp. has these accounts at December 31: Common Stock, $12 par, 5,500 shares issued, $66,000; Paid-in Capital in Excess of Par Value $19,000; Retained Earnings $44,000; and Treasury Stock, 500 shares, $11,000. Prepare the stockholders' equity section of the balance sheet. Novak Corp. Balance Sheet (Partial) December 31
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,...
Ayayai Corp. has these accounts at December 31: Common Stock,
$10 par, 4,500 shares issued, $45,000; Paid-in Capital in Excess of
Par Value $18,000; Retained Earnings $43,000; and Treasury Stock,
400 shares, $8,800.
Prepare the stockholders’ equity section of the balance
sheet.
Ayayai Corp. Balance Sheet (Partial) December 31
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)
Si Corp. has these accounts at December 31: Common Stock, $ 10 pa 480 shares, $ 10,560. r, $,300 shares issued $ 53.000, Paid-in Capital in Excess of Par Value$ 18,800: Retained Earnings $.43,800: and Prepare the stockholders' equity section of the balance sheet Martinez Corp. Balance Sheet (Partial)
Pine Corporation has the following accounts at December 31: Common Stock, $9 par, 5,000 shares issued, $45,000; Paid-in Capital in Excess of Par-Common Stock $32,000; Retained Earnings $50,000; and Treasury Stock, 600 shares, $14,400. Prepare the stockholders' equity section of the balance sheet. (Enter the account name only and do not provide the descriptive information provided in the question PINE CORPORATION Balance Sheet (Partial)
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...
Summit Apparel has the following accounts at December 31: Common Stock $1 par value, 1,300,000 shares issued: Additional Paid-in Capital, $16.70 million; Retained Earnings. 59.70 million, and Treasury Stock. 47.000 shares, $1.034 million, Prepare the stockholders' equity section of the balance sheet. (Amounts to be deducted should be Indicated by a minus sign. Enter your answer in dollars, not millions. For example, $5.5 million should be entered as 5,500,000.) SUMMIT APPAREL Balance Sheet (Stockholders' Equity Section) December 31 Stockholders' equity...
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...
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...
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