Homework Answers
1. Preparation of journal entries of mountain's transactions.
2. Computation of overall effect of these transactions on mountain's stockholders equity.
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At December 31, 2018, Mountain Corporation reported the stockholders' equity accounts shown here (with dollar amounts...
At December 31, 2018, Eastern Corporation reported the stockholders' equity accounts shown here (with dollar amounts...
At December 31, 2018, Eastern Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). (Click the icon to view the data.) Eastern's 2019 transactions included A (Click the icon to view the transactions.) Requirements 1. Journalize Eastern's transactions in parts b, c, d, and e. Explanations are not required. 2. What was the overall effect of these transactions (parts a-e) on Eastern's stockholders' equity? Requirement 1. Journalize Eastern's transactions in b, c, d,...
At December 31, 2017, Azer Corp. reported the following stockholders' equity: Click on the icon to...
At December 31, 2017, Azer Corp. reported the following stockholders' equity: Click on the icon to view the stockholders' equity.) During 2018, Azer Corp. complete 1 (Click on the icon to view the Additional Requirement 1. Prepare Azer's statement of sto Total Treasury stockholders' stock equity Common Stock paid-in capital Retained earnings | IM Choose from any list or enter any number in the input fields and then continue to the next question. 900,000 130,000 Paid-in capital: Common stock, $10...
Cheyenne Company reported the following amounts in the stockholders' equity section of its December 31, 2016,...
Cheyenne 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) Additional paid-in capital Retained earnings 103,500 114,000 423,000 $820,500 Total During 2017, Cheyenne 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...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 112,000 16,520 Contributed Capital Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-par; authorized 20,000 shares, issued and outstanding 6,400 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost 665,600 34,000 (9,700) Assume that no shares of treasury stock have been sold in the past....
Vaughn Company reported the following amounts in the stockholders' equity section of its December 31, 2019,...
Vaughn Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 11%, $100 par (10,000 shares authorized, 2,000 shares issued) $200,000 Common stock, $5 par (92,500 shares authorized, 18,500 shares issued) 92,500 Additional paid-in capital 120,000 Retained earnings 413,000 Total $825,500 During 2020, Vaughn took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 $11 per share dividend on preferred stock and a $2 per share dividend...
Vaughn Company reported the following amounts in the stockholders' equity section of its December 31, 2019,...
Vaughn Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 11%, $100 par (10,000 shares authorized, 2,000 shares issued) $200,000 Common stock, $5 par (92,500 shares authorized, 18,500 shares issued) 92,500 Additional paid-in capital 120,000 Retained earnings 413,000 Total $825,500 During 2020, Vaughn took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 $11 per share dividend on preferred stock and a $2 per share dividend...
Oriole Company reported the following amounts in the stockholders' equity section of its December 31, 2019,...
Oriole Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 9%, $100 par (10,000 shares authorized, 2,000 shares issued) $200,000 Common stock, $5 par (102,000 shares authorized, 20,400 shares issued) 102,000 Additional paid-in capital 120,000 Retained earnings 495,000 Total $917,000 During 2020, Oriole took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 $9 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 section on the December 31 balance sheet of Chemfast Corporation reported the following...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 108,000 15,390 Contributed Capital Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-par; authorized 20,000 shares, issued and outstanding 6,200 shares) Retained Earnings Treasury Stock 1.000 preferred shares at cost 632,400 32,000 (9,600 ) Assume that no shares of treasury stock have been sold in the...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 124,000 20,150 Contributed Capital Preferred Stock (par $ 20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-par; authorized 20,000 shares, issued and outstanding 7,000 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost 770,000 40,000 (10,000) Assume that no shares of treasury stock have been sold in the...
At December 31, 2018, Eastern Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). (Click the icon to view the data.) Eastern's 2019 transactions included A (Click the icon to view the transactions.) Requirements 1. Journalize Eastern's transactions in parts b, c, d, and e. Explanations are not required. 2. What was the overall effect of these transactions (parts a-e) on Eastern's stockholders' equity? Requirement 1. Journalize Eastern's transactions in b, c, d,...
At December 31, 2017, Azer Corp. reported the following stockholders' equity: Click on the icon to view the stockholders' equity.) During 2018, Azer Corp. complete 1 (Click on the icon to view the Additional Requirement 1. Prepare Azer's statement of sto Total Treasury stockholders' stock equity Common Stock paid-in capital Retained earnings | IM Choose from any list or enter any number in the input fields and then continue to the next question. 900,000 130,000 Paid-in capital: Common stock, $10...
Cheyenne 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) Additional paid-in capital Retained earnings 103,500 114,000 423,000 $820,500 Total During 2017, Cheyenne 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...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 112,000 16,520 Contributed Capital Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-par; authorized 20,000 shares, issued and outstanding 6,400 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost 665,600 34,000 (9,700) Assume that no shares of treasury stock have been sold in the past....
Vaughn Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 11%, $100 par (10,000 shares authorized, 2,000 shares issued) $200,000 Common stock, $5 par (92,500 shares authorized, 18,500 shares issued) 92,500 Additional paid-in capital 120,000 Retained earnings 413,000 Total $825,500 During 2020, Vaughn took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 $11 per share dividend on preferred stock and a $2 per share dividend...
Vaughn Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 11%, $100 par (10,000 shares authorized, 2,000 shares issued) $200,000 Common stock, $5 par (92,500 shares authorized, 18,500 shares issued) 92,500 Additional paid-in capital 120,000 Retained earnings 413,000 Total $825,500 During 2020, Vaughn took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 $11 per share dividend on preferred stock and a $2 per share dividend...
Oriole Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 9%, $100 par (10,000 shares authorized, 2,000 shares issued) $200,000 Common stock, $5 par (102,000 shares authorized, 20,400 shares issued) 102,000 Additional paid-in capital 120,000 Retained earnings 495,000 Total $917,000 During 2020, Oriole took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 $9 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, 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 section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 108,000 15,390 Contributed Capital Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-par; authorized 20,000 shares, issued and outstanding 6,200 shares) Retained Earnings Treasury Stock 1.000 preferred shares at cost 632,400 32,000 (9,600 ) Assume that no shares of treasury stock have been sold in the...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 124,000 20,150 Contributed Capital Preferred Stock (par $ 20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-par; authorized 20,000 shares, issued and outstanding 7,000 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost 770,000 40,000 (10,000) Assume that no shares of treasury stock have been sold in the...
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