Question

5. The following is the intormation on Aggie Corporations Stockholders Equity. Stockholders Equity December 31, 2005 Commo

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Date General Journal Debit Credit Jan 4 Treasury stock 1,500 Cash 1,500 |(750*2) Dec 15 4,125 Cash dividends Dividends payabl

Add a comment
Know the answer?
Add Answer to:
5. The following is the intormation on Aggie Corporation's Stockholder's Equity. Stockholder's Equity December 31, 2005...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • The stockholders' equity section of Porter Corporation's balance sheet as of December 31, 2018 is...

    The stockholders' equity section of Porter Corporation's balance sheet as of December 31, 2018 is as follows: 8% Cumulative, Participative, Convertible Preferred Stocks, $75 par value: authorized, 500,000 shares; issued, 100,000 shares $7,500,000 Common stock, $12 stated value; authorized, 4,000,000 shares; issued, 400,000 shares         4,800,000 Paid-in capital in excess of par value – preferred stocks 2,000,000 Paid-in capital in excess of stated value – common stocks 2,400,000 Retained Earnings 9,000,000 The following events occurred during 2018: Jan. 5             35,000 shares...

  • Izzy Corporation was organized on January 1, 2016. $4,000,000 is the beginning balance of stockholder's equity...

    Izzy Corporation was organized on January 1, 2016. $4,000,000 is the beginning balance of stockholder's equity as of Jan. 1, 2016. During 2016, Izzy had the following common stock transactions: Jan. 4: Issued 100,000 shares @ $24 per share. Apr. 8: Issued 200,000 shares @ $28 per share. July 29: Purchased 40,000 shares (treasury) @ $40 per share. Izzy had no other transactions affecting common stock. And Izzy had net income $ 1,500,000 At December 31, 2016, what is the...

  • Stockholders Equity: Transactions and Balance Sheet Presentation The stockholder's equity accounts of Cooper Corporation at January...

    Stockholders Equity: Transactions and Balance Sheet Presentation The stockholder's equity accounts of Cooper Corporation at January 1 follow: Common stock, $1 par value, 350,000 shares authorized; 150,000 shares issued and outstanding....................................... $150,000 Paid-in capital in excess of par value............................................... $600,000 Retained earnings............................................................................ $366,000 During the year, the following transactions occurred: Jan 5.) Issued 20,000 shares of common stock for $15 cash per share Jan 18.) Purchased 4000 shares of common stock as treasury stock at $14 cash per share Mar...

  • General Corporation’s ledger includes the following account balances at December 31, 2005:  ...

    General Corporation’s ledger includes the following account balances at December 31, 2005:    Common Stock, $1 par value, 100,000 shares issued        100,000 Add’l Paid-in Capital in Excess of Par Value, Common       800,000 Preferred Stock, 10%, $60 par value, 10,000 shares issued       600,000 Add’l Paid-in Capital in Excess of Par Value, Preferred       300,000 Retained Earnings       500,000 Treasury Stock, Common, 1,000 shares       100,000 1.The balance sheet prepared at December 31, 2005, would report total legal capital of: 2.The balance sheet prepared at December...

  • PROBLEM 1. The stockholders' equity section of Dobroskey Corporation's balance sheet as of December 31, 2019...

    PROBLEM 1. The stockholders' equity section of Dobroskey Corporation's balance sheet as of December 31, 2019 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 The following events occurred during 2020: - Jan. 5: 20,000 shares of authorized...

  • The Shareholders’ Equity section of Hamilton Design Company’s December 31, 2019, balance sheet ap...

    The Shareholders’ Equity section of Hamilton Design Company’s December 31, 2019, balance sheet appeared as follows: Contributed Capital: Preferred stock, 6%, $100 par (10,000 shares authorized, 1,250 shares issued) $125,000 Additional paid-in capital on preferred stock $55,000 Common stock, $10 par (60,000 shares authorized, 15,000 shares issued $150,000 Additional paid-in capital on common stock $105,000 Total contributed capital $435,000 Retained earnings $78,000 Contributed capital and retained earnings $513,000 Less: Treasury Stock (300 shares of common at $14 per share) ($4,200)...

  • P11-10A. Stockholders' Equity: Transactions and Statement The stockholders' equity section of Corporation's balance sheet at January...

    P11-10A. Stockholders' Equity: Transactions and Statement The stockholders' equity section of Corporation's balance sheet at January 1 follows: $ 300,000 Common stock, $5 par value, 300,000 shares authorized, 60,000 shares Issued, 6,000 shares in treasury.. Additional paid-in capital. ... In excess of par value.... From treasury stock ... Retained earnings .. $480,000 30,000 510,000 348,000 1,158,000 138,000 $1,020,000 Less: Treasury stock (6,000 shares) at cost..... The following transactions affecting stockholders' equity occurred during the year: Jan. 8 Mar. 12 June...

  • The Russell Corporation stockholder's equity consisted of the following on 1/1/20: Stockholder's Equity Paid in Capital...

    The Russell Corporation stockholder's equity consisted of the following on 1/1/20: Stockholder's Equity Paid in Capital 8% Preferred Stock, $100 par value, cumulative, 50.000 shares authorized, 30,000 shares issued and outstanding $ 3,000,000 In excess of par on preferred stock $ 300,000 Total Paid-in-Capital from Preferred Stock $ 3,300,000 Common Stock, no par, $25 stated value, 1,000,000 shares authorized 400.000 shares issued and outstanding 10,000,000 In excess of stated value on common stock $ 600.000 Total Paid-in-Capital from Common Stock...

  • The balance sheet of Consolidated Paper, Inc., included the following shareholders' equity accounts at December 31,...

    The balance sheet of Consolidated Paper, Inc., included the following shareholders' equity accounts at December 31, 2020: Paid-in capital: Preferred stock, 8.8%, 90,000 shares at $1 par Common stock, 364,000 shares at $1 par Paid-in capital-excess of par, preferred Paid-in capital-excess of par, common Retained earnings Treasury stock, at cost: 4,000 common shares Total shareholders' equity 90,000 364,000 1,437,000 2,574.000 9,735,000 (44,000) $14,156,000 During 2021, several events and transactions affected the retained earnings of Consolidated Paper. Required: 1. Prepare the...

  • The stockholders' equity section of Thomas Corporation's balance sheet at December 31, 2018, appears below:            ...

    The stockholders' equity section of Thomas Corporation's balance sheet at December 31, 2018, appears below:                         Preferred Stock, 6%, $15 stated value, 50,000 shares authorized;                         10,000 issued and outstanding                                                                  150,000             Paid-in capital in excess of stated value-preferred stock                                      30,000             Common stock, $10 par value, 400,000 shares authorized;                      250,000 issued and outstanding                                                                2,500,000             Paid-in capital in excess of par value-common stock                                      1,200,000             Retained earnings                                                                                                  600,000             During 2019, the following stock transactions...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT