Homework Answers
Answer
common stock = $1000000
shares outstanding= 1000000
Par value= value of stock price/ no.of shares outstanding
= 1000000/1000000=1 answer
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The common stock account is at $1,000,000, capital in excess of par is $500,000 and retained...
Cash Common stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Organization...
Cash Common stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 225.000 Check 45,000 190.000 150.000 60.000 Cash Accounts Receivable Bailding Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Valve Commons Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 45,500 16,000 82.700 59,700 54,500 30.000 134.000 77.000 57.000...
Connon stock, $10 par value Paid-in capital in excess of par value, common stock Retained earnings $ 420,00 100,00...
Connon stock, $10 par value Paid-in capital in excess of par value, common stock Retained earnings $ 420,00 100,000 340,000 In the fourth quarter, the following entries related to its equity are recorded. Date Oct. 2 Credit General Journal Retained Earnings Common Dividend Payable Debit 60,000 60,000 Oct. 25 Common Dividend Payable Cash 60,000 60,000 Oct. 31 83,000 Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Conmon Stock 40,000 43,000 Nov. 5 Common Stock Dividend...
Marigold Company's balance sheet shows: Common stock, $20 par Paid-in capital in excess of par Retained...
Marigold Company's balance sheet shows: Common stock, $20 par Paid-in capital in excess of par Retained earnings $3,200,000 1,010,000 790,000 Record the following transactions by the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no ent "No Entry" for the account titles and enter o for the amounts.) (a) (b) (c) Bought 7,800 shares of its common stock at $36 a share. Sold 4,100 treasury shares at $38 a share. Sold...
common stock:800000 ($2 par) , paid in capital in excess 400,000, retained earnings balance 1/1: 500000,...
common stock:800000 ($2 par) , paid in capital in excess 400,000, retained earnings balance 1/1: 500000, retained earnings bal 12/31: 630,000. dividends declared and paid 100,000. how many shares of stock issued and outstanding.
journal entry for event: Common Stock, $10 Par Value $400,000 Paid-In Capital in Excess of Par:...
journal entry for event: Common Stock, $10 Par Value $400,000 Paid-In Capital in Excess of Par: Common 600,000 Paid-In Capital, Treasury Stock 5,000 Paid-In Capital, Stock Options 200,000 Retained Earnings 1,200,000 Treasury Stock (5,000 shares) (100,000) Total Stockholders’ Equity $2,305,000 November 1: Corrected an error that was made several years ago, when land that had been purchased for $60,000 was inadvertently expensed There were 500,000 shares authorized for both preferred and common stock
1 Problems General Journal Debit 299,000 Credit Common Stock, $25 Par Value Paid In Capital in...
1 Problems General Journal Debit 299,000 Credit Common Stock, $25 Par Value Paid In Capital in Excess of Par Value, Common Stock 215,000 55,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 170,000 128,000 42,00 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paldin Capital in Excess of Par Value, Common Stock 45,500 17.500 32,700 59,800 55,90 30,000 d. Cash C ostock, 525 Par Value Paldin Capital in Excess...
Common Stock, $5.00 par, 207,000 shares authorized, 172,000 shares issued Paid in Capital in Excess of...
Common Stock, $5.00 par, 207,000 shares authorized, 172,000 shares issued Paid in Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity $860,000 205,000 229,000 $1.294,000 Which of the following is included in the entry to record the corporation's purchase of 40,000 shares of its common O A Retained Earnings is debited for $580,000 CIO B. Paid - In Capital from Treasury Stock Transactions is credited for $300,000 O C. Treasury Stock-Common is debited for $580,000 O D. Common Stock-$5.00...
1. (10 points) A company reports the following stockholders' equity: Common stock, $2 par, 5,000,000 shares...
1. (10 points) A company reports the following stockholders' equity: Common stock, $2 par, 5,000,000 shares authorized Paid-in capital in excess of par, Common stock Total paid-in capital Retained earnings Total stockholders' equity 1300,000 $4,300,000 し400.000 $5.700,000 Compute the (1) number of common shares outstanding and (2) book value per common share. 2. (10 points) On August 1, a company's board of directors declared a 10% stock dividend to be distributed on September 1 to the stockholders of record on...
Question 7 1.25 pts Preferred Stock, 7%, $115 par $1,170,000 Common Stock, $1.50 par 300,000 Paid...
Question 7 1.25 pts Preferred Stock, 7%, $115 par $1,170,000 Common Stock, $1.50 par 300,000 Paid in capital in excess of par, common stock 1,200,000 Retained earnings 2.500.000 Total $5,170,000 Based on the information above, how many shares of common stock are classified as issued? 1,500,000 1,000,000 300,000 200,000
Sarasota Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par...
Sarasota Company has two classes of capital stock outstanding:
8%, $20 par preferred and $5 par common. At December 31, 2020, the
following accounts were included in stockholders’ equity.
Preferred Stock, 148,200 shares
$ 2,964,000
Common Stock, 1,991,000 shares
9,955,000
Paid-in Capital in Excess of Par—Preferred Stock
207,000
Paid-in Capital in Excess of Par—Common Stock
26,478,000
Retained Earnings
4,495,000
The following transactions affected stockholders’ equity during
2021.
Jan. 1
29,200 shares of preferred stock issued at $23 per share.
Feb....
Cash Common stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 225.000 Check 45,000 190.000 150.000 60.000 Cash Accounts Receivable Bailding Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Valve Commons Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 45,500 16,000 82.700 59,700 54,500 30.000 134.000 77.000 57.000...
Connon stock, $10 par value Paid-in capital in excess of par value, common stock Retained earnings $ 420,00 100,000 340,000 In the fourth quarter, the following entries related to its equity are recorded. Date Oct. 2 Credit General Journal Retained Earnings Common Dividend Payable Debit 60,000 60,000 Oct. 25 Common Dividend Payable Cash 60,000 60,000 Oct. 31 83,000 Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Conmon Stock 40,000 43,000 Nov. 5 Common Stock Dividend...
Marigold Company's balance sheet shows: Common stock, $20 par Paid-in capital in excess of par Retained earnings $3,200,000 1,010,000 790,000 Record the following transactions by the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no ent "No Entry" for the account titles and enter o for the amounts.) (a) (b) (c) Bought 7,800 shares of its common stock at $36 a share. Sold 4,100 treasury shares at $38 a share. Sold...
1 Problems General Journal Debit 299,000 Credit Common Stock, $25 Par Value Paid In Capital in Excess of Par Value, Common Stock 215,000 55,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 170,000 128,000 42,00 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paldin Capital in Excess of Par Value, Common Stock 45,500 17.500 32,700 59,800 55,90 30,000 d. Cash C ostock, 525 Par Value Paldin Capital in Excess...
Common Stock, $5.00 par, 207,000 shares authorized, 172,000 shares issued Paid in Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity $860,000 205,000 229,000 $1.294,000 Which of the following is included in the entry to record the corporation's purchase of 40,000 shares of its common O A Retained Earnings is debited for $580,000 CIO B. Paid - In Capital from Treasury Stock Transactions is credited for $300,000 O C. Treasury Stock-Common is debited for $580,000 O D. Common Stock-$5.00...
1. (10 points) A company reports the following stockholders' equity: Common stock, $2 par, 5,000,000 shares authorized Paid-in capital in excess of par, Common stock Total paid-in capital Retained earnings Total stockholders' equity 1300,000 $4,300,000 し400.000 $5.700,000 Compute the (1) number of common shares outstanding and (2) book value per common share. 2. (10 points) On August 1, a company's board of directors declared a 10% stock dividend to be distributed on September 1 to the stockholders of record on...
Question 7 1.25 pts Preferred Stock, 7%, $115 par $1,170,000 Common Stock, $1.50 par 300,000 Paid in capital in excess of par, common stock 1,200,000 Retained earnings 2.500.000 Total $5,170,000 Based on the information above, how many shares of common stock are classified as issued? 1,500,000 1,000,000 300,000 200,000
Sarasota Company has two classes of capital stock outstanding:
8%, $20 par preferred and $5 par common. At December 31, 2020, the
following accounts were included in stockholders’ equity.
Preferred Stock, 148,200 shares
$ 2,964,000
Common Stock, 1,991,000 shares
9,955,000
Paid-in Capital in Excess of Par—Preferred Stock
207,000
Paid-in Capital in Excess of Par—Common Stock
26,478,000
Retained Earnings
4,495,000
The following transactions affected stockholders’ equity during
2021.
Jan. 1
29,200 shares of preferred stock issued at $23 per share.
Feb....
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