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| Common Stock | Additional Paid-in Capital | Retained Earnings | Treasury Stock | |
| Beginning | $13150 | $196500 | $151300 | $0 |
| Stock issuances | 11300 | 214700 | - | 351300 |
| Net income | - | - | 283000 | - |
| Dividends: Common | - | - | (260650) | - |
| Ending | $24450 | $411200 | $173650 | $351300 |
Purchase of common stock $351300 now held in treasury will increase the treasury stock.
Issue 113000 shares $0.10 par value for $2 per share will increase common stock and paid in capital
Common stock= 113000*$0.10= $11300
Paid in capital= ($2-0.10)*113000= $214700
Cash dividend paid will decrease the retained earnings.
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Required information [The following information applies to the questions displayed below.] The annual report for Malibu...
the annual report for Malibu Beachwear reported the following [The following information applies to the questions d...
the annual report for Malibu Beachwear reported the
following
[The following information applies to the questions displayed below.) The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $350 200 of common stock now held in treasury b. Declared cash dividends in the amount of $260.100. c. Pald the dividends in (b). d. Issued 102.000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account 15. 0.50 points...
Quiz 10 Accounting 220 Name: 1. The annual report for Malibu Beachwear reported the following transactions...
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the annual report for Malibu Beachwear reported the
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[The following information applies to the questions displayed below.) The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $350 200 of common stock now held in treasury b. Declared cash dividends in the amount of $260.100. c. Pald the dividends in (b). d. Issued 102.000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account 15. 0.50 points...
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