Given the following stockholders? equity: Common Stock, $7 par value, authorized 98,000 shares, 79,000 shares issued and
Question:
Given the following stockholders? equity:
Common Stock, $7 par value, authorized 98,000 shares, 79,000 shares issued and outstanding |
$553,000 |
Retained Earnings |
520,000 |
Total Stockholders? Equity |
$1,073,000 |
Journalize the following entries:
Transcribed Image Text:
201X Apr. 3 Issued 4,700 shares at $12 per share. 9 Reacquired 197 shares at $6 per share. 15 Reissued 109 shares of treasury stock at $10 per share. 17 Reissued 51 shares of treasury stock at $2 per share.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
April 3 Cash 56400 Common Stock 32900 Paidin Capital in Ex...View the full answer
Answered By
Anthony Ngatia
I have three academic degrees i.e bachelors degree in Education(English & Literature),bachelors degree in business administration(entrepreneurship option),and masters degree in business administration(strategic management) in addition to a diploma in business management.I have spent much of my life in the academia where I have taught at high school,middle level colleges level and at university level.I have been an active academic essays writer since 2011 where I have worked with some of the most reputable essay companies based in Europe and in the US.I have over the years perfected my academic writing skills as a result of tackling numerous different assignments.I do not plagiarize and I maintain competitive quality in all the assignments that I handle.I am driven by strong work ethics and a firm conviction that I should "Do Unto others as I would Like them to do to me".
4.80+
76+ Reviews
152+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
Question Posted:
Students also viewed these Business questions
-
Given the following stockholders equity: Common Stock, $9 par value, authorized 110,000 shares, 77,000 shares issued and outstanding .................. $ 539,000 Retained Earnings...
-
Given the following stockholders equity: Common Stock, $8 par value, authorized 105,000 shares, 79,000 shares issued and outstanding ................. $ 553,000 Retained Earnings .....................
-
Given the following stockholders' equity: Common Stock, $6 par value, authorized 106,000 shares, 82,000 shares issued and outstanding...
-
Which of the following divisions of plants does NOT have a well differentiated body? A) Gymnosperms B) Bryophyta C) Thallophyta D) Pteridophyta
-
Consider the spin echo sequence to which a 90 pulse has been added at the end: 90(x) - - 180(x) - - 90(). The axis about which the pulse is applied is given in brackets after the flip angle....
-
Use the following information to answer question. You are given the following return information for 3-month T-bills, the NYSE Index, Chrysler, Ford, and GM for the 3-year period from January 1985...
-
What is the plain-meaning rule?
-
Kaj Rasmussen founded Scandi Home Furnishings as a corporation during mid-2007. Sales during the first full year (2008) of operation reached $1.3 million. Sales increased by 15 percent in 2009 and...
-
Prepare journal entry for December 31 adjusting entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry"...
-
Holmes Corporation is a leading designer and manufacturer of material handling and processing equipment for heavy industry in the United States and abroad. Its sales have more than doubled, and its...
-
On July 31, 201X, Lucky Corporation had the following stockholders equity: Common Stock, $13 par value, authorized 89,000 shares, 59,000 shares issued and outstanding $767,000 Retained Earnings...
-
From the following, prepare in proper form a statement of retained earnings for Quincy Company for the year ended December 31, 2019. Retained Earnings, January 1, 2019 Prior period adjustment:...
-
Draw the lowest-order Feynman diagram for e elastic scattering.
-
Why COVID-19 has recently become a prominent subject and identify the type of organization?
-
How can you default date fields in new records to the current date? Select a Date Format option from the Drop-down list Use Date() in the Default Field Property Select a Date Input Mask from the...
-
Tell me about the short movie and Cipher in the Snow and how it relates to the Human Communication Theory, symbolic interactionism theory.
-
2. Cash Flows are shown on the chart below: Year 0 1 2 Project A (S) (42000) 14000 14000 14000 14000 14000 Project B (S) (45000) 28000 12000 10000 10000 10000 3 4 5 Choice of Project Firm cost of...
-
-) Haemoglobin can normally bind approximately 1.34 mL/g (millilitre per gram) of O2 for 100% 02 saturation, so for a normal Hb of 15 g/dL (grams per decilitre), how many mL/dL of 02 can it bind?...
-
For each of the following activities, identify the data that must be entered by the employee performing that activity and list the appropriate data entry controls: a. Purchasing agent generating a...
-
Difference between truncate & delete
-
Complete: a. A(n) ____________ ____________ ____________ results when the total of the assets remains the same, but the makeup of the assets has changed. b. Assets ___________________ = Owners...
-
Identify with a which of the following are subdivisions of owners equity. a. Land b. M. Kaminsky, Capital c. Accounts Receivable d. M. Kaminsky, Withdrawals _____ e. Accounts Payable _____ f. Rent...
-
Indicate next to each statement whether it refers to the income statement (IS), statement of owners equity (OE), or balance sheet (BS). a. ______ Calculate new figure for Capital b. ______ Prepared...
-
Explain various mapping procedures of cache memory with an example.?
-
4. The period of Jupiters moon lo is 1.5 x 10's and has a radius of orbit of 4.2 x 108 m calculate the mass of Jupiter using this information (1.9 x 1027 kg) 5. A lunar lander is to be placed in...
-
A diver explores a shallow reef off the coast of Belize. She initially swims d11 = 79.3 m north, makes a turn to the east, and continues for d22 = 154 m, then follows a big grouper (a kind of fish)...
Study smarter with the SolutionInn App