The stockholders' equity of Go - Pro Uniforms as of December 31, 2018 and 2017, follows:...

 

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The stockholders' equity of Go - Pro Uniforms as of December 31, 2018 and 2017, follows: E (Click the icon to view the stockholders' equity.) Read the requirements. Requirement 1. What is the par value of the common stock? (Enter your answer to the nearest cent.) The par value of the common stock is $ per share. Requirement 2. How many shares of common stock were outstanding at the end of 2018? shares of common stock were outstanding at the end of 2018. Requirement 3. As of December 31, 2018, what was the average price that stockholders paid for all common stock when issued? (Enter your answer to the nearest cent.) The average price that stockholders paid for all common stock when issued was $ per share. Requirement 4. Prepare a summartournal entry to record the change in common stock during the year. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Requirement 5. What was the average price that stockholders paid for the common stock issued in 20187? (Enter your answer to the nearest cent.) The average price that stockholders paid for the common stock issued in 2018 was $ per share. Choose from any list or enter any number in the input fields and then continue to the next question. The stockholders' equity of Go -Pro Uniforms as of December 31, 2018 and 2017, follows: E (Click the icon to view the stockholders' equity.) Read the requirements. The average price that stockholders paid for the common stock issued in 2018 was $ per share. Requirement 6. What was the average price paid by Go - Pro Uniforms for the treasury stock at December 31, 2018? (Enter your answer to the nearest cent.) The average price by Go-Pro for the treasury stock was $ per share. Requirement 7. Prepare a summary journal entry to record the change in treasury stock during the year. (Record debits first, then credits. Exclude explanations from any jourmal entries.) Journal Entry Date Accounts Debit Credit Requirement 8. Assuming net income for 2018 was $11,500,000, prepare a summary journal entry to record the dividends declared during 2018. (Record debits first, then credits. Exclude explanations from any joumal entries.) Journal Entry Date Accounts Debit Credit Data Table 2018 2017 Common stock, 1,900,000 shares authorized, 950,000 and 700,000 shares issued, respectively 190,000 $ 140,000 Paid-in capital in excess of par 41,420,000 31,320,000 Paid-in capital-treasury stock transactions 55,000 51,000 Retained earnings Treasury stock, at cost, 35,000 and 40,000 shares, respectively 63,412,500 55,000,000 (1,274,000) (1,456,000) Total stockholders' equity 103,803,500 $ 85,055,000 Print Done The stockholders' equity of Go - Pro Uniforms as of December 31, 2018 and 2017, follows: E (Click the icon to view the stockholders' equity.) Read the requirements. Requirement 1. What is the par value of the common stock? (Enter your answer to the nearest cent.) The par value of the common stock is $ per share. Requirement 2. How many shares of common stock were outstanding at the end of 2018? shares of common stock were outstanding at the end of 2018. Requirement 3. As of December 31, 2018, what was the average price that stockholders paid for all common stock when issued? (Enter your answer to the nearest cent.) The average price that stockholders paid for all common stock when issued was $ per share. Requirement 4. Prepare a summartournal entry to record the change in common stock during the year. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Requirement 5. What was the average price that stockholders paid for the common stock issued in 20187? (Enter your answer to the nearest cent.) The average price that stockholders paid for the common stock issued in 2018 was $ per share. Choose from any list or enter any number in the input fields and then continue to the next question. The stockholders' equity of Go -Pro Uniforms as of December 31, 2018 and 2017, follows: E (Click the icon to view the stockholders' equity.) Read the requirements. The average price that stockholders paid for the common stock issued in 2018 was $ per share. Requirement 6. What was the average price paid by Go - Pro Uniforms for the treasury stock at December 31, 2018? (Enter your answer to the nearest cent.) The average price by Go-Pro for the treasury stock was $ per share. Requirement 7. Prepare a summary journal entry to record the change in treasury stock during the year. (Record debits first, then credits. Exclude explanations from any jourmal entries.) Journal Entry Date Accounts Debit Credit Requirement 8. Assuming net income for 2018 was $11,500,000, prepare a summary journal entry to record the dividends declared during 2018. (Record debits first, then credits. Exclude explanations from any joumal entries.) Journal Entry Date Accounts Debit Credit Data Table 2018 2017 Common stock, 1,900,000 shares authorized, 950,000 and 700,000 shares issued, respectively 190,000 $ 140,000 Paid-in capital in excess of par 41,420,000 31,320,000 Paid-in capital-treasury stock transactions 55,000 51,000 Retained earnings Treasury stock, at cost, 35,000 and 40,000 shares, respectively 63,412,500 55,000,000 (1,274,000) (1,456,000) Total stockholders' equity 103,803,500 $ 85,055,000 Print Done

Answer rating: 100% (QA)

1 Par Value per common stock 300000 3000000 010 per share 2 Sh... View the full answer