I am having difficulty finding the answers for contributed capital, stockholders' equity, payout ratio, and return on common stock equity ratio. If someone could offer some insight on what to do, I would greatly appreciate it. Thanks!

Return to Blackboard Kieso, Intermediate Accounting, 16e Help I CALCULATOR Accounting, Analysis, and Principles On January 1, 2017, Agassi Corporation had the following stockholders' equity accounts Common Stock ($10 par value, 55,000 shares issued and outstanding) $550,000 Paid-in Capital in Excess of Par-Common Stock Retained Earnings 490,000 601,000 During 2017, the following transactions occurred. Jan. 15 Declared and paid a $1.05 cash dividend per share to stockholders. Apr. 15 Declared and paid a 10% stock dividend. The market price of the stock was $13 per share. May 15 Reacquired 1,800 common shares at a market price of $16 per share Nov. 15 Reissued 900 shares held in treasury at a price of $18 per share. 31 Determined that net income for the year was $364,000. Your answer is correct. Journalize the above transactions. (Include entries to close net income to Re If no entry is required, select "No Entry" for the account tith tained Earnings.) (Credit es and enter O for the amounts.) account titles are automatically indented when the amount is ente Date Account Titles and Explanation Debit Credit Jan. 15, 2017 Retained Earnings 57,750 Cash 57,750 Apr. 15, 2017 Retained Earnings 71,500 Common Stock 55,000 Paid-in Capital in Excess of Par-Common Stock 16,500 May 15, 2017 Treasury Stock 28,800 Cash 28,800 Nov. 15, 2017 Cash Kieso, Intermediate Accounting, 16e Help I Svstem Anno CALCULA Nov. 15, 2017 Cash 16,200 Treasury Stock 14,400 Paid-in Capital from Treasury Stock 1,800 Dec. 31, 2017 Income Summary y 364,000 alysis Retained Earnings 364,000 by SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. Determine the ending balances for Contributed Capital, Retained Earnings, and Stockholders' Equity. Ending balances s 493,900 835,750 Contributed Capital S: Retained Earnings Stockholders' Equity 605,000 SHOW LIST OF ACCOUNIS LINK TO TEXT LINK TO TEXI Your answer is incorrect. Try again. Calculate the payout ratio and the return on common s tockholders' equity. (Round answers to 1 decimal place, eg. 52.5%.) Payout ratio Your answer is partially correct. Try again. Determine the ending balances for Contributed Capital, Retained Earnings, and Stockholders' Equity. Ending balances Contributed Capital 493,900: Retained Earnings 835,750 Stockholders' Equity 605,000 SHOW LISI OF ACCOUNTS LINK TO TEXT LINK TO TEXT Your answer is incorrect. Try again. Calculate the payout ratio and the return on common stockholders' equity. (Round answers to 1 decimal place, eg, 52.5%.) Payout ratio 31 Return on common stock equity ratio 60.2 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXI Question Attempts: 1 of 3 used here to search