Question: pls let me know which number is correct here GL1101 (Algo) - Based on Problem 11-2A LO C3, P2, P3 Twinings Company reports the following

pls let me know which number is correct here

pls let me know which number is correct here GL1101 (Algo) -Based on Problem 11-2A LO C3, P2, P3 Twinings Company reports thefollowing components of stockholders' equity on January 1. Common stock-$10 par value,

GL1101 (Algo) - Based on Problem 11-2A LO C3, P2, P3 Twinings Company reports the following components of stockholders' equity on January 1. Common stock-$10 par value, 120,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500,000 75,000 410,000 $ 985,000 During the year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stock at $23 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 2,500 of its treasury shares at $27 cash per share. August 22 Sold 2,500 of its treasury shares at $19 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the dividend declared on September 5. December 31 Closed the $365,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Answer is not complete. Requirement General Journal General Ledger Trial Balance Statement of Stockholders RE Equity Impact on Equity For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equity as negative values. Verify that total Stockholders' equity as of December 31, as calculated, agrees with the amount reported on the balance sheet. General Requirement General Journal Trial Balance Ledger Statement of RE Stockholders Equity Impact on Equity For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equity as negative values. Verify that total Stockholders' equity as of December 31, as calculated, agrees with the amount reported on the balance sheet. Dates: January 01 to: January 01 Impact on equity 985,000 Stockholders' equity decreased (115,000) Stockholders' equity decreased > > > (90,000) 0 Total Stockholders' Equity - January 1 January 2) Purchased 5,000 shares of its own stock at $23 cash per share. January 5) Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. February 28) Paid the dividend declared on January 5. July 6) Sold 2,500 of its treasury shares at $27 cash per share. August 22) Sold 2,500 of its treasury shares at $19 cash per share. September 5) Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28) Paid the dividend declared on September 5. December 31) Closed the $365,000 credit balance (from net income) in the Income Summary account to Retained Earnings. No change in total equity Stockholders' equity increased Stockholders' equity increased 51,300 X > 2,500 Stockholders' equity decreased (100,000) No change in total equity 0 Stockholders' equity increased 365,000 1 January 02 115,000 Treasury stock, Common Cash 115,000 2 January 05 90,000 Retained earnings Common dividend payable 90,000 | 3 February 28 90,000 Common dividend payable Cash 90,000 4 July 06 Cash 67,500 Treasury stock, Common Paid-in capital, Treasury stock 57,500 10,000 5 August 22 Cash 47,500 10,000 Paid-in capital, Treasury stock Treasury stock, Common 57,500 6 September 05 100,000 Retained earnings Common dividend payable 100,000 7 October 28 100,000 Common dividend payable Cash 100,000 8 December 31 365,000 Income summary Retained earnings 365,000

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