Given the following stockholders? equity: Common Stock, $3 par value, authorized 99,000 shares, 81,000 shares issued and
Question:
Given the following stockholders? equity:
Common Stock, $3 par value, authorized 99,000 shares, 81,000 shares issued and outstanding |
$243,000 |
Retained Earnings |
460,000 |
Total Stockholders? Equity |
$703,000 |
Journalize the following entries:
Transcribed Image Text:
201X Apr. 3 Issued 5,200 shares at $11 per share. 9 Reacquired 196 shares at $5 per share. 15 Reissued 102 shares of treasury stock at $9 per share. 17 Reissued 54 shares of treasury stock at $3 per share.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
April 3 Cash 57200 Common Stock 15600 Paidin Capital in ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ 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...
-
This question is optional and will not be graded. We are interested in examining factors determining women's labor force participation. Use the data set mroz. dta and the do file ps5.2. do to answer...
-
Larmor frequencies are usually tens or hundreds of MHz, but to make the numbers easier to handle in this problem we will assume that the Larmor frequencies are very much smaller. Consider a system of...
-
Arene C has the composition 90.6% carbon and 9.4% hydrogen. Its mass and 1H NMR spectra are shown below. a. b. a. Calculate the empirical formula of C. b. From the mass spectrum, find the molecular...
-
An investor purchases stock at $100.00 and sells a 100 strike call against it for $8.00. Calculate the rate of return for the covered-write at expiration if the stock remains unchanged (assume...
-
Smith was employed as a salesman for Borden, Inc., which sold food products in 63 counties in Arkansas, 2 counties in Missouri, 2 counties in Oklahoma, and 1 county in Texas. Smiths employment...
-
Tax Return Problem 5 -Individual Tax Instructions: Please complete the 2016 federal income tax return for Joseph and Diana Cohen. You may complete the tax return using Tax Act or paper forms. The...
-
Costello Labs supplies 500- cc bottles of treated Elixir plasma solution to Mercy Hospital. Several factors are important in assessing plasma quality, such as purity, absence of AIDS or hepatitis...
-
On July 31, 201X, Nicole Corporation had the following stockholders equity: Common Stock, $13 par value, authorized 85,000 shares, 54,000 shares issued and outstanding $702,200 Retained Earnings...
-
From the following, prepare in proper form a statement of retained earnings for Johnson Company for the year ended December 31, 2019. Retained Earnings, January 1, 2019 Prior period adjustment:...
-
In Exercises 1150, evaluate the limit if it exists. If not, determine whether the one-sided limits exist. For limits that dont exist indicate whether they can be expressed as = or = 5-x lim x-1 4x...
-
Identify two important quality factors. Define those two factors and develop a quality plan. Include quality assurance methods for this project as well as how you would control it. What tools would...
-
Johnsonville Sausage Case Study. Did Strayer emphasize or monitor factors in the program?
-
Kenta was hired as a marketing analyst on the consumer behavior team to analyze data for clients at Emotions Analytics Corporation (EAC). EAC is an artificial intelligence (AI) firm specializing in...
-
SABC Corporation is an instructional design company that specializes in the development of online training curriculum for venture capitalist firms. The company is made up of the Chief Learning...
-
Another way that strategic training can be used to improve training programs is by using it to assess the effectiveness of existing programs. This can be done by looking at how well employees are...
-
To access the fifth record in a(n) ____________ file, we must read the first four records first.
-
(8%) Problem 6: A student attaches a f= 3.5 kHz oscillator to one end of a metal rail of length L = 25 m. The student turns on the oscillator and uses a piezoelectric gauge at the other end to...
-
Rick Fox of Corner Brook company at the end of November. Analyze the following transactions by recording their effects in the expanded accounting equation. A. Rick Fox invested $9,000 in the desktop...
-
Jane West, owner of Wests Stencilling Service in Grande Prairie, has requested that you prepare from the following balances a. An income statement for June 2014, b. A statement of owners equity for...
-
Jill Martin of Regina opened Martins Catering Service. As her accountant, analyze the transactions listed below and present the following information in proper form: 1. The analysis of the...
-
Assume an investor buys an 8 percent semiannual bond with 8 years remaining to maturity, when market rates are 6%. If this investor pays $1,125.61 for the bond, what is the investors current yield?...
-
What are the different types of insurance policies should a person buy and how would you decide when to buy these policies
-
A lender providing a loan of $4.5 million requires semi-annual payment of interest at a nominal rate of 6.7% per year, and repayment of the $4.5 million principal at the end of 13 years. The borrower...
Study smarter with the SolutionInn App