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6-9 Use the following to answer questions 6-12 TR, Inc., has two classes of stock authorized: $100.00 par preferred and $0.01 par value common. As
6-9
Use the following to answer questions 6-12 TR, Inc., has two classes of stock authorized: $100.00 par preferred and $0.01 par value common. As of the beginning of 20XD, 5,000 shares of preferred stock and 1,000,000 shares of common stock have been issued. Analyze the following transactions as it relates to the Stockholders' Equity accounts (PS, CS, APIC, RE, TS) and then complete the Statement of Stockholders' Equity before answering the questions on the next page. Affect on Stockholders'Equity Account Martina har of performed Tack for $115 persone 1-Ape shares of comme stock for $20.00 per shume Electrechod chod 1-ben med stock of 4.30 pe share to all stockholdened record onts -Jusay the cash dividend declared June I-A Repurchase 5,000 wes or carry ock for 516 per share 10 Sell 3.600 shares of a purchased 20 Art for 519 phare 91-tect income for the year ww. 5325.000 The beginning balances are shown below. Tel Additional Performed Com Pain Cape Tuy Suck (1) Stock (CS LAPCI Emin RE Stack (TS) SS.O $10.000 $12.50.000 E Beni hatice box once efsack income for you Dividende Purchase try Sale of Troy Edilence 2016 S 6. When the shares were issued on March 1, how much did additional paid in capital increase? 7. S On August 1* when the shares were repurchased, how much did stockholders' equity decrease? On August 1" when the shares were repurchased, how much did net income decrease? $ On October 1" when the 3,000 shares were resold, how much did additional paid in capital change (if decrease put "-"* in front of the number)? 8. 9 Step by Step Solution
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