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asap plzz HIT The stockholders' equity accounts of Indigo Corporation on January 1, 2022 were as follows. Preferred Stock (7% $100 par noncumulative, 10.000 shares
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HIT The stockholders' equity accounts of Indigo Corporation on January 1, 2022 were as follows. Preferred Stock (7% $100 par noncumulative, 10.000 shares authorized) $600.000 Common Stock (54 stated value, 600,000 shares authorized) 2.000.000 30,000 960.000 Paid-in Capital in Excess of Par Value-Preferred Stock Paldin Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10.000 common shares) 1.376.000 80,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders equity Feb 1 Issued 10,000 shares of common stock for $60.000 Mar. 20 Purchased 2,000 additional shares of common treasury stock at $7 pershare Declared a 7% cash dividend on preferred stock payable November 1, Oct. 1 Nov 1 Dec 1 Pald the dividend declared on October 1. Declared a $0.50 per share cash dividend to common stockholders of record on December 15 payable December 31, 2 Determined that net income for the year was $550.000. Paid the dividend declared on December 1 76'T Cloudy 400E Dec 31 2 2 = Part 1 Journalize the transactions. (Include entries to close net income and dividends to Retained Earnings.) (Record entries in the order displayed in the problem statement Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Feb. 1 Cash 4.72/12 in E 249000 12/1 Treasury Stock 80000 1/1 Bal. 14000 3/20 o 94000 12/31 Bal. Prepare the stockholders' equity section of the balance sheet at December 31, 2022 INDIGO CORPORATION Partial Balance Sheet > Part 4 - Your answer is partially correct Calculate the payout ratio, earnings per share and return on common stockholders' equity. (Note:Use the common shares outstanding on January 1 and December 31 to determine the average shares outstanding) Round answers to 2 decimal procesos 17.50%) Payout ratio 52.91 Earnings per share $ 103 Return on common stockholders equity 11.52 Step by Step Solution
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