AutoSave . Off) Workshop 5 Problems Student (1) - Excel Mcclain, Kyssa MK X File Home Insert Page Layout Formulas Data Review View Help Search Share Comments LO Calibri - 12 AA = ab Wrap Text General AutoSum * Fill AY O Paste C . A Merge & Center $ - % " 00 20 Conditional Format as Cell Insert Delete Format Clear Sort & Find & Ideas BIU - Formatting Table * Styles Filter * Select Clipboard G Font Alignment Number G Styles Cells Editing Ideas A12 X V fic Kristof A B C D E F G H K L M N O P Q R S T U 1 5.5 Accounting Equation & Stock Issue Points: 15 items @ 2 points = 30 points W N 4 Directions: Complete the accounting equation and problems below based off the information and transactions provided 6 Background Information: LD 00 Kristof was is newly formed, has 60,000 shares of $15 par common stock authorized. March 1, 2018 Kristoff issued 7,000 shares of stock for $18 per share May 2, 2018 an additional 12,000 shares at $20 per share were issued 10 11 A) Complete the accounting equation 12 Kristof 13 Accounting Equation 14 Balance Sheet Income Statement 15 Event Assets Liabilities Stockholders Equity 16 Cash + Common Stock PIC in Excess Revenue Expense = Net Income 17 1-Mar $ 105,000 18 2-May $ 180,000 19 Total $ 285,000 S 20 -1. . . n. . ...L. 21 2010 Problem 5.1 Problem 5.2 Problem 5.3 Problem 5.4 Problem 5.5 Problem 5.6 + Ready -- + 100% Type here to search em O W A 1:57 PM 7/1/2020AutoSave . Off) Workshop 5 Problems Student (1) - Excel Mcclain, Kyssa MK X File Home Insert Page Layout Formulas Data Review View Help Search Share Comments AutoSum * LO Calibri - 12 AA = ab Wrap Text General Conditional Format as Cell Insert Delete Format Fill AY O Paste BIU - C . A Merge & Center $ - % " 00 20 Clear Sort & Find & Ideas Formatting Table * Styles Filter * Select Clipboard G Font Alignment G Number G Styles Cells Editing Ideas A12 X V fc Kristof A B C D E F G H I J K M N O P Q R S T U 10 11 A) Complete the accounting equation 12 Kristof 13 Accounting Equation 14 Balance Sheet Income Statement 15 Event Assets Liabilities Stockholders Equity 16 Cash = + Common Stock PIC in Excess Revenue Expense Net Income 17 1-Mar 105,000 18 2-May 180,000 19 Total $ $ 285,000 $ 20 21 a) Determine the amount Kristoff would report for common stock on December 31,2018. 22 b) Determine the amount Kristoff would report for paid-in capital in excess of par. 23 c) What is the total amount of capital distributed by the owners? 24 d) What amount of total assets would Kristoff report on the December 21,2018 balance sheet? 25 26 a) Common Stock 27 b) Paid in Capital in excess of par 28 c) Total Paid-in Capital 29 d) Total Assets Problem 5.1 Problem 5.2 Problem 5.3 Problem 5.4 Problem 5.5 Problem 5.6 + Ready -- + 100% H Type here to search em W A 1:57 PM 7/1/2020