Balance Sheet Partial December 31, 2014 Stockholder's Equity Capital Stock 84 Preferred stock, $100 par value, 2,000 shares authorized, 500 shares issued and outstanding Common stock, $3 par value, 5,000 shares authorized, 200 shares issued and outstanding $ 75,000 $ 600 Total Capital Stock $ 75,600 Additional Paid In Capital Additional paid in capital - preferred stock Additional paid in capital - common stock $ 25,000 5,400 Total additional paid in capital 30, 400 Total contributed capital Retained earnings Total contributed capital and retained earnings $ 106,000 $ 100,000 $206,000 Total stockholder's equity $206,000 Stock Transactions 12/01/2015 Purchase so shs of common stock e 550 per share 01/15/2016 Rosell 30 shs 500 per share 12/01/2015 Purchase 50 shs of common stock @ $50 per share 01/15/2016 Resell 30 shs @ $60 per share 10/20/2016 Resell 10 shs @ $25 per share Scenario 1 12/15/2016 Resell 10 shs & $25 per share Scenario 2 12/15/2016 Retire remaining 10 shares Treasury Stock Requirements a Prepare the journal entries to record the stock transactions. Prepare the Partial Balance Sheet for 12/31/2015 Prepare the Partial Balance Sheet for 12/31/2016 for each scenario Scenario 1 treasury Stock Resold for $25 per share Scenario 2 (Retire remaining shares of Treasury Stock) v LED w Go Tools Window Help 2020 Acc 102 Chapter 13 - Homework (Treasury Stock Purchase).pdf (page 2 of 5) a Prepare the journal entries to record the stock transactions. b Prepare the Partial Balance Sheet for 12/31/2015 ACC 102 Corp Balance Sheet Partial December 31, 2015 Stockholder's Equity Capital Stock 88 Preferred stock, $100 par value, 2,000 shares authorized, _shares issued and outstanding Common stock, $3 par value, 5,000 shares authorized, shares issued and outstanding Total Capital Stock Additional Paid In Capital Additional paid in capital - preferred stock Additional paid in capital - common stock Total additional paid in capital Total contributed capital Betained earnings Total contributed capital and retained earn Toral stockholder's equity 2020 Ace 102 Chapter 13 - Homework (Treasury Stock Purchase).pdf (page 4 of 5) a se c Prepare the Partial Balance Sheet for 12/31/2016 for si Scenario 1 (Treasury Stock Resold for $25 per share ACC 102 Corp Balance Sheet Partial December 31, 2016 Stockholder's Equity Capital Stock 8 Preferred stock, $100 par value, 2,000 shares authorized, shares issued and outstanding Common stock, 53 par value, 5,000 shares authorized, shares issued and outstanding Total Capital Stock Additional Paid In Capital Additional paid in capital - preferred stock Additional paid in capital - common stock Total additional paid in capital Total contributed capital etmed Total contributed capital and retained earnings Totalt detty Balance Sheet Partial December 31, 2014 Stockholder's Equity Capital Stock 84 Preferred stock, $100 par value, 2,000 shares authorized, 500 shares issued and outstanding Common stock, $3 par value, 5,000 shares authorized, 200 shares issued and outstanding $ 75,000 $ 600 Total Capital Stock $ 75,600 Additional Paid In Capital Additional paid in capital - preferred stock Additional paid in capital - common stock $ 25,000 5,400 Total additional paid in capital 30, 400 Total contributed capital Retained earnings Total contributed capital and retained earnings $ 106,000 $ 100,000 $206,000 Total stockholder's equity $206,000 Stock Transactions 12/01/2015 Purchase so shs of common stock e 550 per share 01/15/2016 Rosell 30 shs 500 per share 12/01/2015 Purchase 50 shs of common stock @ $50 per share 01/15/2016 Resell 30 shs @ $60 per share 10/20/2016 Resell 10 shs @ $25 per share Scenario 1 12/15/2016 Resell 10 shs & $25 per share Scenario 2 12/15/2016 Retire remaining 10 shares Treasury Stock Requirements a Prepare the journal entries to record the stock transactions. Prepare the Partial Balance Sheet for 12/31/2015 Prepare the Partial Balance Sheet for 12/31/2016 for each scenario Scenario 1 treasury Stock Resold for $25 per share Scenario 2 (Retire remaining shares of Treasury Stock) v LED w Go Tools Window Help 2020 Acc 102 Chapter 13 - Homework (Treasury Stock Purchase).pdf (page 2 of 5) a Prepare the journal entries to record the stock transactions. b Prepare the Partial Balance Sheet for 12/31/2015 ACC 102 Corp Balance Sheet Partial December 31, 2015 Stockholder's Equity Capital Stock 88 Preferred stock, $100 par value, 2,000 shares authorized, _shares issued and outstanding Common stock, $3 par value, 5,000 shares authorized, shares issued and outstanding Total Capital Stock Additional Paid In Capital Additional paid in capital - preferred stock Additional paid in capital - common stock Total additional paid in capital Total contributed capital Betained earnings Total contributed capital and retained earn Toral stockholder's equity 2020 Ace 102 Chapter 13 - Homework (Treasury Stock Purchase).pdf (page 4 of 5) a se c Prepare the Partial Balance Sheet for 12/31/2016 for si Scenario 1 (Treasury Stock Resold for $25 per share ACC 102 Corp Balance Sheet Partial December 31, 2016 Stockholder's Equity Capital Stock 8 Preferred stock, $100 par value, 2,000 shares authorized, shares issued and outstanding Common stock, 53 par value, 5,000 shares authorized, shares issued and outstanding Total Capital Stock Additional Paid In Capital Additional paid in capital - preferred stock Additional paid in capital - common stock Total additional paid in capital Total contributed capital etmed Total contributed capital and retained earnings Totalt detty