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O ezto.mheducation.com C Start Page Log Home - myNCC M Connect C Search Textbook Solutions | Chegg.com Check my w Required information Part 1 of 5 [The following information applies to the questions displayed below.] 8.33 The stockholders' equity section of Velcro World is presented here. point VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: BOOK Preferred stock , $1 par value Common stock, $1 par value 5, 800 Additional paid-in capital 28,000 Total paid-in capital 1, 028, 600 1, 062, 400 Print Retained earnings Treasury stock, 12,000 common shares 286, 000 (360, 000) Total stockholders' equity $ 988, 400 References presented in thousands. Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are Required: 1. How many shares of preferred stock have been issued? (Enter you answer in total number of shares, not in thousands.) Number of shares Praw MacBook Pro esc We The a # 3 & 5 6 8ezto.mheducation.com C Home - myNCC M Connect C Search Textbook Solutions | Chegg.com C Solved: Rachel's Designs has 1,000 sh.. midterm v CH 10 HW Saved Help Save & Exi Che 10 California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $16 per share. Later in the year, the company decides to purchase 100 shares at a cost of $19 per share. 8.33 points Record the purchase of treasury stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Book Journal entry worksheet Print References Record the purchase of treasury stock. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Graw MacBook Pro Q @ $ezto.mheducation.com C 12 Home - myNCC M Connect C Search Textbook Solutions | Chegg.com CH 10 HW i Saved Help Sav 8 Gothic Architecture is a new chain of clothing stores specializing in the color black. Gothic issues 1,000 shares of its $1 par value common stock at $10 per share. 8.33 Record the issuance of the stock. How would the entry differ if Gothic issued no-par value stock? (If no entry is required for a points particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Book Journal entry worksheet Print 2 References Record the issuance of common stock above the par value. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Mc Will MacBook Pro Q @ % 2 3 4 5 6 8ezto.mheducation.com BIG Home - myNCC M Connect C Search Textbook Solutions | Chegg.com C Solved: Rachel's Designs has 1.000 she m CH 10 HW Saved Help Save & Exit Submit 12 Check my work Divine Apparel has 3,000 shares of common stock outstanding. On October 1, the company declares a $0.50 per share dividend to stockholders of record on October 15. The dividend is paid on October 31. 8.37 points Record all transactions on the appropriate dates for cash dividends. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list eBook Journal entry worksheet Print 2 3 n References Record the declaration of cash dividends. Note: Enter debits before credits. Date General Journal Debit Credit October 01 Record entry Clear entry View general journal MacBook Pro We The # % NO 3 4 5A ezto.mheducation.com C Home - myNCC M Connect C Search Textbook Solutions | Chegg.com CH 10 HW i Saved Help 2 Required information Part 2 of 5 [The following information applies to the questions displayed below.] 8.33 The stockholders' equity section of Velcro World is presented here. points VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity : $ 5, 800 Book Preferred stock, $1 par value Common stock, $1 par value 28, 000 Additional paid-in capital 1, 028, 600 Total paid-in capital 1, 062, 400 286 , 000 Print Retained earnings Treasury stock, 12,000 common shares (360, 000) Total stockholders' equity 988 , 400 References Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. 2. How many shares of common stock have been issued? (Enter you answer in total number of shares, not in thousands.) Number of shares MacBook ProA ezto.mheducation.com &G Home - myNCC M Connect C Search Textbook Solutions | Chegg.com C Solved: Rachel's Designs has 1,000 sh.. *midterm v1 student.do CH 10 HW i Saved Help Save & Exit Sul Check my wo 11 California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $30 per share. Later in the year, the company decides to purchase 100 shares at a cost of $33 per share. 8.33 Record the transaction if California Surf resells the 100 shares of treasury stock at $35 per share. (If no entry is required for a points particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list eBook Journal entry worksheet Print A References Record the sale of treasury stock. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Mc Graw Education MacBook Pro IF K # $ 6 2 3 O P T Q W R U Eezto.mheducation.com C Dec Home - myNCC M Connect C Search Textbook Solutions | Chegg.com Start Page CH 10 HW i Saved Help Save & Exit Su Check my wo 4 Required information Part 4 of 5 [The following information applies to the questions displayed below.] 8.33 The stockholders' equity section of Velcro World is presented here. point VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity : Book Preferred stock, $1 par value 5,800 Common stock, $1 par value Additional paid-in capital 28,000 1, 028, 600 Total paid-in capital 1, 062, 400 Retained earnings 286 , 00 Print Treasury stock, 12,000 common shares ( 360, 000) Total stockholders equity $ 988 , 400 References Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands 4. If retained earnings at the beginning of the period was $248 million and $28 million was paid in dividends during the year, what was the net income for the year? (Enter your answer in million (i.e., 5,000,000 should be entered as 5).) Net income million Graw MacBook Pro We The @ $ % 2 3 5 6 8 9 O W E R U O Pezto.mheducation.com C Home - myNCC M Connect C Search Textbook Solutions | Chegg.com CH 10 HW i Saved Help Save 7 Required information The following information applies to the questions displayed below.] Part 2 of 2 Major League Apparel has two classes of stock authorized: 4%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: 8.33 January 2 Issue 120, 000 shares of common stock for $68 per share. points February 14 Issue 58,000 shares of preferred stock for $13 per share. May 8 Purchase 12, 000 shares of its own common stock for $58 per share. May 31 Resell 6,000 shares of treasury stock for $63 per share. December 1 Declare a cash dividend on its common stock of $0.35 per share and a $23, 200 (48 of par value) cash dividend on its preferred stock payable to all stockholders of record on December 15. The eBook dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock. ) December 30 Pay the cash dividends declared on December 1. Print 2. Prepare the stockholders' equity section of the balance sheet as of December 31, 2021. Net income for the year was $488,000. (Amounts to be deducted should be indicated by a minus sign.) In References MAJOR LEAGUE APPAREL Balance Sheet (Stockholders' Equity Section) December 31, 2021 Stockholders' Equity: Total Paid-in Capital Praw MacBook Pro Q * @ $ % & NO 3 4 8ezto.mheducation.com Home - myNCC M Connect C Search Textbook Solutions | Chegg.com CH 10 HW i Saved Help Save & Ex Che 8 Gothic Architecture is a new chain of clothing stores specializing in the color black. Gothic issues 1,000 shares of its $1 par value common stock at $10 per share. 8.33 Record the issuance of the stock. How would the entry differ if Gothic issued no-par value stock? (If no entry is required for a point particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list e Book Journal entry worksheet Print 2 In References Record the issuance of common stock at no-par value. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal MacBook Pro Q * $ 5 W Dezto.mheducation.com C Dag Home - myNCC M Connect C Search Textbook Solutions | Chegg.com CH 10 HW i Saved Help 5 Required information Part 5 of 5 [The following information applies to the questions displayed below.] 8.33 The stockholders' equity section of Velcro World is presented here. points VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value $ 5,800 Book 28,000 Additional paid-in capital 1, 028, 600 Total paid-in capital 1, 062, 400 Retained earnings 286, 000 Print Treasury stock, 12,000 common shares (360, 000) Total stockholders' equity $ 988, 400 In References Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. 5. What was the average cost per share of the treasury stock acquired? Average cost per share MacBook Pro 9 We The S
