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Equity Section of the Balance Sheet - Infer Missing The Stockholders' Equity category of Zache Company's balance sheet appears below. Determine the missing information highlighted
Equity Section of the Balance Sheet - Infer Missing The Stockholders' Equity category of Zache Company's balance sheet appears below. Determine the missing information highlighted in grey. Determine how many shares are in treasury. Common stock, $15 par, 10,000 shares issued, 4,000 outstanding Additional paid in capital Total contributed capital Retained earnings Treasury stock Total stockholders' equity 450,000 200,000 (50,000) 2 Number of shares in treasury Transaction Analysis Henry Company had the following transactions during 2019, its first year of operations. Analyze the transactions and impact on the financial statements. 1 Issued 6,000 shares of $10 par common stock for cash at $20 per share. 2 Issued 7,000 shares of common stock on May 1 to acquire a factory building from Barkley Company. Barkley had acquired the building in 2013 at a price of $150,000. Horace estimated that the building was worth $200,000 on May 1, 2019. 3 Issued 2,000 shares of stock on June 1 to acquire a patent. The accountant has been unable to estimate the value of the patent but has determined that Horace's common stock was selling at $25 per share on June 1. 4 Horace Company repurchased 1,000 shares of its own stock at a fair market value of $15 per share. Page 1 Assets = Liabilities + Equity Revenues - Expenses = Net Income
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