Question
Grouper Company had the following stockholders equity as of January 1, 2020. Common stock, $5 par value, 18,700 shares issued $93,500 Paid-in capital in excess
Grouper Company had the following stockholders equity as of January 1, 2020.
Common stock, $5 par value, 18,700 shares issued | $93,500 | |
Paid-in capital in excess of parcommon stock | 301,000 | |
Retained earnings | 323,000 | |
Total stockholders equity | $717,500 |
During 2020, the following transactions occurred.
Feb. 1 | Grouper repurchased 1,830 shares of treasury stock at a price of $19 per share. | |
Mar. 1 | 740 shares of treasury stock repurchased above were reissued at $17 per share. | |
Mar. 18 | 490 shares of treasury stock repurchased above were reissued at $14 per share. | |
Apr. 22 | 530 shares of treasury stock repurchased above were reissued at $21 per share. |
Prepare the stockholders equity section as of April 30, 2020. Net income for the first 4 months of 2020 was $139,600. (Enter account name only and do not provide descriptive information.)
GROUPER COMPANY Stockholders Equity April 30, 2020For the Year Ended April 30, 2020For the Quarter Ended April 30, 2020 | |||
$ | |||
Additional Paid-in CapitalCapital StockCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Capital StockTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Paid-in CapitalTotal Paid-in Capital and Retained EarningsTotal Property, Plant and EquipmentTotal Stockholders' Equity | |||
AddLess: | |||
Additional Paid-in CapitalCapital StockCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Capital StockTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Paid-in CapitalTotal Paid-in Capital and Retained EarningsTotal Property, Plant and EquipmentTotal Stockholders' Equity | $ |
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