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Help please!! will give good rating for all problems answered 1) 2) 3) 4) 5) 6) Journalize the treasury stock transactions. (Record journal entries in

Help please!! will give good rating for all problems answered

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Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) On January 1, 2022, the stockholders' equity section of Swifty Corporation shows common stock ( $5 par value) $1,500,000; paid-in capital in excess of par $1,030,000; and retained earnings $1,170,000. During the year, the following treasury stock transactions occurred. Mar. 1 Purchased 50,000 shares for cash at $15 per share. July 1 Sold 10,500 treasury shares for cash at \$17 per share. Sept. 1 Sold 9,000 treasury shares for cash at $14 per share. Mar. 2 Issued 4,000 shares of $5 par value common stock to attorneys in payment of a bill for $24,000 for services performed in helping the company to incorporate. June 12 Issued 55,000 shares of $5 par value common stock for cash of $340,000. July 11 Issued 1,000 shares of $100 par value preferred stock for cash at $130 per share. Nov. 28 Purchased 1,500 shares of treasury stock for $75,000. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) On January 1,2022 , Sunland Company had $1,120,000 of common stock outstanding that was issued at par and retained earnings of $754,000. The company issued 41,000 shares of common stock at par on July 1 and earned net income of $398,000 for the year. Journalize the declaration of a 14\% stock dividend on December 10, 2022, for the following two independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a) Par value is $10 and market price is $15. (b) Par value is $5 and market price is $8. On January 1, 2022, the stockholders' equity section of Swifty Corporation shows common stock ( $5 par value) $1,500,000; paid-in capital in excess of par $1,030,000; and retained earnings $1,170,000. During the year, the following treasury stock transactions occurred. Mar. 1 Purchased 50,000 shares for cash at $15 per share. July 1 Sold 10,500 treasury shares for cash at $17 per share. Sept. 1 Sold 9,000 treasury shares for cash at $14 per share. (a) Your answer is partially correct. Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Cullumber Company Balance Sheet(Partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 8,000 shares authorized, 4,000 shares issued and outstanding Common stock, no par, 700,000 shares authorized, 500,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (6,000 common shares) Total stockholders' equity From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? (b) Assuming there is a stated value, what is the stated value of the common stock? (c) What is the par value of the preferred stock? (d) If the annual dividend on preferred stock is $16,000, what is the dividend rate on preferred stock? (e) If dividends of $32,000 were in arrears on preferred stock, what would be the balance reported for retained earnings? shares per share $ per share % $ On January 1, Sheridan Company had 56,100 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 Issued 9,700 additional shares of common stock for \$11 per share. June 15 Declared a cash dividend of $1.40 per share to stockholders of record on June 30 . July 10 Paid the $1.40 cash dividend. Dec. 1 Issued 4,100 additional shares of common stock for $12 per share. 15 Declared a cash dividend on outstanding shares of \$1.50 per share to stockholders of record on December 31. (a) Prepare the entries, if any, on each of the three dates that involved dividends. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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