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i cant figure out what to put for common stock Problem 11-6A On January 1, 2017, Marin Inc, had these stockholders' equity balances. $615,000 Common
i cant figure out what to put for common stock
Problem 11-6A On January 1, 2017, Marin Inc, had these stockholders' equity balances. $615,000 Common Stock, $1 par (2,000,000 shares authorized, 615,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings Accumulated Other Comprehensive Income 1,410,000 689,000 62,000 During 2017, the following transactions and events occurred. 1. Issued 55,000 shares of $1 par value common stock for $4 per share. 2. Issued 64,000 shares of common stock for cash at $3 per share. 3. Purchased 19,900 shares of common stock for the treasury at $3.25 per share. 4. Declared and paid a cash dividend of $130,500. 5. Earned net income of $401,000. 6. Had other comprehensive income of $18,000. Prepare the stockholders' equity section of the balance sheet at December 31, 2017 MARIN INC. Partial Balance Sheet December 31, 2017 MARIN INC. Partial Balance Sheet December 31, 2017 Stockholders' Equity Paid-in Capital Common Stock Additional Paid-in Capital Paid-in Capital in Excess of Par Value-Common Stock Total Paid-in Capital Retained Earnings 959500 Total Paid-in Capital and Retained Earnings Accumulated Other Comprehensive Income Less Treasury Stock Total Stockholders' Equity Step by Step Solution
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