Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I really need help with these problems. Can you assist? Prepare a stockholder's equity section of Waldemar corporation's balance sheet from the following acco SE4.

I really need help with these problems. Can you assist?

image text in transcribed Prepare a stockholder's equity section of Waldemar corporation's balance sheet from the following acco SE4. balances on December31, 2014. Common Stock, $10 par value, 30,000 shares authorized, 20,000 shares issued, and 19,500 shares outstanding Additional Paid In Capital Retained Earnings Treasury Stock, Common (500 shares, At Cost) WALDEMAR CORPORATION Balance Sheet 31-Dec-14 Stakeholder's Equity Contributed Capital: Preferred Stock, $10 par value 30,000 shares authorized, 20,000 shares issued and 19,500 outstanding Additional Paid In Capital Total Contributed Capitol Retained Earnings total Contributed capitoal and retained earnings Total Stakeholder's Equity 100,000 Sigma Company is authorized to issue 100,000 shares of common stock. The company sold 5,000 shares value common stock in exhange for land that had a fair market value of $100,000. Prepare the journal e necessary to record the issuance of the stock for the land under eahc of these conditions: (1) the stock h SE6. of $5 and (2) the stock has no par value but stated value of $1 per share. JOURNAL ENTRY rom the following accounts and $ 200,000 100,000 15,000 7,500 $ 200,000 pany sold 5,000 shares of its $1 par . Prepare the journal entries nditions: (1) the stock has a par value SE8. Prepare the journal entries necessar to record Dao Company's following Sto Oct 1 Purchased 2,000 shares of its own $2 par value common stock for $20per share, the current mar price 17 Sold 500 shares of treasury stock purchase Oct 1 f $25 per share 21 Sold 800 shares of treasury stock purchased on Oc for $18 per share Leon Corporation has authorized 400,000 shares of $1 par value common st 280,00 are outstanding. On May15, the board of directors declared a cash d June 15 to stockholders of record on June 1. Prepare the entried using T Acc SE10. dates cord Dao Company's following Stock transactions during 2014 000 shares of its own $2 par value for $20per share, the current market price of treasury stock purchase Oct 1 for of treasury stock purchased on Oct 1 for $18 per share shares of $1 par value common stock, of whick 320,00 are issued and oard of directors declared a cash dividend of $0.20 per share , payable on 1. Prepare the entried using T Accounts, as necessary, for each of the three On February 15th, Mite Corporati shares of its $10 par value commo held in treasury. The stock divide marlet value of the common stock cash dividend. No other stock tra SE11. transactions of Feb 15, Mar 1, and n February 15th, Mite Corporation's board of directors declared a 2% stock dividend applicable to the outstanding ares of its $10 par value common stock, of which 400,000 shares are authorized, 260,000 are issued, and 40,000 are ld in treasury. The stock divided was distributed n March 15 to stockholdersof record on Mar 1. On Feb 15, the arlet value of the common stock was $15 per share. On Mar 30, the board od Directors declared a $.50 per share sh dividend. No other stock transactions have occured. Prepare journal entries to record, as necessary, the ansactions of Feb 15, Mar 1, and Mar 15 and Mar 30. le to the outstanding e issued, and 40,000 are r 1. On Feb 15, the ared a $.50 per share necessary, the On August 10,2014, Geller, Inc's board of directors declared a 3-for-1 stock split of its p which 400,000 shares wer authorized and 125,000 were issued and outstanding. The m $60 per share. On the same date, the balance of additional paid in capital was $3,00,00 retained earnings was $3,250,00. Prepare the stockholders equity section ofthe compa SE12. stock split. What entry, if any, is needed to t=record the stock split? ared a 3-for-1 stock split of its par value common stock, of e issued and outstanding. The market valueon that date was onal paid in capital was $3,00,000, and the balance of he ders equity section ofthe company's balance sheet after the e stock split

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Value

Authors: Stephen Penman, S Penman

1st Edition

0231151187, 9780231151184

More Books

Students also viewed these Accounting questions

Question

1. What is the meaning of the information we are collecting?

Answered: 1 week ago

Question

3. How much information do we need to collect?

Answered: 1 week ago

Question

2. What types of information are we collecting?

Answered: 1 week ago