Mail - S X W St. Loui X In Course x a Amazor X BL JBL Pul X & Uber vs X Look U X Ellucian X In Fall 202 x Course X Cengac X table_9 x . table_9 x MindTa x | Order s x | C # v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false NO Chapter 11 eBook Calculator 1. EX. 11.01 Feedback 2. EX. 11.02.ALGO Check My Work Partially correct 3. EX. 11.04.ALGO 4. EX.11.05.ALGO b. Reacquired 300 shares of common stock at $18 per share on August 1. Activity Financing V 5. EX. 11.07.ALGO Accounts Cash Decrease, Treasury Stock Increase v 6. EX. 11.08.ALGO Statement(s) Balance Sheet only v 7. EX. 11.09.ALGO Feedback Check My Work How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry" and leave the amount box blank. If the effect on a financial statement item is negative, i.e, a decrease, be sure to enter the answer with a minus sign. Balance Sheet Income Statement Stockholders' Assets Liabilities Equity Revenues Expenses Cash v No Entry Treasury Stock V No Entry V No Entry V Feedback Check My Work 2. Assume that the company resold the shares of treasury stock at $28 per share on October 1. The resale price of the treasury stock is $47,600, which when compared to its original cost, yielded excess of selling price over cost v in the amount of $ . This "excess" or "gain" is shown on the balance sheet as a(n) increase v in the additional paid-in capital - treasury stock v account. Feedback Progress: 5/7 items Check My Work Previous Next Assignment Score: 36.45% Email Instructor Save and Exit Submit Assignment for GradingMail - S X W St. Loui X In Course x a Amazor X BL JBL Pul X & Uber vs X Look U X Ellucian X In Fall 202 x Course X Cengac X table_9 x table_9 x MindTa x Order s x C A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false NO Chapter 11 eBook Calculator 1. EX. 11.01 Treasury Stock The Stockholders' Equity section of Tipton Corporation's balance sheet on January 1, 2017, appeared as follows: 2. EX. 11.02.ALGO Common stock, $10 par, 10,000 shares issued and outstanding $100,000 3. EX. 11.04.ALGO Additional paid-in capita 50,000 Retained earnings 80,000 4. EX.11.05.ALGO Total stockholders' equity $230,000 5. EX. 11.07.ALGO Required: 6. EX. 11.08.ALGO 1. Identify and analyze the effect of each transaction. 7. EX. 11.09.ALGO The following transactions occurred during 2017: a. Reacquired 1,400 shares of common stock at $20 per share on July 1. Activity Financing v Accounts Cash Decrease, Treasury Stock Increase v Statement(s) Balance Sheet only v Feedback Check My Work How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry" and leave the amount box blank. If the effect on a financial statement item is negative, i.e, a decrease, be sure to enter the answer with a minus sign. Balance Sheet Income Statement Stockholders' Assets Liabilities Equity Revenues Expenses Cash V No Entry V Treasury Stock V No Entry V No Entry V Feedback Check My Work Partially correct Progress: 5/7 items Check My Work Previous Next Assignment Score: 36.45% Email Instructor Save and Exit Submit Assignment for Grading
