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Need help on the last two. Will give you a rating Italian Stallion has the following transactions during the year related to stockholders' equity. February

Need help on the last two. Will give you a rating
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Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 Issues 6,000 shares of no-par common stock for $16 per share. May 15 Issues 700 shares of $10 par value 12.5% preferred stock for $13 per share. October 1 Declares a cash dividend of $1.25 per share to all stockholders of record (both common and preferred) on October 15 October 15 Date of record. October 31 Pays the cash dividend declared on October 1. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" the first account field.) Answer is complete and correct. No Date General Journal Debit Credit February 01 Cash 96,000 96,000 May 15 9,100 7,000 2,100 October 01 8,375 October 15 October 31 8,375 1 2 3 4 5 Common Stock Preferred Stock Additional Paid-in Capital Dividends Dividends Payable No Journal Entry Required Dividends Payable Cash Cash 33 >>> 33 > > 8,375 8,375 Required information [The following information applies to the questions displayed below.] Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 300 shares of preferred stock and 4,000 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1 Issue 1,100 shares of common stock for $42 per share. 15 Purchase 400 shares of treasury stock for $35 per share. May July 10 Resell 200 shares of treasury stock purchased on May 15 for $40 per share. October 15 Issue 200 shares of preferred stock for $45 per share. December 1 Declare a cash dividend on both common and preferred stock of $0.50 per share to all stockholders of record on December 15. (Hint: Dividends are not paid on treasury stock.) December 31 Pay the cash dividends declared on December 1. Preferred Donnie Hilfiger has the following beginning balances in its stockholders equity accounts on January 1, Stock, $300, Common Stock, $40, Additional Paid-in Capital, $76,000, and Retained Earnings, $30,500. Net income for the year ended December 31, 2021, is $10,800. Taking into consideration the beginning balances on January 1, 2021 and all the transactions during 2021, respond to the following for Donnie Hilfiger. Required: 1. Prepare the stockholders equity section of the balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) Answer is not complete. DONNIE HILFIGER Balance Sheet (Stockholders' Equity Section) December 31, 2021 $ Stockholders' Equity: Preferred Stock Common Stock Additional Paid-in Capital Total Paid-in Capital Retained Earnings Treasury Stock Total Stockholders' Equity 7,000 X 96,040 X 2,100 105,140 $ 105,140 Required information [The following information applies to the questions displayed below] Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 300 shares of preferred stock and 4,000 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1 Issue 1,100 shares of common stock for $42 per share.. May 15 Purchase 400 shares of treasury stock for $35 per share. July 10 Resell 200 shares of treasury stock purchased on May 15 for $40 per share. October 15 Issue 200 shares of preferred stock for $45 per share. December 1 Declare a cash dividend on both common and preferred stock of $0.50 per share to all stockholders of record on December 15. (Hint: Dividends are not paid on treasury stock.) December 31 Pay the cash dividends declared on December 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock, $300, Common Stock, $40; Additional Paid-in Capital, $76,000, and Retained Earnings, $30,500. Net income for the year ended December 31, 2021, is $10,800. Taking into consideration the beginning balances on January 1, 2021 and all the transactions during 2021, respond to the following for Donnie Hilfiger 2. Prepare the statement of stockholders' equity for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) DONNIE HILFIGER Statement of Stockholders' Equity For the Year Ended December 31, 2021 Preferred Stock Common Additional Paid- Retained. Stock in Capital Earnings Treasury Stock Total Stockholders Equity Balance, January 1 Issue Common Stock Purchase Treasury Stock Resell Treasury Stock Issue Preferred Stock Declare Cash Dividends Net Income Balance, December 31 $ $ 0 $ 0 S 0 $ $ 0

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