Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please fill in the chart based on the information given. Year Ended December 31, 2018 Additional Total Common Stock $ 720.000 $ Balance, December 31,

image text in transcribedplease fill in the chart based on the information given.
image text in transcribed
image text in transcribed
image text in transcribed
Year Ended December 31, 2018 Additional Total Common Stock $ 720.000 $ Balance, December 31, 2017 Sale of treasury stock paid-in Retained Treasury stockholders capital earnings stock equity 145,000 $ 690,000 $ (75.000) $ 1.479,100 4,200 23,100 27300 10,800 18.000 7,200 Issuance of common stock Common stock, $4 par, 450,000 shares authorized, 115,000 shares issued $ 460,000 170,000 Additional paid-in capital-common Total paid-in capital $ 630,000 670,000 Retained earnings Subtotal $ 1,300,000 (57,500) Less: Treasury stock, 2.300 shares at cost $ 1,242,500 Total stockholders' equity Year Ended December 31, 2018 Additional Total Common Stock $ 720.000 $ Balance, December 31, 2017 Sale of treasury stock paid-in Retained Treasury stockholders capital earnings stock equity 145,000 $ 690,000 $ (75.000) $ 1.479,100 4,200 23,100 27300 10,800 18.000 7,200 Issuance of common stock Common stock, $4 par, 450,000 shares authorized, 115,000 shares issued $ 460,000 170,000 Additional paid-in capital-common Total paid-in capital $ 630,000 670,000 Retained earnings Subtotal $ 1,300,000 (57,500) Less: Treasury stock, 2.300 shares at cost $ 1,242,500 Total stockholders' equity

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

Auditing Principles A Systems Based Approach

Authors: Howard F. Stettler

5th Edition

0130517224, 9780130517227

More Books

Students also viewed these Accounting questions