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Please show work, thanks! 6. When the shares were issued on March 1, how much did additional paid in capital increase? 7. $ On June
Please show work, thanks!
6. When the shares were issued on March 1, how much did additional paid in capital increase? 7. $ On June 1st when the dividend was declared, how much did retained earning decrease? 8. : On August 1st when the shares were repurchased, how much did stockholders' equity decrease? 9. On August 1st when the shares were repurchased, how much did net income decrease? 10. $ On October 1st when the shares were reissued, how much did additional paid in capital change (if decrease put "_" in front of the number)? 11. : Compute ending retained earnings on December 31st. 12. $ Compute ending stockholders equity on December 31st. Use the following to answer questions 6-12 The company has two classes of stock authorized: $100.00 par preferred and $0.01 par value common. As of the beginning of 20XC, 1,000 shares of preferred stock and 700,000 shares of common stock have been issued. Record the following transactions to complete the Statement of Stockholders' Equity: beginning balances are shown below. Complete the Statement of Stockholders' Equity using the above information: 6. When the shares were issued on March 1, how much did additional paid in capital increase? 7. $ On June 1st when the dividend was declared, how much did retained earning decrease? 8. : On August 1st when the shares were repurchased, how much did stockholders' equity decrease? 9. On August 1st when the shares were repurchased, how much did net income decrease? 10. $ On October 1st when the shares were reissued, how much did additional paid in capital change (if decrease put "_" in front of the number)? 11. : Compute ending retained earnings on December 31st. 12. $ Compute ending stockholders equity on December 31st. Use the following to answer questions 6-12 The company has two classes of stock authorized: $100.00 par preferred and $0.01 par value common. As of the beginning of 20XC, 1,000 shares of preferred stock and 700,000 shares of common stock have been issued. Record the following transactions to complete the Statement of Stockholders' Equity: beginning balances are shown below. Complete the Statement of Stockholders' Equity using the above informationStep by Step Solution
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