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pls help with both sections Transaction Analysis Common stock, $15 par, 10,000 shares issued, 4.000 outstanding Additional paid in capital Total contributed capital Retained earnings
pls help with both sections
Transaction Analysis Common stock, $15 par, 10,000 shares issued, 4.000 outstanding Additional paid in capital Total contributed capital Retained earnings Treasury stock Total stockholders' equity Henry Company had the following transactions during 2019, its first year of operations. Analyze the transactions and impact on the financial statements. 450,000 200,000 (50,000) 1 Issued 6,000 shares of $10 par common stock for cash at $20 per share. Number of shares in treasury 2 Issued 7,000 shares of common stock on May 1 to acquire a factory building from Barkley Company Barkley had acquired the building in 2013 at a price of $150,000, Horace estimated that the building was worth $200,000 on May 1, 2019 3 Issued 2,000 shares of stock on June 1 to acquire a patent The accountant has been unable to estimate the value of the patent but has determined that Horace's common stock was selling at $25 per share on June 1. 4 Horace Company repurchased 1,000 shares of its own stock at a fair market value of $15 per share. page 1 Assets Liabilities + Equity Revenues - Expenses Net IncomeStep by Step Solution
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