Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The stockhalders' equity acrounts of Pina Colada Corp. on danuary 1,2022 , wern as follons. During 2022 the corporation had the following transactions and events
The stockhalders' equity acrounts of Pina Colada Corp. on danuary 1,2022 , wern as follons. During 2022 the corporation had the following transactions and events pertaining, to its stockhelders' equity Fea. 1 Issuad 5,000 shsres of pamman stock for $20,000. Mar. 20 Purchasod 1,000 add tional shares of common troasury stock at $7 por sharo Oct. 1 Declarad a 7 a cash d widend on preferrad steck, perable Nowember 1. Now. 1 Paid the dividerdeclaredon October 1. Dec. 1 Declared a $0.65 per share cash dividend to cemmon stockhelders of record on December 15 , payable December 31,2022. [Dec. 31 Paid the dividerddeclared on Cecember 1. {d}{b} Your ansaer is partiall correct. (a) Prepere at tabular summary that indudes the Jaruary 1, 2022, balances. Do not include the bepinning talance in Retsined [arninge in tie tabular summary It. Recerd the 2022 transactions in the tabular summary. Item that was meduod i Fab. 1 lssued 5000 shares of common stock tor $30,000. Mar. 20 Furchased 1000 additional shares of common tresarrstock at $7 per share. Det 1 Deciareda FKczehdrwidend on pretened stock, payzble Nowember 1. Now. 1 Paid the dlvicend declared on Cctober 1. Dec. 1 Dedared a $0.55 per aharecazh dlvidend to common socitolders of rocord on December 15 , payable Docember 31 , 202 Dec 31 Pald the dlicind declared on December 1. (is\}-\{b\} - Your answer is partiallyenrect lij Prepare a tabalar summarp that intudes the lamuary 1, 2092, balarcos. Du rat irachele the bueginning bante in Ret mired (ti) Recurd the 2022 trareations in the tatuats summary Incude marpin explantions tor the changes in rewenues and ewpenses. floound answers bo 0 decimol places, es 5 , 275 . If a enbered for the particwar Asset, Liobilty or Equity item that wos reduced]. The stockhalders' equity acrounts of Pina Colada Corp. on danuary 1,2022 , wern as follons. During 2022 the corporation had the following transactions and events pertaining, to its stockhelders' equity Fea. 1 Issuad 5,000 shsres of pamman stock for $20,000. Mar. 20 Purchasod 1,000 add tional shares of common troasury stock at $7 por sharo Oct. 1 Declarad a 7 a cash d widend on preferrad steck, perable Nowember 1. Now. 1 Paid the dividerdeclaredon October 1. Dec. 1 Declared a $0.65 per share cash dividend to cemmon stockhelders of record on December 15 , payable December 31,2022. [Dec. 31 Paid the dividerddeclared on Cecember 1. {d}{b} Your ansaer is partiall correct. (a) Prepere at tabular summary that indudes the Jaruary 1, 2022, balances. Do not include the bepinning talance in Retsined [arninge in tie tabular summary It. Recerd the 2022 transactions in the tabular summary. Item that was meduod i Fab. 1 lssued 5000 shares of common stock tor $30,000. Mar. 20 Furchased 1000 additional shares of common tresarrstock at $7 per share. Det 1 Deciareda FKczehdrwidend on pretened stock, payzble Nowember 1. Now. 1 Paid the dlvicend declared on Cctober 1. Dec. 1 Dedared a $0.55 per aharecazh dlvidend to common socitolders of rocord on December 15 , payable Docember 31 , 202 Dec 31 Pald the dlicind declared on December 1. (is\}-\{b\} - Your answer is partiallyenrect lij Prepare a tabalar summarp that intudes the lamuary 1, 2092, balarcos. Du rat irachele the bueginning bante in Ret mired (ti) Recurd the 2022 trareations in the tatuats summary Incude marpin explantions tor the changes in rewenues and ewpenses. floound answers bo 0 decimol places, es 5 , 275 . If a enbered for the particwar Asset, Liobilty or Equity item that wos reduced]
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started