The stockholders equity accounts of Tender Heart Greeting Cards Inc. for the current fiscal year ended December
Question:
The stockholders’ equity accounts of Tender Heart Greeting Cards Inc. for the current fiscal year ended December 31, 2006, are shown on the following page. Prepare a statement of stockholders’ equity for the fiscal year ended December 31,2006.
Transcribed Image Text:
ACCOUNT Common Stock, $2 Par Balance Date Item Debit Credit Debit Credit 1Balance ar. 13 Issued 50,000 shares 500 00000 10000000 ACCOUNT Paid-In Capital in Excess of Par Balance Date ltem Debit Credit Debit Credit 40000000 445 00000 1Balance Mar. 13 Issued 50,000 shares 4500000 ACCOUNT Treasury Stock Balance Date ltem Debit 2500000 Credit Debit 2500000 Credit p, 30Purchased 10,000 shares ACCOUNT Retained Earnings Balance Date Item Debit Credit Debit Credit 1 Balance 31 Income summary 31 Cash dividends 24000000 1315 00000 5000000 ACCOUNT Cash Dividends Balance Date 30 30 Item Debit 2500000 2500000 Credit Debit 2500000 5000000 Credit une 31 Closing 5000000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 46% (13 reviews)
TENDER HEART GREETING CARDS INC Statement of Stockh...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
Question Posted:
Students also viewed these Accounting questions
-
The stockholders' equity T-accounts of Tender Heart Greeting Cards Inc. for the current fiscal year ended December 31, 2007, are as follows. Prepare a statement of stockholders' equity for the fiscal...
-
The stockholders equity accounts of Jajoo Corporation on January 1, 2011, were as follows. Preferred Stock (10%, $100 par noncumulative, 5,000 shares authorized) . $ 300,000 Common Stock ($5 stated...
-
The stockholders equity accounts of G.K. Chesterton Company have the following balances on December 31, 2008. Common stock, $10 par, 300,000 shares issued and outstanding ... $3,000,000 Paid-in...
-
0 3 S 25 cos(x) sin (x) dx -T3
-
Consider the inner product space C[0, 1] with inner product defined by Let S be the subspace spanned by the vectors 1 and 2x - 1. (a) Show that 1 and 2x - 1 are orthogonal. (b) Determine ||1|| and...
-
Linear Approximation and Differentials: (1 point) Estimate Af using the Linear Approximation and use a calculator to compute both the e f(x) = 3+x. Af a = 1. Ax=1 With these calculations, we have...
-
A cash receipts journal is provided in the Working Papers. Work independently to complete the following problem. David Rice and Tanya Taylor agree to form a partnership on July 1 of the current year....
-
Baseballs World Series is a maximum of seven games, with the winner being the first team to win four games. Assume that the Atlanta Braves are playing the Minnesota Twins in the World Series and that...
-
Discuss in detail the types of communication skills and suggest a leader communication strategy for effective leadership communication. Also consider communication strategies found by leaders in the...
-
To compare two programs for training industrial workers to perform a skilled job, 20 workers are included in an experiment. Of these, 10 are selected at random and trained by method 1; the remaining...
-
Why might a business go through different organizational forms through its life cycle?
-
Todd Jost and D. Caldwell decide to form a partnership by combining the assets of their separate businesses. Jost contributes the following assets to the partnership: cash, $6,000; accounts...
-
Find y. Then find z. Round to the nearest tenth. 45 82 28 Z
-
Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows: Year Cash Flow 0 39,100,000 1 2 63,100,000 -12,100,000 a-1.What is the NPV for the project if the...
-
How disasters specifically affect first responders. The category of first responders includes military, firefighters, and police. The roles that first responders are called to serve in are varied and...
-
Instructions 1. For this assignment, we will begin the process of selecting the correct "tool" or Excel function to answer a question. 1a. Create a new sheet titled "Sales 2013&2014" 1b. Import data...
-
Analyze how the economic concentration in the area you chose was influenced by competition and pricing. Analyze how the economic concentration in the area you chose influenced the supply chain. ...
-
Best shoe's manufactures three types of footwear: hiking boots, cross- trainers, and sandals. The planning team is working through market research material for the upcoming season to assist in...
-
Corell Transport hauls heavy cargo between several major cities across the country. Rising fuel costs have caused a concern within upper management over future profit levels. Access the file CORELL...
-
Express these numbers in standard notation. a. 2.87 10-8 b. 1.78 1011 c. 1.381 10-23
-
What are the pros and cons of buffers or redundant resources from a risk perspective as well as from an efficiency perspective?
-
What are the advantages and disadvantages of the single-step income statement?
-
What is the basis for distinguishing between operating and non-operating items?
-
What is the basis for distinguishing between operating and non-operating items?
-
After reviewing the reasons for using nonproabe transfers, are there one or two that jump out as most convincing to use nonprobate transfers rather than the traditional estate administration process....
-
What would be the real cost of borrowing in the following case? A home equity loan is advertised at 4% compounded annually, however, there is a legal fee of $450 and appraisal fee of $350 to set up...
-
Your company is worried that it will not be able to fully support the 2 8 % growth in sales that has been forecast. Calculate the $ amount of additional external financing needed if the firm plans to...
Study smarter with the SolutionInn App