The stockholders equity accounts of Ivanhoe Corporation on January .pdf

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The stockholders' equity accounts of Ivanhoe Corporation on January 1, 2027, were as follows. Preferred Stock (7%, $100 par noncumulative, 4,400 shares authorized) Common Stock ($4 stated value, 294,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (4,400 common shares) Feb. 1 Mar. 20 Oct. 1 Nov. Dec. During 2027, the corporation had the following transactions and events pertaining to its stockholders' equity. 1 1 $264,000 Dec. 31 940,800 13,200 470,400 699,500 35,200 Issued 4,400 shares of common stock for $30,800. Purchased 1,400 additional shares of common treasury stock at $8 per share. Declared a 7% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1. Declared a $0.70 per share cash dividend to common stockholders of record on December 15, payable December 31, 2027. Paid the dividend declared on December 1. The stockholders equity accounts of Ivanhoe Corporation on January 1, 2027, were as follows. During 2027, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,400 shares of common stock for $30,800. Mar. 20 Purchased 1,400 additional shares of common treasury stock at $8 per share. Oct. 1 Declareda 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec 1 Deciared a $0.70 per share cash dividend to common stockholders of record on December 15, payable December 31. 2027. Dec. 31 Paid the dividend declared on December 1. (a) Prepare a tabular summary that includes the January 1, 2027, balances. Do not include the beginning balance in Retained (b) Record the 2027 transactions in the tabular summary. Include margin explanations for the changes in revenues and expenses. (Round answers to 0 decimal ploces, eg. 5,275.) - Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. - Increases in expenses require a negative sign or parentheses. - Increases in Discount on Bonds Poyable require a negotive sign or parentheses. - Increases in Treasury Stock require a negative sign or parentheses. (a) BaL. (b) Feb, 1 Mar.20 Oct. 1 Nov. 1 Dec 1 Dec. 31 $$$$ 30,800 . Stockholders' Equity Retained Earnings Treasury Stock Revenue Expense Dividend ; $$ 5 I. Retained Earnings Expense $ Dividend $ Commonstock Dividends Interest expense Paid-in- capital in excess of common stock Paid in-capital in excess of preferred stock Preferred stock.

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The stockholders' equity accounts of Sheffield Corporation on January 1, 2022, were as follows. During 2022, the corporation had the following transactions and events pertaining to its stockholders ' equity. Feb. 1 Issued 24,000 shares of common stock for $117 , 000 . Apr. 14 Sold 6,000 shares of treasury stock-common for $33 , 700 . Sept. 3 Issued 5,100 shares of common stock for a pathit valued at $35 , 000 . Nov. 10 Purchased 1,100 shares of common stock for the treasury at a cost of $5 , 700 . Dec. 31 Determined that net income for the year was $420 , 000 , No dividends were declared during the year. Journalize the transactions and the closing entry for net income. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Enter the beginning balances in the accounts, and post the journal entries to the stockholders' equity accounts. (Use J5 for the posting reference.) (Postentries in the order of joumal entries presented in the previous part.) Preferred Stock Retained Earnings eTextbook and Media Assistance Used List of Accounts Attempts: 3 of 5 used Prepare a stockholders' equity section at December 31, 2022. (Enter the account name only and do not provide the descriptive information provided in the question.) SHEFFIELD CORPORATION Balance Sheet (Partial) December 31,2022 Stockholders' Equity Paid-in Capital Capital Stock: Preferred Stock Common Stock Total Capital Stock Additional Paid in Capital Paid in Capital in Evcess of Par-Preferred Stock Paid in Capital in Excess of Stated Value Common Stock Paid-in Caphtal from Treasury Stock Total Additional Paidfin Capitat Total Paid-in Capital Retained Earnines Total Paid-in Capital and Retahed Cornizgs ? Treasary stock Total Stockholders' Equity.

The stockholders' equity accounts of Sheffield Corporation on January.pdf

aasmaainternational

On January 1, 2022, Ivanhoe Corporation had the following stockholders' equity accounts. Common Stock ($24 par value, 61,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings During the year, the following transactions occurred. Mar. 1 Apr. 1 July 1 Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February. Announced a 2-for-1 stock split. Prior to the split, the market price per share was $40. Declared a 15% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $14 per share. Issued the shares for the stock dividend. Declared a $0.40 per share dividend to stockholders of record on December 15, payable January 5, 2023. Determined that net income for the year was $365,500. 31 Dec. 1 $1,464,000 31 191,000 619,000 Common Stock Date Explanation Ref Debit Credit Balance Balance Common Stock Dividends Distributable Date Explanation Ref Debit Credit Balance Paid-in Capital in Excess of Par- Common Stock Date Explanation Ref Debit Credit Balance Balance Retained Earnings Date Explanation Ref Debit: Credit Balance Balance Net income Date Account Titles and Explanation Debit Credit Prepare a stockholders' equity section at December 31. (Enter account nome only and do not provide descriptive informotion.) IVANHOE CORPORATION Balance Sheet (Partial) On January 1, 2022, Ivanhoe Corporation had the following stockholders' equity accounts. During the year, the following transactions occurred. Feb. 1 Declared a \$1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 2 -for- 1 stock split. Prior to the split, the market price per share was $40. July 1 Declared a 15% stock dividend to stockholders of record an July 15, distributable July 31 . On July 1, the market price of the stock was $14 per share. 31 Issued the shares for the stock dividend. Dec. 1 Declared a \$0.40 per share dividend to stockholders of record on December 15, payable January 5, 2023. 31 Determined that net income for the year was $365,500..

On January 1, 2022, Ivanhoe Corporation had the following stockholde.pdf

richardfisler1

The stockholders equity accounts of Miley Corporation on January 1, 2014, were as follows. Preferred Stock (7%, $100 par noncumulative, 5,000 shares authorized) = $300,000 Common Stock ($4 stated value, 300,000 shares authorized) =1,000,000 Paid-in Capital in Excess of Par Value Preferred Stock) =15,000 Paid-in Capital in Excess of Stated Value Common Stock = 480,000 Retained Earnings =710,000 Treasury Stock (5,000 common shares) = 40,000 During 2014, the corporation had the following transactions and events pertaining to its stockholders equity. Feb. 1 Issued 5,000 shares of common stock for $30,000. Mar. 20 Purchased 1,000 additional shares of common treasury stock at $7 per share. Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2014. Dec. 31 Determined that net income for the year was $280,000. Paid the dividend declared on December 1. I am trying to perform a tabular summary with beginning balances on Jan 1 2014 and am confused with the calculations.

The stockholders equity accounts of Miley Corporation on January 1- 20.pdf

ankitgarg9513

Blossom Company had these transactions during the current period. Nov. 28June 12Issued 78,000 shares of $1 par value common stock for cash of $292,500.July 11Issued 2,500 shares of $100 par value preferred stock for cash at $104 per share. Nov. 28Purchased 1,000 shares of treasury stock for $7,100. Prepare a tabular summary to record the Blossom Company transactions. (Ifa transaction causes a decrease in Assets, Liabilities or Stockholders\' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Stockholders\' Equity Paid-in-Capital Retained Earnings Cash +Common Stock+ PIC in Excess of Pa +Pref. Stock + + Revenue ExpenseDividend Com. Pref June 22 July 11 Nov. 28 Solution Cash Liabilities Common stock PIC in excess of par Com. Pref. stock PIC in excess of par Pref. Treasury stock Revenue Expenses Dividend 22-Jun 292500 78000 214500 11-Jul 260000 250000 10000 28-Nov -7100 -7100.

Blossom Company had these transactions during the current period..pdf

manjan6

Problem 11-2A Fechter Corporation had the following stockholders’ equity accounts on January 1, 2017: Common Stock ($5 par) $536,800, Paid-in Capital in Excess of Par—Common Stock $193,790, and Retained Earnings $100,450. In 2017, the company had the following treasury stock transactions. Mar. 1 Purchased 5,700 shares at $9 per share. June 1 Sold 1,040 shares at $13 per share. Sept. 1 Sold 1,980 shares at $10 per share. Dec. 1 Sold 1,310 shares at $7 per share. Fechter Corporation uses the cost method of accounting for treasury stock. In 2017, the company reported net income of $32,820 ournalize the treasury stock transactions, and prepare the closing entry at December 31, 2017, for net income. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select \"No Entry\" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS Paid-in Capital from Treasury Stock Date Explanation Ref. Debit Credit Balance J10 J10 J10 Treasury Stock Date Explanation Ref. Debit Credit Balance J10 J10 J10 J10 Retained Earnings Date Explanation Ref. Debit Credit Balance Balance ? J10 SHOW LIST OF ACCOUNTS Date Account Titles and Explanation Debit Credit Jan. 1Mar. 1June 1Sept. 1Dec. 1Dec. 31 Jan. 1Mar. 1June 1Sept. 1Dec. 1Dec. 31 Jan. 1Mar. 1June 1Sept. 1Dec. 1Dec. 31 Dec. 1 Jan. 1Mar. 1June 1Sept. 1Dec. 1Dec. 31 SHOW LIST OF ACCOUNTS Solution Journal Entries: Date Account Titles and Explanation Debit Credit Mar. 1 Treasury Stock (5700*$9) $ 51,300.00 Cash $ 51,300.00 (Being shares repurchased ) June. 1 Cash (1040*$13) $ 13,520.00 Paid-in Capital from Treasury Stock = 13520 - 9360 $ 4,160.00 Treasury Stock (1040*$9) $ 9,360.00 (Being treasury shares reissued) Sept. 1 Cash (1980*$10) $ 19,800.00 Paid-in Capital from Treasury Stock = 19800-17820 $ 1,980.00 Treasury Stock (1980*$9) $ 17,820.00 (Being treasury shares reissued) Dec. 1 Cash (1310*$7) $ 9,170.00 Paid-in Capital from Treasury Stock = 11790-9170 $ 2,620.00 Treasury Stock (1310*$9) $ 11,790.00 (Being treasury shares reissued) Dec. 31 Income Summary $ 32,820.00 Retained Earnings $ 32,820.00 (Being bet inc0me closed) Paid-in Capital from Treasury Stock Date Explanation Ref. Debit Credit Balance June. 1 J10 $ 4,160.00 $ 4,160.00 Sept. 1 J10 $ 1,980.00 $ 6,140.00 Dec. 1 J10 $ 2,620.00 $ 3,520.00 Treasury Stock Date Explanation Ref. Debit Credit Balance Mar. 1 J10 $ 51,300.00 $ 51,300.00 June. 1 J10 $ 9,360.00 $ 41,940.00 Sept. 1 J10 $ 17,820.00 $ 24,120.00 Dec. 1 J10 $ 11,790.00 $ 12,330.00 Retained Earnings Date Explanation Ref. Debit Credit Balance Balance $ 100,450.00 $ 100,450.00 Dec. 31 J10 $ 32,820.00 $ 133,270.00 FECHTER CORPORATION Balance Sheet (Partial) For the Year Ended December 31, 2017 Common Stock ($5 par) $ 536,800.00 Paid-in Capital in Excess of Par—Common Stock $ 193,790.00 Retained Earnings $ 133,270.0.

Problem 11-2A Fechter Corporation had the following stockholders’ eq.pdf

ajantaopt

Problem 11-2A Fechter Corporation had the following stockholders’ eq.pdf

ajantahandlooms14

Graded Assignments Stockholders' Equity The balance sheet of Love Lizzo Incorporated included the following shareholders' equity accounts at December 31. 2022: During 2022, the following events and transactions occurred: - On February 28th, the board of directors declared a property dividend of 7,000 shares of Sowell Corporation common stock that Lizzo had purchased in January as an investment with a cost basis of $125,000. The investment shares had a fair value of $20 per share and were distributed March 31st to shareholders of record March 15th. - On June 30th, a 5\% common stock dividend was declared and distributed. The market value of the common stock was $30 per share. - On September 5 th, the company reissued 1,000 shares of treasury stock at a price of $31 per share. - On December 1st, the board of directors declared the annual cash dividend of 6% on the 10,000 preferred shares, payable on December 28th to shareholders of record December 20th. - On December 1st, the board of directors declared a cash dividend of $0.20 per share on its common shares, payable on December 28th to shareholders of record December 20th. - On December 29th, the company issued 50,000 shares of common stock at a price of $35 per share. - On December 15, a 2-for-1 stock split was declared and distributed. The market value of the $3 par common stock was $40 per share. Hint: the number of treasury shares are affected by this stock split. - Net income for the year was $5,877,000. Required: Part 1: Record the journal entries for each transaction and supporting calculations for each journal entry as necessary. Remember to keep track of the number of shares outstanding, as applicable, for each transaction. Hint: Creating T-accounts and updating each time a journal entry is recorded is helpful. Part 2: Prepare a rellforward of the shareholders' equity section of the balance sheet for Love Lizzo, Inc, at December 31, 2022. Part 3: How many shares of common stock are authorized, issued and outstanding?.

Graded Assignments Stockholders Equity The balance sheet of Love Liz.pdf

concordpharma

Winnie Corporation was organized on January 1, 2022. It is authorized to issue 100,000 sibrtansactions occurred stock with a stated value of $4 per share. The following select equity, debt and invest during the first year of operations. Jan. 15 Issued 30,000 shares of common stock for cash at $7 per share. Feb. 1 Issued $1 , 000 , 000 , 10$5 , 5 -year bonds at 100 . Mar. 8 Purchased 6,000 shares of Wes Corporation common stock ( 6% interest) for $240 , 000 cash. Apr. 15 Purchased 6,000 shares of common stock for the treasury at $42 , 000 . May 1 Purchased 100 , $1 , 0009% Jenny bonds for $100 , 000 . Interest is payable semiannually on May 1 and November 1 . 4 Sold 4,000 shares of treasury stock for $36 , 000 . 15 Issued 10,000 shares of common stock for cash at $10 per share. 17 Sold the remaining 2,000 shares of treasury stock for $8 , 000 . 19 Declared a cash dividend of $2 per share to stockholders on record on May 31. Jun. 15 Paid the $2 cash dividend. Sept. 1 Purchased 40,000 shares of JW Company common stock for $600 , 000 ( $15 per share). This represents 30% of JW's outstanding shares. Oct. 1 Sold 4,000 shares of Wes Corporation Common Stock for $168 , 000 . Nov. 1 Received the semiannual interest on the Jenny bonds. 2 Declared a 10% stock dividend to stockholders of record on November 15, distributable Nov. 30. On Nov. 2, the market price of the stock was $8 per share. 5 Wes Corporation declared and paid a $25 , 000 cash dividend. 28 JW Company declared and paid a cash dividend of $50 , 000 . 30 Issued the shares for the stock dividend. Dec. 31 Wes Corporation reported net income of $150 , 000 . The market price of Wes was $38 per share. 31 The Jenny Company Bonds had a fair value of $103 , 000 . 31 JW Company reported a net income of $200 , 000 for the year. 31 Accrued interest expense on the bonds. 31 Accrued interest revenue on the bonds. Instructions: Journalize the above transactions. Prepare the adjusting entries at December 31,2022 , to report the investment securities at fair value. All securities are considered to be short-term, except for the JW Company commn stock..

Winnie Corporation was organized on January 1- 2022- It is authorized.pdf

aadheshwarahmednagar

Print by: Diana Urresta Waith AB116: Accounting II / 116_Unit 07 Assignment *Problem 13-1A DeLong Corporation was organized on January 1, 2014. It is authorized to issue 14,800 shares of 8%, $100 par value preferred stock, and 497,600 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 75,400 shares of common stock for cash at $4 per share. Mar. 1 Issued 5,600 shares of preferred stock for cash at $109 per share. Apr. 1 Issued 23,400 shares of common stock for land. The asking price of the land was $90,800. The fair value of the land was $90,000. May 1 Issued 79,400 shares of common stock for cash at $4.70 per share. Aug. 1 Issued 10,400 shares of common stock to attorneys in payment of their bill of $43,900 for services performed in helping the company organize. Sept. 1 Issued 11,900 shares of common stock for cash at $5 per share. Nov. 1 Issued 2,580 shares of preferred stock for cash at $110 per share. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 10 Mar. 1 Apr. 1 May 1 Aug. 1 Sept. 1 Nov. 1 Post to the stockholders’ equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Date Explanation Ref Debit Credit Balance J5 J5 Common Stock Date Explanation Ref Debit Credit Balance J5 J5 J5 J5 J5 Paid-in Capital in Excess of Par-Preferred Stock Date Explanation Ref Debit Credit Balance J5 J5 Paid-in Capital in Excess of Stated Value-Common Stock Date Explanation Ref Debit Credit Balance J5 J5 J5 J5 J5 Prepare the paid-in capital section of stockholders’ equity at December 31, 2014. (Enter the account name only and do not provide the descriptive information provided in the question.) DELONG CORPORATION Balance Sheet (Partial) December 31, 2014 $ $ $ Question Attempts: 0 of 5 used Copyright © 2000-2014 by John Wiley & Sons, Inc. or related companies. All rights reserved. Print by: Diana Urresta Waith AB116: Accounting II / 116_Unit 07 Assignment *Problem 13-6A Irwin Corporation has been authorized to issue 20,800 shares of $100 par value, 10%, noncumulative preferred stock and 981,000 shares of no-par common stock. The corporation assigned a $2.50 stated value to the common stock. At December 31, 2014, the ledger contained the following balances pertaining to stockholders’ equity. The preferred stock was issued for land having a fair value of $142,900. All common stock issued was for cash. In November, 1,500 shares of common stock were purchased for the treasury at a per share cost of $14. In December, 500 shares of treasur.

Print by Diana Urresta Waith AB116 Accounting II 116_Uni.docx

ChantellPantoja184

Complete Week Four Assignment in WileyPLUS: • Exercise Do It! 11-1 • Exercise E11-15 • Exercise E11-16 • Problem P11-6A • Problem P11-8A Week 4 assignment Question 1 Correct. Indicate whether each of the following statements is true or false. 1. The corporation is an entity separate and distinct from its owners. (True) 2. The liability of stockholders is normally limited to their investment in the corporation. (True) 3. The relative lack of government regulation is an advantage of the corporate form of business. (False) 4. There is no journal entry to record the authorization of capital stock. (True) 5. No-par value stock is quite rare today. (False)

Week 4 wiley plus assignment

DonnieMax

Cash Dividends Date Explanation Ref Feb. 1 Dec. 1 Dec. 31 Debit Credit Balance Stock Dividends Date July 1 Dec. 31 Explanation Ref Credit Balance eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer Journalize the transactions and the closing entries for net income and dividends. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) July 31 Dec. 1 Common Stock Dividends Distributable Common Stock Cash Dividends Dividends Payable Income Summary Retained Earnings (To close net income) Retained Earnings Stock Dividends (To close stock dividends) Dec. 31 136500 Cash Dividends Retained Earnings 151200 Prepare a stockholders' equity section at December 31. (Enter account name only and do not provide descriptive information.) On January 1, 2022, Oriole Corporation had the following stockholders' equity accounts. During the year, the following transactions occurred. Feb. 1 Declared a \$2 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $39. July 1 Declared a 10\% stock dividend to stockholders of record on July 15, distributable July 31 . On July 1, the market price of the stock was $15 per share. 31 Issued the shares for the stock dividend. Dec. 1 Declared a \$0.40 per share dividend to stockholders of record on December 15, payable January 5, 2023. 31 Determined that net income for the year was $357,500. Enter the beginning balances, and post the entries to the stockholders' equity accounts. (Note: Open additional stockholders' equity accounts as needed.) (Post entries in the order of journal entries presented in the previous part.) Paid-in Capital in Excess of Par-Common Stock Date Explanation Ref Debit Jan. 1 Balance July 1v Credit Balance 212000 Retained Earnings Date Explanation Ref Debit Credit Jan.1 v Balance Dec.31 v Net income Dec.31 Stock dividend Dec.31 Cash dividend Balance 936500 779000 627800.

Cash Dividends Date Explanation Ref Feb. 1 Dec. 1 De.pdf

beautyleathers40

Sun Corporation received a charter that authorized the issuance of 118,000 shares of $7 par common stock and 20,000 shares of $100 par, 7 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation: Year 1 Jan. 5 sold 17,700 shares of the $7 par common stock for $9 per share. 12 sold 2,000 shares of the 7 percent preferred stoek for $110 per share. Apr. 5 sold 23,600 shares of the $7 par comnon stoek for $11 per share. Dec. 31 During the year, earned $303 , 600 in cash revenue and paid $235 , 200 for cash operating expenses. 31 Declared the cash dividend on the outstanding shares of preferred stock for Year 1. The dividend will be paid on February 15 to stockholders of record on January 10 , Year 2 . Year 2 Feb.15 Paid the cash dividend declared on December 31, Year 1. Mar. 3 sold 3,000 ahares of the $100 par preferred stock for $120 per share. May 5 Purchased 600 shares of the common stoek as treasury stock, at $14 per share. Dec.31 During the year, earned $251 , 200 in cash revenues and paid $170 , 500 for cash operating expenses. 31 Declared the annual dividend on the proferred stoek and a $0.50 per share dividend on the common stock. Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare the stockholders' equity section of the balance sheet at December 31, Year 1 . c. Prepare the balance sheet at December 31, Year 2. Complete this question by entering your answers in the tabs below..

Sun Corporation received a charter that authorized the issuance of 118.pdf

ssuser58be4b1

1)Journal entries T- Accounts Common Stock Common Stock dividends distributable Paid in capital in excess of par - common stock Retained earnings Cash dividends 235,776 $483,144 Stockholders equity Common stock (145920 shares @11) $1,605,120 Paid in capital in excess of par- common stock 246,060 Total paid in capital $1,851,180 Add: Retained earnings 483,144 Total Stockholder\'s equity $4,185,504DateDescriptionDebitCreditFeb1Dividends$192,000To Dividends payable( 64,000@3)$192,000March 1Dividends payable$192,000To Cash$192,000April 1No Entry(64,000*2 = 128,000 shares @11July 1Stock dividends(128000@14%@14)$250,880To Stock dividend distributable(17,920@11)$197,120To Addittional paid in capital$ 53,760July 31Stock dividend distributable$197,120To Common stock$197,120Dec 1Dividend$43,776To dividend payable(128,000+17920 ) .30$43,776Dec 31Income summary$371,000To Retained earnings$371,000Retained earnings$250,880To Stock dividends$250,880Retained earnings$235,776To dividends$235,776 Solution 1)Journal entries T- Accounts Common Stock Common Stock dividends distributable Paid in capital in excess of par - common stock Retained earnings Cash dividends 235,776 $483,144 Stockholders equity Common stock (145920 shares @11) $1,605,120 Paid in capital in excess of par- common stock 246,060 Total paid in capital $1,851,180 Add: Retained earnings 483,144 Total Stockholder\'s equity $4,185,504DateDescriptionDebitCreditFeb1Dividends$192,000To Dividends payable( 64,000@3)$192,000March 1Dividends payable$192,000To Cash$192,000April 1No Entry(64,000*2 = 128,000 shares @11July 1Stock dividends(128000@14%@14)$250,880To Stock dividend distributable(17,920@11)$197,120To Addittional paid in capital$ 53,760July 31Stock dividend distributable$197,120To Common stock$197,120Dec 1Dividend$43,776To dividend payable(128,000+17920 ) .30$43,776Dec 31Income summary$371,000To Retained earnings$371,000Retained earnings$250,880To Stock dividends$250,880Retained earnings$235,776To dividends$235,776.

1)Journal entriesT- AccountsCommon StockCommon Stock dividends.pdf

anushkaent7

(i) Werck the icon to vere the trpssictons) More info Requirements 1. Joumake thin trangackons 2. Cwcinte the balince in Retaned Eamingen en Decutber 31,2027 Asturhe the balerio on dantary 1, 2027 ans f 5 Dod atid red liccene les tho yoar was t44s 000 3. Fiepare the stocktoldes' equity secton of the hadince shent as of December 31, 202 t flefe was to prefored alock nsepid pror to the 2007 tiansptions. Jan. 1. Lssued 70,000 stares of $10 par vatue common stock for a total of $1 , 050 , 000 . Dec. 31: Paid the cash dividends Dec 31. Distributed the stock dividend Requirement 2, Cakulate the balance in Retained Earnings on December 31, 2027. Assume the bakance on danuary 1,2027 was $5 , 000 and net income for tho yoar was $445 , 000 Complote the table below to calculate the balance in Rotained Earnings on December 31, 2027. Bevicre the iournal entyes from fequicencent i. .

(i) Werck the icon to vere the trpssictons) More info Requirements 1-.docx

hoggardbennie

(i) Werck the icon to vere the trpssictons) More info Requirements 1-.docx

AsserWagdy1

(1 point) The Normal distribution with mean = 6.8 and standard deviation = 1.6 is a good description of the lowa Test vocabulary scores of seventh grade students in Gary, Indiana. This is a continuous probability model for the score of a randomly chosen student. Figure 3.1 (p. 68) pictures the density curve. Call the score of a randomly chosen student X for short. Note: If necessary, use <= to represent and >= to represent . (a) Write the event "the student chosen has a score of 5.2 or lower" in terms of X . (b) Find the probability of an event which represents "the student chosen has a score of 5.2 or lower". .

(i) Werck the icon to vere the trpssictons) More info Requirements 1-.docx

asser7

1) Which of the following is false? A) Management cannot dispute findings made by internal audit B) Auditors cannot build relationships with the business without violating the principle of objectivity C) Auditors who lack knowledge of the business may have a more difficult time establishing credibility D) Internal auditing typically knows more about the function being audited than the audit client E) All of the above are false 2) Which of the following is not part of the definition of internal auditing? A) Risk management B) Implement internal controls C) Consulting D) Governance E) Add value 3) Which of the following is not cited in week 3 as a limitation of a system of internal controls? A) Cost/benefits trade-offs in establishing controls B) Collusion C) Management overrides D) Absence of an internal controls framework E) Lack of training in control procedures 4) Which of the following is true about the IPPF? A) By law in the U.S. internal auditing departments must comply with all the IIA Standards . B) Interpretations are not considered to be mandatory guidance C) The Code of Ethics is part of the Standards D) Independence as defined in the IPPF is a concept dealing with an unbiased mental attitude E) None of the above items are true PLEASE EXPLAIN YOUR REASON FOR PICKING YOUR ANSWER. .

(i) Werck the icon to vere the trpssictons) More info Requirements 1-.docx

jamesv14

The following transactions relate to Penelope Inc. Prepare journal entries for each transaction. Prepare the equity section of the balance sheet at each year-end, December 31. Assume 2013 was Penelope’s first year of operations. 1.Penelope issued 1,000 shares of $1 par value common stock for $70 per share on January 1, 2013. DATE ACCOUNT NAME DEBIT CREDIT BALANCE SHEET INCOME STMT A = L + E R - E 1/1/13 2.Penelope issued 500 shares of no par value, $5, non-cumulative preferred stock for $50 per share on January 1, 2013. DATE ACCOUNT NAME DEBIT CREDIT BALANCE SHEET INCOME STMT A = L + E R - E 1/1/13 1.Penelope reported net income of $2,000 during 2013 and paid no dividends. Prepare the company’s equity section of the December 31, 2013, balance sheet. Stockholders’ Equity: Total Stockholders’ Equity 2.On January 1, 2014, Penelope purchased 200 shares of its common stock for $60 per share. DATE ACCOUNT NAME DEBIT CREDIT BALANCE SHEET INCOME STMT A = L + E R - E 1/1/14 3.On December 15, 2014, Penelope declared and paid dividends totaling $6,600 during 2014. Prepare the company’s equity section from December 31, 2014. DATE ACCOUNT NAME DEBIT CREDIT BALANCE SHEET INCOME STMT A = L + E R - E 12/15/14 Class of Stock Total Dividend Dividend Per Share Preferred Common 4.Penelope reported net income of $20,000 during 2014. Prepare the company’s stockholders’ equity section of the December 31, 2014, balance sheet. Stockholders’ Equity: Total Stockholders’ Equity DATE ACCOUNT NAME DEBIT CREDIT BALANCE SHEET INCOME STMT A = L + E R - E 1/1/13 Solution 1)a. Cash Debit 70,000 [70 * 1000] Common sto credit 1,000 [1* 1000 ] Additional paid in capital credit 69,000 [69* 1000] [being common stock issued at premium recorded] Asset = liabilities + equity + 70,000 = 0 + +70,000 1b) cash Debit 25,000 [500*50] Preferred stock credit 25,000 [Being preferred stock issued recorded] 1c)Stockholders equity 2) Treasury stock Debit 12,000 [60*200] cash credit 12,000 [being stock repurchased recorded] Asset = Liabilities + equity - 12000 = 0 + (- )12000 3)Retained earnings Debit 6,600 Preferred stock dividend payable credit 2500 [5*500 ] Common stock dividend payable credit 4100 [6600 -2500] [being dividend declared recorded] b)Preferred stock dividend payable Debit 2500 [5*500 ] Common stock dividend payable Debit 4100 cash credit 6600 [being dividend paid recorded] 4)Preferred stock25,000Common stock1,000Additional paid in capital -common stock69,000Retained earnings2,000stockholders equity97,000.

The following transactions relate to Penelope Inc. Prepare journal e.pdf

amolmobileshop

Acct 221Final Exam Student Name: Question 1: 30 points a. General Journal Entries Date Account Debit Credit b. Partial Classified Balance Sheet Question 2: 5 points a. General Journal Entries Date Account Debit Credit b. Stock Investments Accounts Balance 12/31/14: Question 3: 10 points Question 4: 15 points Date Account Debit Credit Question 5: 10 points a.1. Breakeven Sales Dollars a.2. Breakeven Units b.1. Breakeven Sales Dollars b.2. Breakeven Units Question 6: 5 points Question 7: 6 points Produce Buy Question 1 (30 points) QUESTION 1A On December 31, 2015, Raleigh Corp. had the following balances (all balances are normal): Accounts Amount Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and outstanding) $1,000,000 Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding) $1,000,000 The following events occurred during 2015 and were not recorded: a On January 1, Raleigh Corp. declared a 5% stock dividend on its common stock when the market value of the common stock was $15 per share. Stock dividends were distributed on January 31 to shareholders as of January 25.  c. On February 15, Raleigh reacquired 1,000 shares of common stock for $20 each.  d. On March 31, Raleigh reissued 250 shares of treasury stock for $25 each.  e. On July 1, Raleigh reissued 500 shares of treasury stock for $16 each.  f. On October 1, Raleigh declared full year dividends for preferred stock (see outstanding shares in table above). g. Then, paid preferred shareholders on October 15  h. On October 1, Raleigh also declared $1.50 cash dividends for the 104,750 remaining common outstanding shares.  i. Then, paid common shareholders on October 15.  j. On December 15, Raleigh split common stock 2 shares for 1. QUESTION 1B Given below is information for the Stockholder Equity section of Jones Balance Sheet as of December, 2014 b 8% Preferred stock, $100 par value, 10,000 shares authorized, 5,000 shares issued and outstanding. c Common stock, no par, $2 stated value, 500,000 shares authorized, 204,000 shares issued and outstanding d Additional paid-in capital: Preferred stock in excess of par value is $34,000 Common stock in excess of stated value is $437,000    Requirements: Prepare a Stockholders' section of Jones classified balance sheet as of December 31, 2014. Question 2 (5 points) On January 1, 2016, XYZ Company purchased.

Acct 221Final Exam Student NameQuestion 1 30 pointsa. .docx

nettletondevon

IAS 33 Earnings Per Share.ppt

Bappy33

Similar to The stockholders equity accounts of Ivanhoe Corporation on January .pdf (20)