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Martinez Company's December 31, 2020, trial balance includes the following accounts: Investment in Common Stock $74,600, Retained Earnings $121,40O, Trademarks $39,900, Preferred Stock $158,500, Common Stock $63,400, Deferred Income Taxes $90,900, Paid-in Capital in Excess of Par-Common Stock $175,800, and Noncontrolling Interest $63,640. Prepare the stockholders' equity section of the balance sheet.

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Stowe Company’s December 31, 2020, trial balance includes the following accounts: Investment in Common Stock $70,000, Retained Earnings $114,000, Trademarks $31,000, Preferred Stock $152,000, Common Stock $55,000, Deferred Income Taxes $88,000, Paid-in Capital in Excess of Par—Common Stock $174,000, and Noncontrolling Interest $63,000. Prepare the stockholders’ equity section of the balance sheet.

Tamarisk Corporation's adjusted trial balance contained the following accounts at December 31, 2020: Retained Earnings $126,000, Common Stock $765,600, Bonds Payable $109,700, Paid-in Capital in Excess of Par-Common Stock $208,700, Goodwill $59,300, Accumulated Other Comprehensive Loss $154,700, and Noncontrolling Interest $34,200. Prepare the stockholders' equity section of the balance sheet.

Hawthorn Corporation’s adjusted trial balance contained the following accounts at December 31, 2020: Retained Earnings $120,000, Common Stock $750,000, Bonds Payable $100,000, Paid-in Capital in Excess of Par—Common Stock $200,000, Goodwill $55,000, Accumulated Other Comprehensive Loss $150,000, and Noncontrolling Interest $35,000. Prepare the stockholders’ equity section of the balance sheet.

The following transactions were taken from the records of Marimar Company for you to prepare a statement of changes in equity for the year ended December 31, 2019. After preparing the statement of changes in equity, provide a paragraph explaining the importance of providing this information to the varied users of financial statements.  On January 1, 2019, Marimar company had 3,000,000 authorized ordinary shares of P5 par, of which 1,000,000 shares were issued and outstanding on that date. Account balances appear for the shareholders’ equity items of Marimar company on January 1, 2019:Ordinary share capital                    5,000,000Share Premium                              3,750,000Retained Earnings                         1,625,000 The following transactions transpired during the year:January 6           Iissued at P54 per share, 50,000 shares of P50 par, 9% cumulative, convertible preference share capital. Marimar had 125,000 authorized preference shares. Feb. 3…

The stockholders' equity accounts of Whispering Company have the following balances on December 31, 2025. Common stock, $10 par, 304,000 shares issued and outstanding Paid-in capital in excess of par-common stock Retained earnings a. b. Shares of Whispering Company stock are currently selling on the Midwest Stock Exchange at $40. Prepare the appropriate journal entries for each of the following cases. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) C. No. A stock dividend of 7% is (1) declared and (2) issued. A stock dividend of 100% is (1) declared and (2) issued. A 2-for-1 stock split is (1) declared and (2) issued. Account Titles and Explanation O Search $3,040,000 A 1,290,000 5,340,000 & 7 Debit (DOLL 8 Credit

The stockholders' equity accounts of Whispering Company have the following balances on December 31, 2025. Common stock, $10 par, 304,000 shares issued and outstanding Paid-in capital in excess of par-common stock Retained earnings a. Shares of Whispering Company stock are currently selling on the Midwest Stock Exchange at $40. Prepare the appropriate journal entries for each of the following cases. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) b. C. $3,040,000 A stock dividend of 7% is (1) declared and (2) issued. A stock dividend of 100% is (1) declared and (2) issued. A 2-for-1 stock split is (1) declared and (2) issued. 1,290,000 5,340,000

Sarasota Company has the following stockholders’ equity accounts at December 31, 2020. Common Stock ($100 par value, authorized 8,800 shares)   $523,200 Retained Earnings   309,100 (a) Prepare entries in journal form to record the following transactions, which took place during 2021. (1)   280 shares of outstanding stock were purchased at $97 per share. (These are to be accounted for using the cost method.) (2)   A $21 per share cash dividend was declared. (3)   The dividend declared in (2) above was paid. (4)   The treasury shares purchased in (1) above were resold at $103 per share. (5)   480 shares of outstanding stock were purchased at $106 per share. (6)   320 of the shares purchased in (5) above were resold at $96 per share.

Instructions: b)Prepare the stockholders’ equity section of the balance sheet for Wiley Corporation on December 31, 2021. Assume that net income for the year was $1,100,000.

The stockholders' equity accounts of G.K. Chesterton Company have the following balances on December 31, 2025. Common stock, $10 par, 300,000 shares issued and outstanding Paid-in capital in excess of par-common stock Retained earnings Shares of G.K. Chesterton Company stock are currently selling on the Midwest Stock Exchange at $37. Prepare the appropriate journal entries for each of the following cases. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) a. b. C. No. Account Titles and Explanation a. (1) A stock dividend of 5% is (1) declared and (2) issued. A stock dividend of 100% is (1) declared and (2) issued. A 2-for-1 stock split is (1) declared and (2) issued. a. (2) $3,000,000 1,200,000 5,600,000 Debit Credit

The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year: Line Item Description Amount Common Stock, $15 par $154,500 Paid-In Capital from Sale of Treasury Stock 6,700 Paid-In Capital in Excess of Par—Common Stock 12,360 Retained Earnings 255,000 Treasury Stock 9,595   Prepare the "Stockholders' Equity" section of the balance sheet as of June 30. Regarding the common stock, 50,000 shares are authorized, and 505 shares have been reacquired.

The stockholders’ equity accounts of Grouper Company have the following balances on December 31, 2020. Common stock, $10 par,  290,000 shares issued and outstanding   $ 2,900,000 Paid-in capital in excess of par—common stock   1,120,000 Retained earnings   5,110,000 Shares of Grouper Company stock are currently selling on the Midwest Stock Exchange at $ 36.Prepare the appropriate journal entries for each of the following cases. (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.) (a)   A stock dividend of  7% is (1) declared and (2) issued. (b)   A stock dividend of 100% is (1) declared and (2) issued. (c)   A  2-for-1 stock split is (1) declared and (2) issued.   No. Account Titles and Explanation Debit Credit (a) (1) enter an account title for case A to record the declaration of stock dividends…

Washinton Company has the following stockerholders' equity accounts at December 31, 2020. Common Stock ($100 par value, authorized 8,000) $480,000 Retained Earnings 294,000 Instructions: a. Prepare entries in journal form to record the following transactions, which took place during 2021.        1. 280 shares of outstanding stock were purchased at $97 per share. (These are to be accounted for using the cost method.) A $20 per share cash dividend was declared. The dividend declared in (2) above was paid.  The treasury shares purchased in (1) above were resold at $102 per share. 500 shares of outstanding stock were purchased at $105 per share. 350 of the shares purchased in (5) above were resold at $96 per share. b. Prepare the stockholders' equity section of Washington COmpany's balance sheet after giving effect to these transactions, assuming that the net income for 2021 was $94,000. State law requires restriction of retained earnings for the amount of treasury stock.

The following data were taken from the balance sheet accounts of Wildhorse Corporation on December 31, 2024. Current assets Debt investments (trading) Common stock (par value $10) Paid-in capital in excess of par Retained earnings a. b. C. $513,000 605,000 Prepare the required journal entries for the following unrelated items. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in the problem statement.) 501,000 Date 144,000 910,000 A 6% stock dividend is (1) declared and (2) distributed at a time when the market price per share is $40. The par value of the common stock is reduced to $2 with a 5-for-1 stock split. A dividend is declared January 5, 2025, and paid January 25, 2025, in bonds held as an investment. The bonds have a book value of $104,000 and a fair…

Prepare the journal entry. Post to the T account .

Instructions: a. Journalize the transactions and the closing entry for net income. b. Prepare stockholders’ equity section on December 31, 2021.

Based on the above journal: Prepare the company’s Stockholders equity section of the balance sheet at December 31, 2021. (Hint!!!!!!!) The following information must be clearly stated/shown: information on par or par values for all classes of shares which must be shown separately. the number of shares authorized and issued where necessary. the sub total for the total paid in capital. Retained earnings. total stockholders’ equity.

The following information was taken from the accounting records of ATLANTA Company for the year ended December 31, 2021: Net income during the year, P2,250,000Proceeds from the issuance of preference shares, P4,000,000Dividends paid on preference shares, P400,000Bonds payable converted to ordinary shares, P2,000,000Payment for purchase of machinery, P500,000Proceeds from sale of plant building, P1,200,000Retirement of bonds payable at face value, P2,500,0002% bonus issue on ordinary shares, P300,000Purchase of ordinary treasury shares, P120,000Payment for the purchase of debt securities at amortized cost, P450,000Gain on sale of plant building, P200,000Depreciation expense, P188,000Doubtful accounts expense, P87,000Increase in accounts receivable, P325,000Decrease in merchandise inventory, P129,000Increase in investments in equity securities at FVTPL, P440,000Increase in accounts payable, P90,000Decrease in accrued expenses, P225,000Increase in income tax payable, P117,000 How much is…

The stockholders' equity accounts of Pina Company have the following balances on December 31, 2020. Common stock, $1 par, 1,560,000 shares issued and outstanding $1,560,000 Paid-in capital in excess of par 7,080,000 Retained earnings 24,980,000 Shares of Pina Company stock are currently selling on the Philadelphia Stock Exchange at $15. Prepare the appropriate journal entries for each of the following cases. (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 O for the amounts.) (a) A stock dividend of 200% is (1) declared and (2) issued. (b) A stock dividend of 10% is (1) declared and (2) issued. (c) A 3-for-1 stock split is (1) declared and (2) issued.

The stockholders' equity accounts of Vaughn Company have the following balances on December 31, 2025. Common stock, $10 par, 295,000 shares issued and outstanding Paid-in capital in excess of par-common stock Retained earnings $2,950,000 1,280,000 5,950,000 Shares of Vaughn Company stock are currently selling on the Midwest Stock Exchange at $39. Prepare the appropriate journal entries for each of the following cases. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) a. A stock dividend of 7% is (1) declared and (2) issued. b. A stock dividend of 100% is (1) declared and (2) issued. C. A 2-for-1 stock split is (1) declared and (2) issued. No. Account Titles and Explanation a. (1) a. (2) b. (1) b. (2) c. (1) c. (2) Debit Credit

The stockholders' equity accounts of Vaughn Company have the following balances on December 31, 2025. Common stock, $10 par, 295,000 shares issued and outstanding Paid-in capital in excess of par-common stock Retained earnings $2,950,000 1,280,000 5,950,000 Shares of Vaughn Company stock are currently selling on the Midwest Stock Exchange at $39. Prepare the appropriate journal entries for each of the following cases. (List all debit entries before credit entries. Credit account titles are automatically indented when the 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.) a. A stock dividend of 7% is (1) declared and (2) issued. b. A stock dividend of 100% is (1) declared and (2) issued. C. A 2-for-1 stock split is (1) declared and (2) issued. a (1) a. (2) b. (1) b. (2) c. (1) c. (2) Account Titles and Explanation Debit Credit

The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year: $ 3,060,000 Common Stock, $45 par ... Paid-In Capital from Sale of Treasury Stock. Paid-In Capital in Excess of Par-Common Stock. 115,000 272,000 Retained Earnings 20,553,000 Treasury Stock.... 324,000 Prepare the Stockholders’ Equity section of the balance sheet as of June 30 using Method 1 of Exhibit 8. Eighty thousand shares of common stock are authorized, and 9,000 shares have been reacquired.

The following data were taken from the balance sheet accounts of Masefield Corporation on December 31, 2019. Current assets $540,000 Debt investments (trading) 624,000 Common stock (par value $10) 500,000 Paid-in capital in excess of par 150,000 Retained earnings 840,000 Instructions Prepare the required journal entries for the following unrelated items. a.    A 5% stock dividend is declared and distributed at a time when the market price per share is $39. b.    The par value of the common stock is reduced to $2 with a 5-for-1 stock split. c.    A dividend is declared January 5, 2020, and paid January 25, 2020, in bonds held as an investment. The bonds have a book value of $100,000 and a fair value of $135,000.

Metlock, Inc. reported the following balances at December 31, 2021: common stock $409,000, paid-in Capital in Excess of Par- common stock $100,000, and retained earnings $249,000. During 2022, the following transactions affected stockholders' equity. Issued preferred stock with a par value of $122,000 for $190,000. Purchased treasury stock (common) for $37,500. 1. 2. 3. Earned net income of $135,000. 4. Declared and paid cash dividends of $59,000. Prepare the stockholders' equity section of Metlock, Inc's December 31, 2022, balance sheet. Metlock, Inc. Balance Sheet (Partial) For the Year Ended December 31, 2022 Stockholders' Equity Paid-in Capital Capital Stock Preferred Stock 122,000 Common Stock 409000 Total Capital Stock 53100 Additional Paid-in Capital Paid-in Capital in Excess of Par-Preferred Stock 68000 Paid-in Capital in Excess of Par-Common Stock 100,000 Total Additional Paid-in Capital 16800 Total Paid-in Capital 69900 Retained Earnings Total Paid-in Capital and Retained…

The stockholders’ equity accounts of Sheridan Company have the following balances on December 31, 2020. Common stock, $10 par, 285,000 shares issued and outstanding   $2,850,000 Paid-in capital in excess of par—common stock   1,230,000 Retained earnings   5,240,000 Shares of Sheridan Company stock are currently selling on the Midwest Stock Exchange at $38.Prepare the appropriate journal entries for each of the following cases. (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.) (a)   A stock dividend of 8% is (1) declared and (2) issued. (b)   A stock dividend of 100% is (1) declared and (2) issued. (c)   A 2-for-1 stock split is (1) declared and (2) issued.

At the beginning of 2018, Thompson Service, Inc., showed the following amounts in the stock-holders' equity section of its balance sheet. Stockholders' equity:Capital stock, $1 par value, 500,000 shares authorized,382,000 issued and outstanding………………………………..       $382,000Additional paid-in capital: capital stock……………………….   4,202,000  Total paid-in capital…………………………………………        $4.584,000 Retained earnings……………………………………………...         2.704,600Total stockholders' equity……………………………………..     $7,288,600The transactions relating to stockholders' equity during the year are as follows. Jan.3 Declared a dividend of $1 per share to stockholders of record on January 31,payable on February 15Feb. 15 Paid the cash dividend declared on January 3. Apr. 12 The corporation purchased 6,000 shares of its own capital stock at a price of$40 per share. May 9 Reissued 4,000 shares of the treasury stock at a price of $44 per share. June1 Declared a 5 percent stock dividend to stockholders of record at June…

The stockholders’ equity accounts of Riverbed Company have the following balances on December 31, 2020. Common stock, $10 par, 281,000 shares issued and outstanding   $2,810,000 Paid-in capital in excess of par—common stock   1,220,000 Retained earnings   5,600,000 Shares of Riverbed Company stock are currently selling on the Midwest Stock Exchange at $34.Prepare the appropriate journal entries for each of the following cases. (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.) (a)   A stock dividend of 6% is (1) declared and (2) issued. (b)   A stock dividend of 100% is (1) declared and (2) issued. (c)   A 2-for-1 stock split is (1) declared and (2) issued.   No. Account Titles and Explanation Debit Credit (a) (1) enter an account title for case A to record the declaration of stock dividends   enter a…

The shareholders’ equity section of Superior Corporation’s balance sheet as of December 31, 2018, is as follows:                                                                    1. Prepare journal entries for each of the above transactions.                            2. Calculate the number of authorized, issued, and outstanding common shares as of December 31, 2019.                                                                        3. Calculate Superior’s legal capital at December 31, 2019.