Screen Shot 2023-07-27 at 11.54.26 PM

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.

subject ; account

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 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 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 .

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 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 following data were taken from the balance sheet accounts of Culver Corporation on December 31, 2019. Current assets   $512,000 Debt investments (trading)   577,000 Common stock (par value $10)   471,000 Paid-in capital in excess of par   154,000 Retained earnings   890,000 Prepare the required journal entries for the following unrelated items. (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 5% stock dividend is (1) declared and (2) distributed at a time when the market price per share is $42. (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 $98,000 and a fair value of $130,000.

The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year: Common Stock, $15 par $706,500 Paid-In Capital from Sale of Treasury Stock 29,000 Paid-In Capital in Excess of Par-Common Stock 18,840 Retained Earnings 1,109,000 Treasury Stock 14,630 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 770 shares have been reacquired. Goodale Properties Inc. Stockholders' Equity June 30, 20хх Paid-In Capital: Total Paid-In Capital $4 Total Total Stockholders' Equity

The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year:   1 Common stock, $45 par $3,042,000.00 2 Paid-In Capital from Sale of Treasury Stock 115,400.00 3 Paid-In Capital in Excess of Par-Common Stock 270,400.00 4 Retained Earnings 20,585,800.00 5 Treasury Stock 321,900.00       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 8,700 shares have been reacquired. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtractive or negative numbers use a minus sign.   Accounts and Amount Descriptions   Common stock dividends   Common stock, $45 par; 80,000 shares authorized, 67,600 issued   Excess over par   From sale of treasury…

On January 1, 2024, the general ledger of Freedom Fireworks includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $ 1 par value Paid-in Capital-Excess of Par Retained Earnings Totals Debit During January 2024, the following transactions occur: Requirement $ 43,900 46,900 8,700 76,000 General Journal January 2 Issue an additional 2,108 shares of $1 par value common stock for $42,000. January 9 Provide services to customers on account, $17,200. January 18 Purchase additional supplies on account, $6,100. January 12 Repurchase 1,488 shares of treasury stock for $18 per share. January 15 Pay cash on accounts payable, $17,780. January 21 Provide services to customers for cash, $50,300. January 22 Receive cash on accounts receivable, $17,808. January 29 Declare a cash dividend of $8.40 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Freedom…

What is the total equity that must be reported in the Statement of Changes in Equity for the  year ended December 31, 2021?

The comparative statements of shareholders' equity for Company A are shown below. They follow the fiscal years ending December 31, 2019, 2020, and 2021.Using the statements as the guide, compute earnings per share (EPS) as they would have appeared on the income statements for:December 31, 2019December 31, 2020December 31, 2021No potential common shares were outstanding during any of the periods shown above. COMPANY A Statements of Shareholders' Equity For the Years Ended December 31, 2019, 2020, and 2021 ($ in millions)                       Total   Preferred Common Additional   Share-   Stock, $10 Stock, $1 Paid-in Retained holders'   par par Capital Earnings Equity Balance at Jan. 1, 2019               55            495           1,878                    2,428 Sale of preferred shares                         10               470                          480 Sale of common shares, 7/1                 9              81                            90…

The following data were taken from the balance sheet accounts of Monty Corporation on December 31, 2019. Current assets Debt investments (trading) Common stock (par value $10) Paid-in capital in excess of par Retained earnings (a) $515,000 (b) (c) 640,000 475,000 145,000 Prepare the required journal entries for the following unrelated items. (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.) 796,000 A 4% stock dividend is (1) declared and (2) distributed at a time when the market price per share is $41. The par value of the common stock is reduced to $2 with a 5-for-1 stock split. 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 $92,000 and a fair value of $131,000.

Brian Company provided the following selected account balances on December 31. 2021: Cash P60,000 Trading investments, including P300,000 of Brian Company's shares 400,000 Trade accounts receivable 340,000 Inventories 148,000 Share capital 2,224,000 Retained earnings (224,000) What is the total amount of equity on December 31, 2021?

The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year:   1 Common stock, $47 par $3,073,800.00 2 Paid-In Capital from Sale of Treasury Stock 119,000.00 3 Paid-In Capital in Excess of Par-Common Stock 261,600.00 4 Retained Earnings 19,185,100.00 5 Treasury Stock 326,800.00   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 8,600 shares have been reacquired. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtractive or negative numbers use a minus sign.   Accounts and Amount Descriptions   Common stock dividends   Common stock, $47 par; 80,000 shares authorized, 65,400 issued   Excess over par   From sale of treasury stock…

The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year: 1 Common stock, $45 par $3,141,000.00 2 Paid-In Capital from Sale of Treasury Stock 122,400.00 3 Paid-In Capital in Excess of Par-Common Stock 279,200.00 4 Retained Earnings 20,530,300.00 5 Treasury Stock 332,500.00 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 9,500 shares have been reacquired. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtractive or negative numbers use a minus sign.

On December 31, Westworld Inc. has the following equity accounts and balances: Retained Earnings, $45,000; Common Stock, $1,000; Treasury Stock, $2,000; Paid-In Capital in Excess of Par Value, Common Stock, $39,000; Preferred Stock, $7,000; and Paid-In Capital in Excess of Par Value, Preferred Stock, $3,000. Prepare the stockholders’ equity section of Westworld’s balance sheet.

The following data were taken from the balance sheet accounts of Pronghorn Corporation on December 31, 2019. Current assets   $ 554,000 Debt investments (trading)   596,000 Common stock (par value $ 10)   455,000 Paid-in capital in excess of par   148,000 Retained earnings   800,000 Prepare the required journal entries for the following unrelated items. (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  4% stock dividend is (1) declared and (2) distributed at a time when the market price per share is $ 37. (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 $ 105,000 and a fair value of $ 133,000.   No. Date Account Titles and…

Sunland Company had these transactions during the current period. June 12   Issued 83,500 shares of $1 par value common stock for cash of $313,125. July 11   Issued 3,450 shares of $101 par value preferred stock for cash at $105 per share. Nov. 28   Purchased 2,950 shares of treasury stock for $8,450. Prepare the journal entries for the Sunland Company transactions shown above. (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 choose a transaction date                                                           June 12July 11Nov. 28 enter an account title enter a debit amount enter a credit amount   enter an account title enter a debit amount enter a credit amount   enter an account title…