Blossom Company has these accounts at December 31: Common Stock, $9 par, 4,800 shares issued, $43,200; Paid-in Capital in Excessof Par $34,900; Retained Earnings $47,000; and Treasury Stock, 500 shares, $11,500.Prepare the stockholders' equity section of the balance sheet. (Enter the account name only and do not provide the descriptiveinformation provided in the question.)Blossom CompanyBalance Sheet (Partial)December 31$$

Stockhoders' equity is the amount of money invested by the shareholders in the business. It includes…

Answered: Blossom Company has these accounts at…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Statement of stockholders' equity Financial information related to Webber Company for the month ended June 30, 20Y7, is as follows: Common Stock, June 1, 20Y7 Stock issued in June Net income for June Dividends during June Retained earnings, June 1, 20Y7 Balances, June 1, 20Y7 Issuance of common stock Net income Dividends $59,000 Balances, June 30, 20Y7 41,000 Prepare a statement of stockholders' equity for the month ended June 30, 20Y7. If an amount box does not require an entry, leave it blank or enter "0". Webber Company Statement of Stockholders' Equity For the Month Ended June 30, 20Y7 101,490 11,160 774,400 Common Stock Retained Earnings 59,000 ✓ 774,400 ✓ 41,000✔ Total DO 101,490 11,160
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Stevie Systems completed the following stock issuance transactions: i (Click the icon to view the transactions.) Requirements 1. Journalize the transactions. Explanations are not required. 2. How much paid-in capital did these transactions generate for Stevie Systems? Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) June 19: Issued 1,100 shares of $3 par common stock for cash of $13.00 per share. Journal Entry Date Jun More info Jun Jul 19 11 Accounts *** Print Debit 19 Issued 1,100 shares of $3 par common stock for cash of $13.00 per share. 3 Sold 340 shares of $3.50, no-par preferred stock for $17,000 cash. Received inventory with a market value of $28,000 and equipment with market value of $11,000. Issued 3,000 shares of the $3 par common stock in exchange. Credit Done
Assume that the stockholders' equity section on the balance sheet of Mangum's, a popular department store, is shown below. During the year, the company reported net income of $241,125,000 and declared and paid dividends of $11,909,000. Stockholders' Equity: Common stock, Class A-116,610,308 and 116,535,495 shares issued; ? and ? shares outstanding Common stock, Class B (convertible)-4,170,929 shares issued and outstanding Additional paid-in capital Retained earnings Less treasury stock, at cost, Class A- 47,176,748 and 45,340,148 shares $ Current Year 1,166,000 42,000 769,055,000 2,607,727,000 (1,891,581,000) $ Last Year 1,165,000 42,000 796,987,000 ? (941,560,000) Required: 1. What is the par value of Magnum's Class A common stock? 2. How many shares of Class A Common Stock were outstanding at the end of last year and the end of the current year? 3. What amount was reported in the Retained Earnings account at the end of last year? 4. How is the dollar amount in the treasury stock…
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Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,200,000 shares issued; Additional Paid-in Capital, $16.80 million; Retained Earnings, $9.80 million; and Treasury Stock, 48,000 shares, $1.056 million. Prepare the stockholders’ equity section of the balance sheet. (Amounts to be deducted should be indicated by a minus sign. Enter your answer in dollars, not millions. For example, $5.5 million should be entered as 5,500,000.)
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Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,400,000 shares issued; Additional Paid-in Capital, $17.40 million; Retained Earnings, $10.40 million; and Treasury Stock, 54,000 shares, $1.188 million. Prepare the stockholders' equity section of the balance sheet. (Amounts to be deducted should be indicated by a minus sign. Enter your answer in dollars, not millions. For example, $5.5 million should be entered as 5,500,000.) SUMMIT APPAREL Balance Sheet (Stockholders' Equity Section) December 31 Stockholders' equity: Total Paid-in Capital Total Stockholders' Equity
Subject:- accounting
Ayayai Corp. has these accounts at December 31: Common Stock, $10 par, 4,500 shares issued, $45,000; Paid-in Capital in Excess of Par $20,250; Retained Earnings $43,000; and Treasury Stock, 400 shares, $8,800. Prepare the stockholders' equity section of the balance sheet. (Enter account name only and do not provide descriptive information.) Ayayai Corp. Balance Sheet (Partial) SA

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