Oct. 1 +Dec. 15CashContributed SurplusCashCommon SharesCommon SharesContributed SurplusRetained EarningsCash922552920417602436922557120 Sarasota Ltd. was incorporated on January 1, 2024. During the year the company entered into the following transactions:Jan. 5 Issued 58,000 common shares for $2.50 per share.Jan. 20 Issued 3,000 common shares to settle legal expenses. The value of the legal expenses was $9,940.Feb. 10 Issued 15,000 preferred shares for $35.00 per share.Aug. 12 Repurchased 17,400 common shares for $2.40 per share.Oct.1 Issued 4,100 common shares for $2.25 per share.Dec. 15 Repurchased 21,000 common shares for $2.72 per share.Record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indentmanually. If no entry is required, select "No Entry for the account titles and enter 0 for the amounts. Record journal entriesin the order presented in the problem. List all debit entries before credit entries. Round per share calculations to 2 decimalplaces, e.g. 5.75 and final answers to 0 decimal places, e.g. 5,275.)DateJan, 5Jan 20 #Account TitlesCashCommon SharesLegal ExpenseCommon SharesDebit1450009940CreditIII1450009940

Journal entries for shares : Common shares are issued to business owners and other investors as…

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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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:Retained earnings Equal total stockholders' equity less treasury stock at the end of the period A .Refer to the amount shareholders are guaranteed to receive during company liquidation .B .Equal comulative net income less any net losses and dividends declared.C .Represent the amount of cash available to pay shareholders.D
1. Mark the active and passive items in the list (marking with A or P) Goods in stock Spare parts 1 2 3 4 10 5 160 Overpayment of taxes Money in the current account Advance payments made by buyers Share capital 7 8 9 10 11 12 Trade payables Reserve capital Debt to suppliers Debt for wages Retained earnings Vehicles
Your answer is partially correct. On January 1, 2026, Browning Corporation had 75,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred: Mar. 1 June 1 June 30 Dec. 1 Dec. 15 Issued 90,000 shares of common stock for $675,000. Declared a cash dividend of $2.00 per share to stockholders of record on June 15. Paid the $2.00 cash dividend. Purchased 5,000 shares of common stock for the treasury for $18 per share. Declared a cash dividend on outstanding shares of $2.50 per share to stockholders of record on December 31. Indicate the accounts increased or decreased to record the above transactions.
SOLVE FOR THE RETURN ON EQUITY Given: Equity Attributable to Equity Holders of the Parent Company Capital Stock ₱ 2,498,991,753 Additional Paid-in Capital 706,364,357 Revaluation Surplus on Property and Equipment 2,211,108,991 Retirement benefits reserve 83,695,458 Foreign currency translation adjustment 52,542,000 Fair value reserve 2,063,223 Refined earnings (accumulated deficit) (404,632,514) Total Equity Attributable to Equity Holders of the Parent Company 5,150,133,268 Noncontrolling Interests 867,381,339 Total Equity ₱ 6,017,514,607 Net Income 198,733,201 Total Comprehensive Income ₱ 183,147,615
How do Dividends Paid impact Avett Inc.'s 2020 Statement of Cash Flows? Question 18 options: Dividends Paid are subtracted in Cash Flows from Investing Dividends Paid are added in Cash Flows from Investing Dividends Paid are not included on the Statement of Cash Flows Dividends Paid are subtracted in Cash Flows from Operations Dividends Paid are added in Cash Flows from Financing Dividends Paid are added in Cash Flows from Operations Dividends Paid are subtracted in Cash Flows from Financing
Subject :- Accounting
Diaherenciate Between treasury stock cliviedend, steck split Cash dividend and stock with exaumples
q17
Q39 Return that a shareholder gets from the company, out of its profits, on his shareholdings, is called a. Dividends b. Retained Earnings c. Return on Shareholdings d. Return on Earnings
According to value added reporting, a company my pay salaries to employees and ..to.24 bondholders shares interests cash dividends O
can you please help me with sep 30 entry
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Cash Contributed Surplus Cash Common Shares Common Shares Contributed Surplus Retained Earnings Cash 9225 52920