not use ai please $120,000$100,000$80,000Assets, Liabilities, and Stockholders' EquityAfter Five Transactions$60,000$40,000$20,000$0Beg. = $012345TransactionsAssetsLiabilitiesStockholders' EquityClick here to open the graph(s) in a new tab.Required:1. Transaction 1 depicts the issuance of common stock for cash. How does this transaction affect the accounting equation?2a. How does Transaction 2 affect the accounting equation?2b. Which of the following transaction descriptions is depicted by Transaction 2?3a. How does Transaction 3 affect the accounting equation?3b. Which of the following transaction descriptions is depicted by Transaction 3?4a. How does Transaction 4 affect the accounting equation?4b. Which of the following transaction descriptions is depicted by Transaction 4?5a. How does Transaction 5 affect the accounting equation?5b. Which of the following transaction descriptions is depicted by Transaction 5?6. What is true after each of the five transactions?

Requirement 1In the first requirement, the transaction involves issuing common stock for cash. When…

Answered: $120,000 $100,000 $80,000 Assets,…

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter18: Acquiring Capital For Growth And Development

Section18.3: Capital Stock

Problem 1WT

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The stockholders' equity accounts of Marigold Corp. on January 1, 2022, were as follows. Preferred Stock (8%, $50 par, cumulative, 11,000 shares authorized) $ 375,000 Common Stock ($1 stated value, 2,050,000 shares authorized) 1,150,000 Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (11,000 common shares) 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 $115,000. Apr. 14 Sold 5,600 shares of treasury stock-common for $33,200. Sept. 3 Nov. 10 Dec. 31 110,000 1,450,000 1,750,000 55,000 No dividends were declared during the year. (a) Issued 4,800 shares of common stock for a patent valued at $34,600. Purchased 1,100 shares of common stock for the treasury at a cost of $6,200. Determined that net income for the year was $485,000. Journalize the transactions and the closing entry for net…
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Ar. 18 V (b) Retained Earnings Treasury Stock Cash Retained Earnings Treasury Stock Cash Treasury Stock Pald-in Capital from Treasury Stock eTextbook and Media List of Accounts CORONADO COMPANY Stockholders' Equity S 1440 $ 6890 3710 Prepare the stockholders' equity section as of April 30, 2025. Net income for the first 4 months of 2025 was $129,600. (Enter account name only and do not provide descriptive information.) 13860 Attempts: 2 of 4 use
Zen Aerospace Corporation reported the following equity account balances on December 31, 2022: Preferred shares, $3.60 cumulative, unlimited shares authorized Common shares, unlimited shares authorized, 23,500 shares issued and outstanding Retained earnings 648,600 331,000 In 2023, the company had the following transactions affecting shareholders and the shareholders' equity accounts: Jan. 1 Purchased and retired 2,700 common shares at $36 per share. 14 The directors declared an 9% share dividend distributable on February 5 to the January 30 shareholders of record. The shares were trading at $46.30 per share. 30 Date of record regarding the 9% share dividend. 5 Date of distribution regarding the 9% share dividend. Feb. July 6 Sold 5,700 preferred shares at $67 per share. Sept. 5 The directors declared a total cash dividend of $48,006 payable on October 5 to the September 20 shareholders of record. Oct. 5 The cash dividend declared on September 5 was paid. Dec. 31 Closed the $472,600…
Journal entry worksheet く 1 2 3 4 5 6 7 8 Record the declaration of a cash dividend of $2 per share. Note: Enter debits before credits. Date January 05 Supplies General Journal Debit Credit Common dividend payable 13
# 3 Category. Prior Year Current Year Accounts payable 3,136.00 5,904.00 Accounts receivable 6,838.00 9,068.00 Accruals 5,663.00 6,026.00 Additional paid in capital 20,182.00 13,570.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,844.00 18,591.00 Current portion long-term debt 500 500 Depreciation expense 955.00 1,036.00 Interest expense 1,275.00 1,169.00 Inventories 3,020.00 6,732.00 Long-term debt 16,947.00 22,144.00 Net fixed assets 75,056.00 74,173.00 Notes payable 4,022.00 6,569.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,957.00 34,753.00 Sales 46,360 45,431.00 Таxes 350 920 What is the firm's total change in cash from the prior year to the current year? Submit Answer format: Number: Round to: 0 decimal places.
#2 Category. Prior Year Current Year Accounts payable 3,136.00 5,904.00 Accounts receivable 6,838.00 9,068.00 Accruals 5,663.00 6,026.00 Additional paid in capital 20,182.00 13,570.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,844.00 18,591.00 Current portion long-term debt 500 500 Depreciation expense 955.00 1,036.00 Interest expense 1,275.00 1,169.00 Inventories 3,020.00 6,732.00 Long-term debt 16,947.00 22,144.00 Net fixed assets 75,056.00 74,173.00 Notes payable 4,022.00 6,569.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,957.00 34,753.00 Sales 46,360 45,431.00 Таxes 350 920 What is the firm's cash flow from investing? Submit Answer format: Number: Round to: 0 decimal places.
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