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,…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 10SPB: RATIO ANALY SIS OF COMPARATI VE FIN ANCIAL STATE MENT S Refer to the financial statements in Problem...

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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…
Bb.1
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#1 O Category. Prior Year Current Year Accounts payable 3,134.00 5,904.00 Accounts receivable 6,978.00 8,907.00 Accruals 5,624.00 6,194.00 Additional paid in capital 20,362.00 13,212.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,484.00 18,100.00 Current portion long-term debt 500 500 Depreciation expense 1,003.00 1,011.00 Interest expense 1,257.00 1,156.00 Inventories 3,097.00 6,657.00 Long-term debt 16,532.00 22,027.00 Net fixed assets 75,252.00 74,022.00 Notes payable 4,045.00 6,536.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,789.00 34,684.00 Sales 46,360 45,408.00 Тахes 350 920 What is the firm's cash flow from financing? Submit Answer format: Number: Round to: 0 decimal places.
Hh1. Account Question Content Area Treasury stock that had been purchased for $4,369 last month was reissued this month for $5,223. The entry to journalize the reissuance would include a credit to a. Treasury Stock for $854 b. Paid-In Capital from Sale of Treasury Stock for $4,369 c. Paid-In Capital from Sale of Treasury Stock for $854 d. Paid-In Capital in Excess of Par—Common Stock for $4,369
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…
solve the last part please, common stock measures
# 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.
Need Help Please Solve This One Genera Accounting Question
Prepare the journal entry to record Zende Company's issuance of 79,000 shares of $8 par value common stock assuming the shares sell for: a. $8 cash per share. b. $9 cash per share. View transaction list Journal entry worksheet
Dividends and treasury stock еВook 5. PE.13.05A.BLANKSHEET Dec. 31 09,000pec. 31 DIVIuenu balance 14,879,000 6. PE.13.05B Prepare a statement of stockholders' equity for the year ended December 31, 20Y9. If an amount box does not require an entry, leave it blank. Also, if an amount reduces Stockholders' Equity, then add "minus" sign. 7. PE.13.06A I-Cards Inc. Statement of Stockholders' Equity 8. PE.13.06B For the Year Ended December 31, 20Y9 9. PE.13.07A.BLANKSHEET Common Paid-In Stock Capital in 10. PE.13.07B Treasury Retained $40 Par Excess of Par Stock Earnings Total 11. EX.13.13 Balance, Jan. 1, 20Y9 4,800,000 V 960,000 11,375,000 17,135,000 12. EX.13.14 Issued 30,000 shares of Common Stock 1,200,000 V 300,000 1,500,000 Purchased 12,000 shares as Treasury Stock -480,000 x -552,000 V 13. EX.13.15 Net Income 3,780,000 3,780,000 V 14. EX.13.17 Dividends -276,000 -276,000 6,000,000 -552,000 14,879,000 V Balance, Dec. 31, 20Y9 1,260,000 21,587,000 15. EX.13.18 16. EX.13.19 Feedback…
What is the total stockholders' equity based on the following account balances? Common Stock $2260000 Paid-In Capital in Excess of Par 126000 Retained Earnings 566000 Treasury Stock 66000 $2128000. $2886000. $3012000. $2634000.

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