Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Date Account Debit Credit Jan. 22 Feb. 27 Question Content Area b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27?fill in the blank 1 of 1$
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Question Content Area
b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27?
fill in the blank 1 of 1$
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- On January 1, 2022. Sunland Company had the following stockholders' equity accounts. Common Stock ($20 par value, 61,400 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock I Retained Earnings During the year, the following transactions occurred. Feb. 1 Mar. 1 Apr. 11 July 1 31 Dec. 1 31 $1,228,000 194,000 556,000 Declared a $3 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February. Announced a 2-for-1 stock split. Prior to the split, the market price per share was $36. Declared a 10% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $14 per share. Issued the shares for the stock dividend. Declared a $0,50 per share dividend to stockholders of record on December 15, payable January 5, 2023. Determined that net income for the year was $320,000.On January 1, 2022, the stockholders' equity section of Bramble Corporation shows common stock ($6 par value) $1,800,000; paid-in capital in excess of par $1,050,000; and retained earnings $1,230,000. During the year, the following treasury stock transactions occurred. Mar. 1 Purchased 51,000 shares for cash at $15 per share. 1 Sold 12,000 treasury shares for cash at $17 per share. Sold 10,000 treasury shares for cash at $14 per share. July Sept. 1Treasury Stock Transactions Biscayne Bay Water Inc. bottles and distributes spring water. On May 14 of the current year, Biscayne Bay Water Inc. reacquired 2,500 shares of its common stock at $52 per share. On September 6, Biscayne Bay Water Inc. sold 2,000 of the reacquired shares at $56 per share. The remaining 500 shares were sold at $49 per share on November 30. a. Journalize the transactions of May 14, September 6, and November 30. If an amount box does not require an entry, leave it blank. May 14 Sept. 6 Nov. 30 b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? C. Where will the balance in Paid-In Capital from Sale of Treasury Stock be reported on the balance sheet? d. For what reasons might Biscavne Bav Water Inc. have nurchased the treasurv stock? 000000 10000 110
- The declaration, record, and payment dates in connection with a cash dividend of $63,000 on a corporation's common stock are October 1, November 7, and December 15. Journalize the entries required on each date. If no entry is required, choose "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Date Account Debit Credit Oct. 1 Nov. 7 Dec. 15Qw.19.Natalie and her friend Curtis Lesperance decide that they can benefit from joining Cookie Creations and Curtis's coffee shop. In this part of the problem, they want your help in preparing financial information following the first year of operations of their new business, Cookie & Coffee Creations. After establishing their company's fiscal year-end to be October 31, Natalie and Curtis begin operating Cookie & Coffee Creations Inc. on November 1, 2020. On that date, after the issuance of shares, the paid-in capital section of the company's balance sheet is as follows. Paid-in capital Preferred stock, $0.50 noncumulative, no par value, 10,000 shares authorized, 2,000 shares issued $10,000 Common stock, no par value, 100,000 shares authorized, 25,930 shares issued 25,930 Cookie & Coffee Creations then has the following selected transactions during its first year of operations. Dec. 1 Issues an additional 800 preferred shares to Natalie's brother for $4,000. Apr. 30 June 30 Oct. 31 31 31…
- Financial Statements from the End-of-Period Spreadsheet Triton Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepared for the year ended April 30, 20Y3: Triton Consulting End-of-Period Spreadsheet For the Year Ended April 30, 20Y3 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 16,090 16,090 Accounts Receivable 38,300 38,300 Supplies 4,060 3,410 650 Office Equipment 31,020 31,020 Accumulated Depreciation 4,250 2,030 6,280 Accounts Payable 10,340 10,340 Salaries Payable 500 500 Common Stock 13,000 13,000 Retained Eamings 26,070 26,070 Dividends 4,980 4,980 Fees Earned 72,190 72,190 Salary Expense 28,340 500 28,840 Supplies Expense 3,410 3,410 Depreciation Expense 2,030 2,030 Miscellaneous Expense 3,060 3,060 125,850 125,850 5,940 5,940 128,380 128,380 Based on the preceding spreadsheet, prepare an income statement for Triton Consulting. Triton Consulting Income…Please don't provide answer in image format thank youThe following are the transactions relating to the formation of Gray Mowing Services Inc. and its first month of operations. a. The firm was organized and the initial stockholders invested cash of $720. b. The company borrowed $1,080 from a relative of one of the initial stockholders; a short-term note was signed. c. Two zero-turn lawn mowers costing $576 each and a professional trimmer costing $156 were purchased for cash. The original list price of each mower was $732, but a discount was received because the seller was having a sale. d. Gasoline, oil, and several packages of trash bags were purchased for cash of $108. e. Advertising flyers announcing the formation of the business and a newspaper ad were purchased. The cost of these items, $204, will be paid in 30 days. f. During the first two weeks of operations, 47 lawns were mowed. The total revenue for this work was $846; $558 was collected in cash, and the balance will be received within 30 days. g. Employees were paid $504 for…
- Eees earned Income Statement For the Year Ended August 31, 20Y9 Expenses: Salary expens 15.630 Supplies opense 1.850 Depreciation expense 1,100 Miscellanitous expense Total expenses income 20.200 37,150 Chack My Work Revenue and expense accounts flow into the income statement Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Dema Consulting. During the ye Demo Consulting Statement of Stockholders' Equity For the Year Ended August 31, 2019 Common Stock Balances, September 1, 2018 sued common stock 2.800 Net income Retained Earnings. Total 1415 Dividends Delances, August 31, 2019 2200 Based on the preceding spreadsheet, prepare a balance sheet for De Consulting Demo Consulting Balance Sheet August 31, 2019 Assets Current assets: Cash Accounts receivelle Supplies Total current assets Property, plant, and equipment Land Office equipment Accumulated depreciation value-officer Total property, plant, and equipment Tutal assets Current liabilities Accounts…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…Question: Based on the Adjusted Trial Balance and Additional Info shown below, what is the ending balance as of 12/31 for the Retained Earnings column as shown on the Statement of Stockholders' Equity you prepared on your scratch paper? Adjusted Trial Balance As of 12/31/20OXX Account Balance Accounts Cash $25,126 Accounts Receivable 24,500 Allowance for Uncollectible 3,504 Accounts Inventory Accounts Payable 35,000 10,144 Common Stock 40,198 Retained Earnings Dividends 15,172 5,000 Revenue 75,000 Sales Discounts 1,500 40,000 5,000 Cost of Goods Sold Salaries Expense Interest Expense 4,000 Income Tax Expense 3.000 Question:Based on the Adiusted Trial Balance and Additional Info shown helow what is ch ASUS f3 f4 f5 f6 f9 f10 f11 f7 f8 ロ/東 因