Tamarisk Corporation has the following account balances at December 31, 2025. Common stock, $5 par value Treasury stock Retained earnings $484,000 94,000 2,238,000 Paid-in capital in excess of par-common stock 1,278,000 Prepare Tamarisk's December 31, 2025, stockholders' equity section. (Enter account name only and do not provide descriptive information.) TAMARISK CORPORATION Stockholders' Equity December 31, 2025 $
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- Prepare the journal entry. Post to the T account .How much is the retained earnings - December 31, 2021? For the computation in your worksheet - Prepare a Statement of Changes in Equity for the year ended December 31, 2021 for Shalimar Corporation with the following columns - Share Capital, Reserves, Retained Earnings, Treasury Shares, and Total.Presented below are data for Blue Corp. Assets, January 1 Liabilities, January 1 Stockholders' Equity, Jan. 1 Dividends Common Stock Stockholders' Equity, Dec. 31 Net Income 2025 O $5919. O $3994. O $4305. O $5772. $8852 4858 1614 1467 Stockholders' Equity at January 1, 2026 is ? 1925 2026 $9728 1221 1288 1286
- Please do not give image formatQuestion: Please help me understand how to enter this data into the balance sheet for dec 31 2020 The following accounts appear in the ledger of Pina Colada Corp. after the books are closed at December 31, 2020. Common Stock, no par, $1 stated value, 390,000 shares authorized; 320,000 shares issued $ 320,000 Common Stock Dividends Distributable 30,000 Paid-in Capital in Excess of Stated Value—Common Stock 1,290,000 Preferred Stock, $5 par value, 8%, 40,000 shares authorized; 26,700 shares issued 133,500 Retained Earnings 845,000 Treasury Stock (10,800 common shares) 76,680 Paid-in Capital in Excess of Par—Preferred Stock 349,000 Accumulated Other Comprehensive Loss 32,500 Prepare the stockholders' equity section at December 31, 2020, assuming retained earnings is restricted for plant expansion in the amount of $118,000. For capital stock first enter the preferred stock details I want to see if I am on the right track: This is the partial answer I have starrted Pina Colada…On January 1, 2022, Whispering Winds Corp. had the following stockholders' equity balances. Common Stock (583,000 shares issued) Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings 1. During 2022, the following transactions and events occurred. 2. 3. 4. 5. $1,749,000 6. 477,000 174,900 577,000 Issued 58,300 shares of $3 par value common stock as a result of 10% stock dividend declared on December 15, 2021. Issued 30,500 shares of common stock for cash at $5 per share. Purchased 28,000 shares of common stock for the treasury at $6 per share. Declared and paid a cash dividend of $112,000. Sold 7,000 shares of treasury stock for cash at $6 per share. Earned net income of $342,000. Prepare a stockholders' equity statement for the year. (If an amount reduces the account balance then enter with negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
- The stockholders' equity accounts of G.K. Chesterton Company have the following balances on December 31, 2025. Common stock, $10 par, 300,000 shares issued and outstanding Paid-in capital in excess of par-common stock Retained earnings Shares of G.K. Chesterton Company stock are currently selling on the Midwest Stock Exchange at $37. Prepare the appropriate journal entries for each of the following cases. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) a. b. C. No. Account Titles and Explanation a. (1) A stock dividend of 5% is (1) declared and (2) issued. A stock dividend of 100% is (1) declared and (2) issued. A 2-for-1 stock split is (1) declared and (2) issued. a. (2) $3,000,000 1,200,000 5,600,000 Debit CreditPresented below are data for XYZ Corp. Assets, January 1 Liabilities, January 1 Stockholders' Equity, Jan. 1 Dividends Common Stock, Dec. 31 2023 2024 4,560 ? ? 2,736 2 2,750 570 646 608 650 Stockholders' Equity, Dec. 31 ? 2,266 Net Income 684 Net income for 2024 is O $484 loss. O $162 loss O $162 income. O $120 income. $484 income. $120 loss.Stockholders' equity accounts, arranged aphabetically are the ledger of Pina Colada Corp. at December 31, 2020. Common Stock ($5 stated value) $1,675,000 Paid-in capital inexcess of par-preferred stock 279,000 Paid-in capital in excess of stated value-common stock. 936,000 Preferred stock (8%, $103 par) 489,250 Ratained Earnings 1,120,000 Treasury Stock (12,000 common shares) 144,000 Prepare the stockholders' equity section of the balance sheet at December 31, 2020. *please solve and explain process. Thank you
- answer in text form please (without image)The following stockholders’ equity accounts, are in the ledger of Ehrlich Corporation at January 1, 2021. Common Stock ($8 par value) $2,600,000 Paid-in Capital in Excess of Par—Preferred Stock 270,000 Paid-in Capital in Excess of Par Value—Common Stock 750,000 Preferred Stock (8%, $200 par) 900,000 Retained Earnings 2,340,000 Instructions Prepare the journal entry to close net income for the year to retained earnings. Net income was $400,000. Answer the following questions: How many shares of common stock are issued?…Instructions: a. Journalize the transactions and the closing entry for net income. b. Prepare stockholders’ equity section on December 31, 2021.