pp.Subject :- Accounting Reporting paid-in capitalThe following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year:Common Stock, no par, $14 stated valuePaid-In Capital from Sale of Treasury Stock$4,480,00045,000210,000Paid-In Capital in Excess of Par-Preferred StockPald-In Capital in Excess of Stated Value-Common Stock480,000Preferred 2% Stock, $120 parRetained EarningsPrepare the Paid-In Capital portion of the "Stockholders' Equity" section of the balance sheet using Method 1 of Exhibit 10. There are 375,000 shares of common stock authorized and 85,000 shares of preferredstock authorized.Point Loma Group Inc.Balance SheetOctober 31, 20XXLine Item DescriptionStockholder's EquityPaid-in Capital:Total Paid-In Capital8,400,00039,500,000Amount Amount Amount

Share of stock represents both Common and Preferred stock of capital which is issued by an issuing…

The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value $4,480,000 45,000 Paid-In Capital from Sale of Treasury Stock

The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value $4,480,000 45,000 Paid-In Capital from Sale of Treasury Stock

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter12: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

Problem 17E: Reporting paid-in capital The following accounts and their balances were selected from the adjusted...

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Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Block Ayala Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value $700,000 Paid-In Capital from Sale of Treasury Stock 404,900 Paid-In Capital in Excess of Par-Preferred Stock 106,560 Paid-In Capital in Excess of Stated Value-Common Stock 1,680,000 Preferred 2% Stock, $120 par 888,000 Retained Earnings 4,989,000 Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 160,000 shares of common stock authorized and 20,000 shares of preferred stock authorized. Block Ayala Group Inc., Stockholders' Equity October 31 Paid-In Capital: Total Paid-In Capital
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Block Ayala Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $22 stated value $5,500,000 Paid-In Capital from Sale of Treasury Stock 35,000 Paid-In Capital in Excess of Par—Preferred Stock 165,000 Paid-In Capital in Excess of Stated Value—Common Stock 380,000 Preferred 2% Stock, $110 par 6,050,000 Retained Earnings 31,036,000 Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 300,000 shares of common stock authorized and 100,000 shares of preferred stock authorized. Block Ayala Group Inc.,Stockholders' EquityOctober 31 Paid-In Capital: $- Select - - Select - $- Select - $- Select - - Select - - Select - - Select - Total Paid-In Capital…
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Block Ayala Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $22 stated value $5,500,000 Paid-In Capital from Sale of Treasury Stock 35,000 Paid-In Capital in Excess of Par-Preferred Stock 165,000 Paid-In Capital in Excess of Stated Value-Common Stock 380,000 Preferred 2% Stock, $110 par 6,050,000 Retained Earnings 31,036,000 Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 300,000 shares of common stock authorized and 100,000 shares of preferred stock authorized. Block Ayala Group Inc., Stockholders' Equity October 31 Paid-In Capital: Preferred 2% Stock, $110 Par (100,000 Shares Authorized, 55,000 Shares Issued) Excess Over Par Paid-In Capital, Preferred Stock Common Stock, No Par, $22 Stated Value (300,000 Shares Authorized,…
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Block Ayala Group Inc, a freight forwarder, at October 31, the end of the current fiscal year Common Stock, no par, $22 stated value $5,500,000 Paid-In Capital from Sale of Treasury 35,000 Stock Paid-In Capital in Excess of Par-Preferred Stock Paid-In Capital in Excess of Stated Value -Common Stock 380,000 Preferred 2% Stock, $110 par 6,050,000 Retained Earnings 31,036,000 Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8 There are 300,000 shares of common stock authorized and 100,000 shares of pred stated Block Ayala Group Inc. Stockholders Equity October 31 Toogoool Paid-In Capital 00 00 Total Pidin Capital 165,000 0 00 (mme î
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