tockholders' eq
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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-
Paid-in capital in excess of stated value-common stock. 936,000
Preferred stock (8%, $103 par) 489,250
Ratained Earnings 1,120,000
Prepare the stockholders' equity section of the balance sheet at December 31, 2020.
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- The stockholders’ equity section of the balance sheet for Mann Equipment Co. at December 31, 2018, is as follows. Stockholders’ Equity Paid-in capital Preferred stock,? par value, 5% cumulative, 130,000 shares authorized, 43,000 shares issued and outstanding $ 516,000 Common stock, $12 stated value, 180,000 shares authorized, 43,000?? shares issued and outstanding 516,000 Paid-in capital in excess of par—Preferred 33,000 Paid-in capital in excess of stated value—Common 258,000 Total paid-in capital 1,323,000 Retained earnings 280,000 Treasury stock, 1,000 shares (28,000 ) Total stockholders’ equity $ 1,575,000 Note: The market value per share of the common stock is $32, and the market value per share of the preferred stock is $15. Required What is the par value per share of the preferred stock? What is the dividend per share on the…Instructions: a. Journalize the transactions and the closing entry for net income. b. Prepare stockholders’ equity section on December 31, 2021.1. Yellow Corporation had the following stockholders' equity accounts on December 31, 2020. Common Stock ($8 par value, 120,000 shares authorized, $ 320,000 40,000 shares issued and outstanding) Paid-in-Capital in Excess of Par - Common Stock $ 2,900,000 Retained Earnings $ 3,500,000 The following were transactions that occurred during 2021: 20-Feb Declared a $4 cash dividends per share on common stock 3-Mar Record date for cash dividends declared on 20 Feb 19-Mar Paid cash dividends 28-Apr Issued 15,000 shares of common stock for $16 per share 5-May Declared a $3 cash dividends per share on common stock 9-Jun Record date for cash dividends declared on 5 May 17-Jul Paid cash dividends 8-Aug Issued 23,500 shares of common stock for $20 per share 7-Sep Declared a $2 cash dividends per share on common stock 9-Oct Record date for cash dividends declared on 7 September 5-Nov Paid cash dividends 31-Dec Determined that net income for the year was $650,000 Instructions: 1. Journalize the…
- The stockholders' equity section of Larkspur Inc. at the beginning of the current year appears below. Common stock, $10 par value, authorized 954,000 shares, 307,000 shares issued and outstanding Paid-in capital in excess of par-common stock Retained earnings During the current year, the following transactions occurred. 1. 2. 3. 4. 5. 6. (a) $3,070,000 553,000 614,000 The company issued to the stockholders 92,000 rights. Ten rights are needed to buy one share of stock at $35. The rights were void after 30 days. The market price of the stock at this time was $37 per share. The company sold to the public a $194,000, 10% bond issue at 103. The company also issued with each $100 bond one detachable stock purchase warrant, which provided for the purchase of common stock at $33 per share. Shortly after issuance, similar bonds without warrants were selling at 96 and the warrants at $7. All but 4,600 of the rights issued in (1) were exercised in 30 days. At the end of the year, 80% of the…Subject: acountingBelow is United Delivery Service’s (UDS) stockholders' equity for the year ended 2022: Common Stock, $3 par value $60,000 Paid-in Capital in Excess of Par—Common 35,000 Retained Earnings 100,000 Treasury Stock (10,000) In March, UDS declares and distributes a 12% stock dividend when the market value of the stock is $6. 1) Prepare UDS's March end stockholders' equity section. 2) How would retained earnings change if UDS doubled their number of shares through a 2 for 1 stock split?
- The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year: 1 Common stock, $45 par $3,042,000.00 2 Paid-In Capital from Sale of Treasury Stock 115,400.00 3 Paid-In Capital in Excess of Par-Common Stock 270,400.00 4 Retained Earnings 20,585,800.00 5 Treasury Stock 321,900.00 Prepare the Stockholders’ Equity section of the balance sheet as of June 30 using Method 1 of Exhibit 8. Eighty thousand shares of common stock are authorized, and 8,700 shares have been reacquired. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtractive or negative numbers use a minus sign. Accounts and Amount Descriptions Common stock dividends Common stock, $45 par; 80,000 shares authorized, 67,600 issued Excess over par From sale of treasury…Question: 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…Preparing a Stockholders' Equity Section On December 31, 2020, Polar Inc. had the following account balances. Preferred stock, $10 par value $300,000 Paid in capital in excess of par-Preferred stock 24,000 Common stock, $1 par value 16,000 Paid in capital in excess of par-Common stock 80,000 Retained earnings 440,000 Accumulated other comprehensive loss (12,000) Prepare the stockholders' equity section of the balance sheet for Polar Inc. at December 31, 2020. Ignore disclosure on number of shares. Stockholders' Equity Section December 31, 2020 Preferred stock, par $10 Common stock, par $1 Paid-in capital in excess of par Retained earnings Accumulated other comprehensive loss Total stockholders' equity $
- Current Attempt in Progress The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Sunland Corporation at December 31, 2020. Common Stock ($5 stated value) Paid-in Capital in Excess of Par-Preferred Stock $2,450,000 285,000 Paid-in Capital in Excess of Stated Value-Common Stock 800,000 Preferred Stock (8%, $100 par) 555,000 Retained Earnings Treasury Stock-Common (11,200 shares) 1,334,000 134,400 Prepare the stockholders' equity section of the balance sheet at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.) SUNLAND CORPORATION Partial Balance Sheetplease help asap pleaseThe books of Oriole corporation carried the following account balances as of December 31, 2020. Cash $210,000. preferred stck(cumulative, nonparticipating,$50 par) $310,000. common stock (non-par value, 284,000 shares issued) $1,420,000. Paid-in capital in excess of par -preferred stock $157,000. Treasury stock (common 2,900 shares at cost). Retained earnings $ 106,100. The company decided not to pay any dividend in 2020. The board of directors, at their annual meeting on December 21,2021, declared the following: The current year dividend shall be 6% on the preferred and $0.30% per share on the common. The dividend in arrears shall be paid by issuing 1,550 shares of treasury stock. At the date of deceleration, the preferred is selling at $80 per shares , and the common at $12 per shares . Net income for 2021 is estimated at $81,400. (a) prepare the journal entries required for the dividend declaration and payment assuming that they occur simultaneously. ( credit amount title are…
