Help be clear make the table pls Question 7 of 7Post to the stockholders' equity accounts. (Post entries in the order of joumol entries presented in theVVPreferred StockeTextbook and MediaCommon StockList of AccountsV>V>><Paid-in Capital in Excess of Stated Value-Common StockVPaid-in Capital in Excess of Par-Preferred StockV Current Attempt in ProgressSwifty Corporation was organized on January 1, 2022and 456.000 shares of no-par common stockduring the first year.Jan10Mar. 1Apr 1May 1Aug. 1Sept 1Nov1authorized to issuevalue of $2 per share. The followingYou answer is correct.d stock.mpletedIssued 79 000 shares of common stock for cash at $4 per share.Issued 5,000 shares of preferred stock for cash at $110 pershare.Issued 23,500 shares of common stock for land. The asking price of the land was 394,500. The fair value of the landwas $87.500Issued 77,500 shares of common stock for cash at 55 25 per share.issued 11.000 shares of common stock to attorneys in cayment of their bill of 545,000 for services performed inhelping the company organize.Issued 11,000 shares of common stock for cash at 55 per shareissued 2,000 shares of preferred stock for cash at 5113 per share

The amount received in excess of the stated value of the common stock would be recorded as…

Answered: 2.18 thorized to issue 15,00 Swifty…

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter13: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

Problem 22E

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Current Attenipt in Progress The stockholders' equity accounts of Bramble Corporation on January 1, 2022. were as follows Preterred Stock (8N. $48 par. 10.000 shanes authorized) $ 384.000 Common Stock ($1 stated value. 2.050.000shares authorized) 1.500.D00 Paid-in Capital in Excess of Par-Preferred Stock 140.000 Paid-in Capit. in Ecess of Stated Value-Common Stock 1450000 Retained Earmings 1.750.000 Treasury Stock (10,500 common sharesl 52.500 During 2022. the corporation had the following transactions and events pertaining tots stockholders eguity Feh. Issued 25.000 shares of common stock for $124,000. Apr. Sold 6.000 shares of treasury stockcommon for $33.700. 14 Sept Issued 4,900 shares of common stock for a patent valued at $35,100 3. 10 Purchased 1.100 shares of common stock for the treasury at a cost of $5.700. Nov Dec 31 Determined that net income for the year was $420.000. No dividends were declared during the year.
Statement of stockholders equity The stockholders equity T accounts of I-Cards Inc. for the year ended December 31, 20Y9, are as follows. Prepare a statement of stockholders equity for the year ended December 31, 20Y9.
Epic Incorporated has 10,100 shares of $2 par value common stock outstanding. Epic declares a 6% stock dividend on July 1 when the stock's market value is $9 per share. The stock dividend is distributed on July 20. Prepare journal entries for (a) declaration and (b) distribution of the stock dividend. View transaction list Journal entry worksheet 1 2 Record the distribution of 6% stock dividend. Note: Enter debits before credits. Date July 20 General Journal Debit Credit
CengageNOWv2 | Online teachin x A Login w.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre... еВook Show Me How Reporting Stockholders Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 80,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $30 par $1,440,000 Paid-In Capital from Sale of Treasury Stock 72,000 Paid-In Capital in Excess of Par-Common Stock 480,000 Retained Earnings 677,000 Treasury Stock 41,000 • Balance Sheet Stockholders' Equity Paid-in capital: Paid-in capital, common stock Total paid-in capital Total Previou Check My Work %23
From page 10-2 of the VLN, the common stock account amount is determined Group of answer choices A. Par value x issued shares B. Par value x outstanding shares C. Par value x authorized shares D. Par value x unissued shares
Journalize and prepare a new stockholder's equity section dated 12/31/22.
The par value of a share of common stock…… Select one: a. is stated in the charter. b. is determined by the stock market. c. changes every time stock is sold. d. must be recorded as a journal entry.
Subject: Financial Accounting and Reporting Required:a. Determine the number of shares issued and outstanding on: Jan1  Mar31  Jun30  Sep30 b. Prepare the journal entries for the above transactions
Marigold Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year c operations, the company had the following events and transactions pertaining to its preferred stock. Feb. July (a) 1 Issued 48,500 shares for cash at $51 per share, 1 Issued 58,000 shares for cash at $59 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit
On December 31, the stockholders' equity section of the balance sheet of Monk Associates reflected the following: Common stock (par $10; 60,500 shares authorized; 25,500 issued and outstanding) Additional paid-in capital Retained earnings $ 255,000 12,500 77,500 On February 1 of the following year, a 12 percent stock dividend was issued. The market value of the stock on February 1 was $18 per share. Required: 1. For comparative purposes, prepare the stockholders' equity section of the balance sheet (a) immediately before the stock dividend and (b) immediately after the stock dividend. 2. If the stock dividend were 100%, would the additional paid-in capital account be affected?
Access the FASB Accounting Standards Codification at the FASB website and select Basic View for free access. Determine the specific seven-, eight-, or nine-digit Codification citation (XXX-XX-XX-X) for accounting for each of the following items: Required: 1. Initial measurement of stock options. 2. The measurement date for share-based payments classified as liabilities. 3. The formula to calculate diluted earnings per share. 4. The way stock dividends or stock splits in the current year affect the presentation of EPS in the income statement.
The stockholders’ equity section of the balance sheet includes which of the following accounts?Select all answers that apply to this question. Check All That Apply Additional Paid-in Capital Bonds Payable Common Stock Notes Payable Preferred Stock Retained Earnings Treasury Stock

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