Agri Gold Ltd. began operations on January 1, 1983 by issuing 54,000 common shares at $13 per share and 26,000 $8 cumulative preferred shares at $20 per share. During 1983 Agri Gold Ltd issued an additional 8,000 common shares at $11 per share and 2,000 preferred shares at $30 per share. 2019 profit was $355,000 and the Board declared $81,000 in dividends. Required: Prepare the Shareholders' Equity section of Agri Gold Ltds Balance Sheet at December 31, 1983.

During its first year of operations, Zhang's Electronics Incorporated completed the following transactions relating to shareholders' equity. January 5: Issued 2,000,000 shares of common stock for $ 35 per share. February 12: Issued 30, 000 shares of common stock to accountants for $1,050, 000 of professional services. The articles of incorporation authorize 5, 000, 000 shares of common stock with a par of $1 per share and 1,000,000 preferred shares with a par of $100 per share. Required: Record the above transactions in general journal form. Note: If no entry is required for a transaction /event, select "No journal entry required" in the first account field.

On January 1, 2020, Addy Company had 110,000 shares issued and 100,000 shares outstanding. The entity had the following transactions in 2020:     March 1 - Issued 15,000 shares.     June 1    - Resold 2,500 shares of treasury.     September 1   Completed a 2-for-1 share split.    What is the number of shares outstanding on December 31, 2020?

When Wisconsin Corporation was formed on January 1, the corporate charter provided for 94,200 shares of $9 par value common stock. During its first month of operation, the corporation issued 6,880 shares of stock at a price of $24 per share. The entry to record the above transaction would include a a.credit to Paid-In Capital in Excess of Par—Common Stock for $103,200 b.debit to Common Stock for $94,200 c.debit to Cash for $61,920 d.credit to Common Stock for $165,120

Consider the following assumed transactions of Ambient Productions: Mar. 18 Issued 1,800 shares of $1.25 par ordinary share at $10 per share. May 21 Purchased 440 shares of treasury share at S12 per share. Aug. 10 Sold 300 shares of treasury share at $20 per share. Requirement 1. Journalize the transactions for Ambient Productions. 2. What was the overall effect of these transactions on Ambient's shareholders' equity? Requirement 1. Journalize the transactions for Ambient Productions. (Record debits first, then credits. Explanations are not required. Leave unused cells blank.) Mar. 18: Issued 1,800 shares of $1.25 par ordinary share at $10 per share. Journal Entry Date Accounts Debit Credit Mar. 18 Choose from any list or enter any number in the input fields and then continue to the next question.

1. What is the number of ORDINARY shares outstanding? 2. What is the number of PREFERENCE shares outstanding? 3. How much is the Retained earnings, BEGINNING, unrestricted?

On January 1, Vermont Corporation had 43,000 shares of $9 par value common stock issued and outstanding. All 43,000 shares had been issued in a prior period at $21 per share. On February 1, Vermont purchased 1,040 shares of treasury stock for $26 per share and later sold the treasury shares for $22 per share on March 1. The journal entry for the purchase of the treasury shares on February 1 would include a Oa. credit to a gain account for $5,200 Ob. debit to a loss account for $5,200 Oc. debit to Treasury Stock for $27,040 Od. credit to Treasury Stock for $27,040

Ehrlich Co. is authorized to issue 1,000,000 of it's $5 par value common stock. 1. Prepare entries for the following transactions: 1/15/22  Issued 100,000 shares of common stock for $6 per share 2/15/22  Issued 50,000 shares of common stock for $8 per share 4/15/22  Issued 70,000 shares of common stock for $9 per share 2. The company had net income of $250,000 for the year. Prepare the entry to close net income into retained earnings. 3.Prepare the Stockholders' equity section of the balance sheet for Ehrlich Co. at 12/31/22.

During its first year of operations, LEBANON COMPANY entered into the following transactions relating to shareholders' equity. Lebanon's articles of incorporation authorized the issue of 2,400,000 ordinary shares, P10 par per share, and 300,000 preference shares, P50 par per share. Mar. 14 Sold 500,000 ordinary shares for P100 per share. 15 Issued 20,000 ordinary shares to attorneys in exchange for legal services. 15 Sold 35,000 of its ordinary shares and 10,000 preference shares for P6,000,000. Nov. 20 Issued 1,900 of its ordinary shares in exchange for equipment for which the cash price was known to be P185,000. Based on the preceding information, determine the correct balance of each of the following accounts. 1. Ordinary share capital a. P5,569,000 b. Р5,219,000 c. P5,550,000 d. P6,069,000 2. Share premium - ordinary shares a. P46,800,000 b. P49,950,000 c. P52,116,000 d. P50,116,000 3. Preference share capital a. P2,000,000 с. Р500,000 b. РО d. P2,500,000 4. Share premium -…

4) Scar Corporation obtained a charter from the province of Nova Scotia authorizing 500,000 common shares and 20,000 preferred shares. Listed below are selected accounts from the general ledger of the Scar Corporation. Assuming all accounts have normal balances, prepare the shareholders' equity section of the balance sheet for the Scar Corporation as of December 31, 2020. Common shares $ 50,000 40,000 Cash Preferred shares 100,00 Accounts receivable 35,000 50,000 75,000 45,000 Land Equipment Retained earnings