Brief Exercise 11-8Ayayai Corp. has these accounts at December 31: Common Stock, $10 par, 4,500 shares issued, $45Stock, 400 shares, $8,800.Prepare the stockholders' equity section of the balance sheet.Ayayai Corp.Balance Sheet (Partial)December 31%24 Kimmel, Financial Accounting, 8eUS elo I Systen AnnouncementsCALCULATORNOISWIA MLNmMSIRBrief Exercise 11-8TRAyayai Corp. has these accounts at December 31: Cornmon Stock, $10 par, 4,500 shares issued, $45,000; Paid-in Capital in Excess of Par Value $18,000; Retained Earnings $43,000; and TreamumStock, 400 shares, $8,800.Prepare the stockholders' equity section of the balance sheet.Ayayai Corp.Balance Sheet (Partial)December 31ApmClick if you would like to Show Work for this question: Q2an Show WsSANDORON BO ASES MOHSparse E o sitaagy wogsan

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Brief Exercise 11-8 Ayayai Corp. has these accounts at December 31: Common Stock, $10 par, 4,500 shares issued, $45 Stock, 400 shares, $8,800. Prepare the stockholders' equity section of the balance sheet. Ayayai Corp. Balance Sheet (Partial) December 31 %24

Brief Exercise 11-8 Ayayai Corp. has these accounts at December 31: Common Stock, $10 par, 4,500 shares issued, $45 Stock, 400 shares, $8,800. Prepare the stockholders' equity section of the balance sheet. Ayayai Corp. Balance Sheet (Partial) December 31 %24

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter8: Liabilities And Stockholders' Equity

Section: Chapter Questions

Problem 8.5.2MBA

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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. Common Stock Jan. 1 Balance 4,800,000 Apr. 14 Issued 30,000 shares 1,200,000 Dec. 31 Balance 6,000,000 Paid-In Capital in Excess of Par Jan. 1 Balance 960,000 Apr. 14 Issued 30,000 shares 300,000 Dec. 31 Balance 1,260,000 Treasury Stock Aug. 7 Purchased 12,000 shares 552,000 Retained Earnings Mar. 31 Dividend 69,000 Jan. 1 Balance 11,375,000 June 30 Dividend 69,000 Dec. 31 Closing Sept. 30 Dividend 69,000 (net income) 3,780,000 Dec. 31 Dividend 69,000 Dec. 31 Balance 14,879,000 If an amount is zero or an entry is not required, leave the box blank. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number…
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. Common Stock Jan. 1 Balance 4,800,000 Apr. 14 Issued 30,000 shares 1,200,000 Dec. 31 Balance 6,000,000 Paid-In Capital in Excess of Par Jan. 1 Balance 960,000 Apr. 14 Issued 30,000 shares 300,000 Dec. 31 Balance 1,260,000 Treasury Stock Aug. 7 Purchased 12,000 shares 552,000 Retained Earnings Mar. 31 Dividend 69,000 Jan. 1 Balance 11,375,000 June 30 Dividend 69,000 Dec. 31 Closing Sept. 30 Dividend 69,000 (net income) 3,780,000 Dec. 31 Dividend 69,000 Dec. 31 Balance 14,879,000 If an amount is zero or an entry is not required, leave the box blank. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number…
Exercise 11-4 (Algo) Recording stock issuances LO P1 Prepare Journal entries to record each of the following four separate Issuances of stock. Required Information Use the following information for Exercises 4-5 below. (Algo) [The following Information applies to the questions displayed below.] Following are the Issuances of stock transactions. 1. A corporation Issued 6,000 shares of $10 par value common stock for $72,000 cash. 2. A corporation Issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $52,000. The stock has a $2 per share stated value. 3. A corporation Issued 3,000 shares of no-par common stock to Its promoters in exchange for their efforts, estimated to be worth $52,000. The stock has no stated value. 4. A corporation Issued 1,500 shares of $50 par value preferred stock for $127,000 cash. View transaction list A Record the issue of 6,000 shares of $10 par value common stock for $72,000 cash. B Record the issue of…
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Exercise 11-13 (Algo) Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders' equity section of Sherman Systems appears as follows. Common stock-$10 par value, 80,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,800 shares of its own common stock at $33 per share on October 11. b. Sold 1,200 treasury shares on November 1 for $39 cash per share. c. Sold all remaining treasury shares on November 25 for $32 cash per share. 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,800 shares of its own common stock at $33 per…
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Question 4 of 7 Apr. 1 June 15 On January 1, Pharoah Corporation had 91,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following occurred. July 10 Dec. 1 (a) 15 Date Issued 23,000 additional shares of common stock for $19 per share. Declared a cash dividend of $2 per share to stockholders of record on June 30. Paid the $2 cash dividend. Issued 2,000 additional shares of common stock for $18 per share. Declared a cash dividend on outstanding shares of $3.00 per share to stockholders of record on December 31. Prepare the entries to record these transactions. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation -/30 Debit Credit E: SUPPORT
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