Hatch Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2014, the following accounts were included in stockholders� equity. Preferred Stock, 150,000 shares $ 3,000,000 Common Stock, 2,000,000 shares 10,000,000 Paid-in Capital in Excess of Par�Preferred Stock 200,000 Paid-in Capital in Excess of Par�Common Stock 27,000,000 Retained Earnings 4,500,000 The following transactions affected stockholders� equity during 2015. Jan. 1 30,000 shares of preferred stock issued at $22 per share. Feb. 1 50,000 shares of common stock issued at $20 per share. June 1 2-for-1 stock split (par value reduced to $2.50). July 1 30,000 shares of common treasury stock purchased at $10 per share. Hatch uses the cost method. Sept. 15 10,000 shares of treasury stock reissued at $11 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 50� per share is declared. Dec. 31 Net income is $2,100,000. Prepare the stockholders� equity section for Hatch Company at December 31, 2015

On January 1, 2017, Ehrlich Corporation had the following stockholders’ equity accounts.Common Stock ($10 par value, 100,000 shares issued and outstanding) $1,000,000Paid-in Capital in Excess of Par—Common Stock                                        200,000Retained Earnings                                                                                           540,000During the year, the following transactions occurred.Jan. 15 Declared a $1 cash dividend per share to stockholders of record on January 31, payable February 15.Feb. 15 Paid the dividend declared in January.Apr. 15 Declared a 15% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $15 per share.May 15 Issued the shares for the stock dividend.Dec. 1 Declared a $0.50 per share cash dividend to stockholders of record on December 15, payable January 10, 2018.      31 Determined that net income for the year was $250,000.Instructions(a) Journalize the…

The stockholders' equity of Hammel Company at December 31, 2016, is shown below. 5% preferred stock, $100 par value, 10,000 shares authorized; 6,000 shares issued and outstanding $600,000 Common stock, $5 par value, 200,000 shares authorized; 70,000 shares issued and outstanding 350,000 Paid-in capital in excess of par value—preferred stock 50,000 Paid-in capital in excess of par value—common stock 400,000 Retained earnings 747,000 Total stockholders' equity $2,147,000   The following transactions, among others, occurred during 2017:Apr. 1 Declared and issued a 100% stock dividend on all outstanding shares of common stock. The market value of the stock was $14 per share.Dec. 7 Declared and issued a 4% stock dividend on all outstanding shares of common stock. The market value of the stock was $17 per share.Dec. 20 Declared and paid (1) the annual cash dividend on the preferred stock and (2) a cash dividend of 90 cents per common share.(a) Use the financial statement…

Marks Corporation's stockholders' equity at December 31, 2017, is as follows: Common stock, $10 par (10,000 $100,000 shares) Paid in Capital in excess of par 3,000 Retained Earnings 197,000 Total Stockholders' Equity $300,000 The following treasury stock transactions occurred during 2018. Jan. 2 Purchased at $12 per share, 1,000 shares of their own stock. Feb. 4 Sold 500 shares of treasury stock at $13 per share. May 10 Sold 500 shares of treasury stock at $8 per share. Prepare journal entries to record treasury stock transactions in 2018 under the cost method.