FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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On January 1, 2017, Windsor, Inc. had these stockholders’ equity balances.
During 2017, the following transactions and events occurred.
Prepare the stockholders’ equity section of thebalance sheet at December 31, 2017.
Common Stock, $1 par (3,000,000 shares authorized, 610,000 shares issued and outstanding) | $610,000 | |
Paid-in Capital in Excess of Par Value | 1,490,000 | |
688,000 | ||
Accumulated Other Comprehensive Income | 58,000 |
During 2017, the following transactions and events occurred.
1. | Issued 47,500 shares of $1 par value common stock for $4 per share. | |
2. | Issued 59,500 shares of common stock for cash at $6 per share. | |
3. | Purchased 23,100 shares of common stock for the treasury at $3.40 per share. | |
4. | Declared and paid a cash dividend of $125,500. | |
5. | Earned net income of $434,000. | |
6. | Had other comprehensive income of $15,000. |
Prepare the stockholders’ equity section of the
WINDSOR, INC.
Partial Balance Sheet choose the accounting period For the Month Ended December 31, 2017For the Year Ended December 31, 2017December 31, 2017
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select an opening section name
Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Paid-in Capital and Retained EarningsTotal Stockholders’ EquityTotal Additional Paid-in Capital
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select an opening subsection name
Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Paid-in Capital and Retained EarningsTotal Stockholders’ EquityTotal Additional Paid-in Capital
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enter a balance sheet item
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$enter a dollar amount
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select a name of the subordinate part of this subsection
Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Paid-in Capital and Retained EarningsTotal Stockholders’ EquityTotal Additional Paid-in Capital
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enter a balance sheet item
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enter a dollar amount
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select a closing subsection name
Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Additional Paid-in Capital Paid-in Capital Capital Stock Total Capital Stock Total Paid-in Capital Total Paid-in Capital and Retained Earnings Total Stockholders’ Equity Total Additional Paid-in Capital
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enter a total amount for this subsection
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enter a balance sheet item
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enter a dollar amount
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select a summarizing line for this part of the statement
Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Additional Paid-in Capital Paid-in Capital Capital Stock Total Capital Stock Total Paid-in Capital Total Paid-in Capital and Retained Earnings Total Stockholders’ Equity Total Additional Paid-in Capital
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enter a subtotal amount for this part of the statement
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enter a balance sheet item
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enter a dollar amount
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select between addition and deduction
Add Less
enter a balance sheet item |
enter a dollar amount
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select a closing section name
Cal Paid-in Capital
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$enter a total amount for this section
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Click if you would like to Show Work for this question: |
Open Show Work
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- Subject - accountarrow_forwardThe stockholders’ equity accounts of Flint Corporation on January 1, 2017, were as follows. Preferred Stock (8%, $100 par noncumulative, 4,950 shares authorized) $297,000 Common Stock ($4 stated value, 321,000 shares authorized) 1,070,000 Paid-in Capital in Excess of Par Value—Preferred Stock 14,850 Paid-in Capital in Excess of Stated Value—Common Stock 513,600 Retained Earnings 686,500 Treasury Stock (4,950 common shares) 39,600 During 2017, the corporation had the following transactions and events pertaining to its stockholders’ equity. Feb. 1 Issued 4,950 shares of common stock for $29,700. Mar. 20 Purchased 1,400 additional shares of common treasury stock at $7 per share. Oct. 1 Declared a 8% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.60 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017. Dec. 31…arrow_forward
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