Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $5 stated value $450,000 311,300 Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Preferred Stock 114,000 Paid-In Capital in Excess of Stated Value-Common Stock Preferred 2% Stock, $100 par Retained Earnings. Prepare the Paid-In Capital portion of the "Stockholders' Equity" section of the balance sheet using Method 1 of Exhibit 9. There are 290,000 shares of common stock authorized and 25,000 shares of preferred stock authorized. Point Loma Group Inc. Balance Sheet October 31, 20XX Stockholder's Equity Paid-in Capital: Total Paid-In Capital 1,080,000 950,000 3,835,000 100 100

Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $5 stated value $450,000 311,300 Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Preferred Stock 114,000 Paid-In Capital in Excess of Stated Value-Common Stock Preferred 2% Stock, $100 par Retained Earnings. Prepare the Paid-In Capital portion of the "Stockholders' Equity" section of the balance sheet using Method 1 of Exhibit 9. There are 290,000 shares of common stock authorized and 25,000 shares of preferred stock authorized. Point Loma Group Inc. Balance Sheet October 31, 20XX Stockholder's Equity Paid-in Capital: Total Paid-In Capital 1,080,000 950,000 3,835,000 100 100

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter12: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

Problem 17E: Reporting paid-in capital The following accounts and their balances were selected from the adjusted...

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Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Block Ayala Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value $700,000 Paid-In Capital from Sale of Treasury Stock 404,900 Paid-In Capital in Excess of Par-Preferred Stock 106,560 Paid-In Capital in Excess of Stated Value-Common Stock 1,680,000 Preferred 2% Stock, $120 par 888,000 Retained Earnings 4,989,000 Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 160,000 shares of common stock authorized and 20,000 shares of preferred stock authorized. Block Ayala Group Inc., Stockholders' Equity October 31 Paid-In Capital: Total Paid-In Capital
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Block Ayala Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $22 stated value $5,500,000 Paid-In Capital from Sale of Treasury Stock 35,000 Paid-In Capital in Excess of Par—Preferred Stock 165,000 Paid-In Capital in Excess of Stated Value—Common Stock 380,000 Preferred 2% Stock, $110 par 6,050,000 Retained Earnings 31,036,000 Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 300,000 shares of common stock authorized and 100,000 shares of preferred stock authorized. Block Ayala Group Inc.,Stockholders' EquityOctober 31 Paid-In Capital: $- Select - - Select - $- Select - $- Select - - Select - - Select - - Select - Total Paid-In Capital…
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Block Ayala Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $22 stated value $5,500,000 Paid-In Capital from Sale of Treasury Stock 35,000 Paid-In Capital in Excess of Par-Preferred Stock 165,000 Paid-In Capital in Excess of Stated Value-Common Stock 380,000 Preferred 2% Stock, $110 par 6,050,000 Retained Earnings 31,036,000 Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 300,000 shares of common stock authorized and 100,000 shares of preferred stock authorized. Block Ayala Group Inc., Stockholders' Equity October 31 Paid-In Capital: Preferred 2% Stock, $110 Par (100,000 Shares Authorized, 55,000 Shares Issued) Excess Over Par Paid-In Capital, Preferred Stock Common Stock, No Par, $22 Stated Value (300,000 Shares Authorized,…
The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: 1 Common Stock, no par, $14 stated value $4,480,000.00 2 Paid-In Capital from Sale of Treasury Stock 45,000.00 3 Paid-In Capital in Excess of Par-Preferred Stock 210,000.00 4 Paid-In Capital in Excess of Stated Value-Common Stock 480,000.00 5 Preferred 2% Stock, $120 par 8,400,000.00 6 Retained Earnings 39,500,000.00 Prepare the Paid-In Capital portion of the stockholders’ equity section of the balance sheet using Method 1 of Exhibit 8. There are 375,000 shares of common stock authorized and 85,000 shares of preferred stock authorized. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Amount Descriptions Common stock dividends Common stock, no par, $14…
The following accounts and their balances were selected from the unadjusted trial bal- ance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value ... Paid-In Capital from Sale of Treasury Stock... Paid-In Capital in Excess of Par-Preferred Stock .... Paid-In Capital in Excess of Stated Value-Common Stock Preferred 2% Stock, $120 par . Retained Earnings $ 4,480,000 45,000 210,000 480,000 8,400,000 39,500,000 Prepare the Paid-In Capital portion of the stockholders' equity section of the balance sheet using Method 1 of Exhibit 8. There are 375,000 shares of common stock authorized and 85,000 shares of preferred stock authorized.
The following accounts and their balances were selected from the adjusted trial balance of Block Ayala Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value $980,000 Paid-In Capital from Sale of Treasury Stock 551,400 Paid-In Capital in Excess of Par-Preferred Stock 135,360 Paid-In Capital in Excess of Stated Value-Common Stock 2,352,000 Preferred 2% Stock, $120 par 1,128,000 Retained Earnings 6,794,000 Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 22 shares of common stock authorized and 25,000 shares of preferred stock authorized. Block Ayala Group Inc., Stockholders' Equity October 31 Paid-In Capital: Common Stock x Excess Over Par Paid-In Capital, Preferred Stock v From Sale of Treasury Stock x Retained Earnings x Cash X From Sale of Treasury Stock v Total Paid-In Capital
The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value $700,000 Paid-In Capital from Sale of Treasury Stock 422,700 Paid-In Capital in Excess of Par—Preferred Stock 122,400 Paid-In Capital in Excess of Stated Value—Common Stock 1,680,000 Preferred 2% Stock, $120 par 1,020,000 Retained Earnings 5,208,000 Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 160,000 shares of common stock authorized and 23,000 shares of preferred stock authorized. Point Loma Group Inc., Stockholders' Equity October 31, 20XX Paid-in Capital: Preferred 2% Stock, $120 Par (23,000 Shares Authorized, 8,500 Shares Issued) $fill in the blank 2 fill in the blank 4 $fill in the blank 6 $fill in the blank 8 fill…
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Block Ayala Group Inc, a freight forwarder, at October 31, the end of the current fiscal year Common Stock, no par, $22 stated value $5,500,000 Paid-In Capital from Sale of Treasury 35,000 Stock Paid-In Capital in Excess of Par-Preferred Stock Paid-In Capital in Excess of Stated Value -Common Stock 380,000 Preferred 2% Stock, $110 par 6,050,000 Retained Earnings 31,036,000 Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8 There are 300,000 shares of common stock authorized and 100,000 shares of pred stated Block Ayala Group Inc. Stockholders Equity October 31 Toogoool Paid-In Capital 00 00 Total Pidin Capital 165,000 0 00 (mme î
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Accounting A. The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Preferred Stock Paid-In Capital in Excess of Stated Value-Common Stock $1,120,000 555,300 87,840 2,688,000 Preferred 2% Stock, $120 par Retained Earnings Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet. There are 260,000 shares of common stock authorized and 16,000 shares of preferred stock authorized. 732,000 6,842,000
Required information [The following information applies to the questions displayed below.] Consolidated Edison, Incorporated (Con Edison), is a public utility company operating primarily in New York whose annual revenues exceed $12 billion. It reported the following December 31 simplified balances in its statement of stockholders' equity (dollars in millions): Current Year $ 38 8,554 11,500 Prior Year $ 35 7,667 11,088 Common stock Paid-in capital Retained earnings During the current year, Con Edison reported net income of $1,383. Dividends Required: 1. How much did Con Edison declare in dividends for the year? Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10).
The following information was taken from the accounting records of ATLANTA Company for the year ended December 31, 2021: Net income during the year, P2,250,000Proceeds from the issuance of preference shares, P4,000,000Dividends paid on preference shares, P400,000Bonds payable converted to ordinary shares, P2,000,000Payment for purchase of machinery, P500,000Proceeds from sale of plant building, P1,200,000Retirement of bonds payable at face value, P2,500,0002% bonus issue on ordinary shares, P300,000Purchase of ordinary treasury shares, P120,000Payment for the purchase of debt securities at amortized cost, P450,000Gain on sale of plant building, P200,000Depreciation expense, P188,000Doubtful accounts expense, P87,000Increase in accounts receivable, P325,000Decrease in merchandise inventory, P129,000Increase in investments in equity securities at FVTPL, P440,000Increase in accounts payable, P90,000Decrease in accrued expenses, P225,000Increase in income tax payable, P117,000 How much is…