Statement of Stockholders' Equity The stockholders’ equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows. COMMON STOCK   Jan. 1 Balance 1,500,000   Apr. 14 Issued       17,400 shares 696,000   Dec. 31 Balance 2,196,000 PAID-IN CAPITAL IN EXCESS OF PAR   Jan. 1 Balance 240,000   Apr. 14 Issued       17,400 shares 139,200   Dec. 31 Balance 379,200 TREASURY STOCK Aug. 7 Purchased       2,900 shares 107,300   RETAINED EARNINGS Mar. 31 Dividend 38,000 Jan. 1 Balance 2,610,000 June. 30 Dividend 38,000 Dec. 31 Closing   Sept. 30 Dividend 38,000   (Net income) 392,000 Dec. 31 Dividend 38,000 Dec. 31 Balance 2,850,000 Prepare a statement of stockholders’ equity for the year ended December 31, 20Y9. If an amount is zero or an entry is not required, leave the box blank. Also, if an amount reduces Stockholders' Equity, then add "minus" sign. I-Cards Inc. Statement of Stockholders' Equity For the Year Ended December 31, 20Y9   Common Stock $40 Par Paid-In Capital in Excess of Par Treasury Stock Retained Earnings Total Balance, Jan. 1, 20Y9 $ $ $ $ $ Issued 17,400 shares of Common Stock           Purchased 2,900 shares as Treasury Stock           Net Income           Dividends           Balance, Dec. 31, 20Y9 $ $ $ $ $

What is the total stockholders' equity based on the following account balances? Common Stock $375,000 Paid-In Capital in Excess of Par 90,000 Retained Eamings 190,000 15,000 Treasury Stock a. S655,000 b. 8640.000 C. S565 000 d. s670,000

View Policies Current Attempt in Progress On January 1, Swifty Corporation had 71000 shares of $10 par value common stock outstanding. On June 17, the company declared a 15% stock dividend to stockholders of record on June 20. Market value of the stock was $14 on June 17. The stock was distributed on June 30. The entry to record the transaction of June 30 would include a O debit to Common Stock Dividends Distributable for $149100. O debit to Stock Dividends for $42600. O credit to Paid-in Capital in Excess of Par for $42600. O credit to Common Stock for $106500. Save for Later Attempts: 0 of 1 used Submit Answer

Prepare stock holders equity section of the balance sheet

Alex Corporation reports the following components of stockholders' equity at December 31 of the prior year. Common stock-$25 par value, 60,000 shares authorized, 37,000 shares i issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 925,000 74,000 364,000 $ 1,363,000 During the current year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 3,700 shares of its own stock at $25 cash per share. January 7 February 28 July 9 August 27 September 9 October 22 December 31 Directors declared a $1.50 per share cash dividend payable on February 28 to the February 9 stockholders of record. Paid the dividend declared on January 7. Sold 1,480 of its treasury shares at $30 cash per share. Sold 1,850 of its treasury shares at $21 cash per share. Directors declared a $2 per share cash dividend payable on October 22 to the September 23 stockholders of record. Paid the dividend declared on…

The stockholders’ equity section of Creighton Company’s balance sheet is shown as follows:   CREIGHTON COMPANY As of December 31, Year 3 Stockholders’ equity       Preferred stock, $10 stated value, 7% cumulative,300 shares authorized, 50 issued and outstanding $ 500   Common stock, $10 par value, 250 shares authorized,100 issued and outstanding   1,000   Common stock, class B, $20 par value, 400 sharesauthorized, 150 issued and outstanding   3,000   Common stock, no par, 150 shares authorized,100 issued and outstanding   2,200   Paid-in capital in excess of stated value—preferred   600   Paid-in capital in excess of par value—common   1,200   Paid-in capital in excess of par value—class B common   750   Retained earnings   7,000   Total stockholders’ equity $ 16,250      Requireda. Assuming the preferred stock was originally issued for cash, determine the amount of cash collected when the stock was issued.b. Based on the class B common stock alone,…

List the errors in the following Stockholders' Equity section of the balance sheet prepared as of the end of the current year: Stockholders' Equity Paid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued).... Excess of issue price over par. Retained earnings.... Treasury stock (75,000 shares at cost) Dividends payable... Total paid-in capital $10,000,000 $ 10,500,000 96,700,000 500,000 1,755,000 430,000 $ 109,385,000 Common stock, $20 par (1,000,000 shares authorized, 825,000 shares issued)..... 17,655,000 Organizing costs .... Total stockholders'equity.. 300,000 $127,340,000 ... ...

Telex Inc. Balance Sheet December 31, 20Y7 Stockholders' Equity Paid-in capital: Preferred 10% stock, $50 par (2,000 shares authorized and issued).... Excess of issue price over par.... Paid-in capital, preferred stock.... Common stock, $20 par (50,000 shares authorized, 45,000 shares issued)..... Excess of issue price over par.... Paid-in capital, common stock $100,000 10,000 $ 110,000 $900,000 190,000 1,090,000 .... 2,000 From sale of treasury stock..... Total paid-in capital... Retained earnings. $1,202,000 350,000 $1,552,000 Total Treasury stock (600 shares at cost).... Total stockholders' equity... (27,000) $1,525,000

On January 1, Marigold Corp. had 54,800 shares of no-par common stock issued and outstanding. The stock has a stated value of $4.per share. During the year, the following transactions occurred. Apr. 1 June 15 July 10 Dec. 1 (a) 15 Issued 8,200 additional shares of common stock for $11 per share. Declared a cash dividend of $1.40 per share to stockholders of record on June 30. Paid the $1.40 cash dividend. Issued 4,300 additional shares of common stock for $11 per share. Declareda cash dividend on outstanding shares of $1.50 per share to stockholders of record on December 31. Prepare the entries, if any, on each of the three dates that involved dividends. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Titles and Explanation Date 10 Account Debit Credit

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