The stockholders' equity section of Beta Corporation's balance sheet as of December 31, 2025 is as follows: Stockholders' Equity Common stock, $5 par value; authorized, 2,000,000 shares; issued, 600,000 shares Paid-in capital in excess of par Retained earnings The following events occurred during 2026: 1. Jan. 5 2. Jan. 16 3. Feb. 20 4. March 1 5. April 1 6. July 1 7. Aug. 1 $3,000,000 850,000 4,500,000 $8,350,000 45,000 shares of common stock were sold for $8 per share. Declared a cash dividend of 20 cents per share, payable February 15 to stockholders of rec on February 5. 60,000 shares of authorized and unissued common stock were sold for $12 per share. A 30% stock dividend was declared and issued. Fair value per share is currently $15. A two-for-one split was carried out. The par value of the stock was to be reduced to $2.50 share. Fair value on March 31 was $18 per share. A 15% stock dividend was declared and issued. Fair value is currently $10 per share. A cash dividend of 20 cents per share was declared, payable September 1 to stockholder record on August 21. REQUIRED: 1. Record the journal entries on the following page. 2. Answer the following questions: a. What is the number of common shares outstanding on December 31, 2026? b. What is the balance in Retained Earnings on December 31, 2026?

The stockholders’ equity accounts of Grouper Company have the following balances on December 31, 2020. Common stock, $10 par,  290,000 shares issued and outstanding   $ 2,900,000 Paid-in capital in excess of par—common stock   1,120,000 Retained earnings   5,110,000 Shares of Grouper Company stock are currently selling on the Midwest Stock Exchange at $ 36.Prepare the appropriate journal entries for each of the following cases. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a)   A stock dividend of  7% is (1) declared and (2) issued. (b)   A stock dividend of 100% is (1) declared and (2) issued. (c)   A  2-for-1 stock split is (1) declared and (2) issued.   No. Account Titles and Explanation Debit Credit (a) (1) enter an account title for case A to record the declaration of stock dividends…

On January 1, 2020, the stockholders’ equity section of Skysong, Inc. shows common stock ($6 par value) $1,800,000; paid-in capital in excess of par $1,070,000; and retained earnings $1,220,000. During the year, the following treasury stock transactions occurred. Mar. 1   Purchased 51,000 shares for cash at $15 per share. July 1   Sold 10,500 treasury shares for cash at $17 per share. Sept.   1   Sold 9,000 treasury shares for cash at $14 per share.

On January 1, 2023, Sunland Ltd. had 498,000 common shares outstanding. During 2023, it had the following transactions that affected the common share account: Feb. 1 Mar. 1 May 1 June 1 Oct. 1 Issued 180,000 shares Issued a 10% stock dividend Acquired 195,000 common shares and retired them Issued a 2-for-1 stock split Issued 74,000 shares The company's year end is December 31. Determine the weighted average number of shares outstanding as at December 31, 2023. (Round answer to 0 decimal places, e.g. 5,275.) Weighted average number of shares outstanding eTextbook and Media Assume that Sunland earned net income of $3,164,460 during 2023. In addition, it had 110,000 of 8%, $100 par, non-convertible, non-cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2023. Calculate earnings per share for 2023, using the weighted average number of shares determined above. (Round answer to 2…

Stockholders' equity accounts, arranged aphabetically are the ledger of Pina Colada Corp. at December 31, 2020. Common Stock ($5 stated value)                                          $1,675,000 Paid-in capital inexcess of par-preferred stock                        279,000 Paid-in capital in excess of stated value-common stock.        936,000 Preferred stock (8%, $103 par)                                                  489,250 Ratained Earnings                                                                     1,120,000 Treasury Stock (12,000 common shares)                                 144,000 Prepare the stockholders' equity section of the balance sheet at December 31, 2020.  *please solve and explain process. Thank you

Comparative statements of shareholders’ equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2021, 2022, and 2023.  ANACONDA INTERNATIONAL CORPORATIONStatements of Shareholders' EquityFor the Years Ended Dec. 31, 2021, 2022, and 2023($ in millions)   Preferred Stock$10 par   Common Stock$1 par   AdditionalPaid-In Capital   Retained Earnings   TotalShareholders' Equity Balance at January 1, 2021       65       520       1,860       2,445   Sale of preferred shares 30             900               930   Sale of common shares       7       56               63   Cash dividend, preferred                       (3 )     (3 ) Cash dividend, common                       (17 )     (17 ) Net income                       340       340   Balance at December 31, 2021 30     72       1,476       2,180       3,758   Retirement of shares       (2 )     (16 )     (24 )     (42 ) Cash dividend, preferred…

Kk28. help me solve june 8

The stockholders’ equity accounts of Cheyenne Company have the following balances on December 31, 2020. Common stock, $10 par, 295,000 shares issued and outstanding   $2,950,000 Paid-in capital in excess of par—common stock   1,280,000 Retained earnings   5,950,000 Shares of Cheyenne Company stock are currently selling on the Midwest Stock Exchange at $39.Prepare the appropriate journal entries for each of the following cases. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a)   A stock dividend of 7% is (1) declared and (2) issued. (b)   A stock dividend of 100% is (1) declared and (2) issued. (c)   A 2-for-1 stock split is (1) declared and (2) issued.

j

Prepare the journal entries to record the above stock transactions