Alpha Co. sold 10,000 shares of common stock, which has a par value of $10, for $13 per share.The company’s balance in retained earnings is $75,000. Prepare the stockholders’ equity section ofthe company’s balance sheet.

Q: Ahnberg corporation had 760,000 shares of common stock and issued and outstanding at january 1. no…

A: Earnings per share (EPS):   The amount of net income available to each shareholder per common share…

Q: In Draco Corporation’s first year of business, the following transactions affected its equity…

A: Given information is: ∙ Issued 4,000 shares of $2 par value common stock for $18. It authorized…

Q: Beta Co. sold 10,000 shares of common stock, which has a par value of $25, for $27 per share.The…

A: Stockholders' equity section of a balance sheet includes paid in capital and retained earnings.

Q: The Sneed Corporation issues 10,900 shares of $49 par preferred stock for cash at $63 per share. The…

A: Share capital: It refers to the cap[ital raised by the company by issuing common stock or preferred…

Q: The Sneed Corporation issues 10,000 shares of $50 par preferred stock for cash at $75 per share.…

A: Paid in capital in excess of par = (Issue price per share - Face value per share) x No. of shares =…

Q: Junkyard Arts, Inc., had earnings of $172,300 for the year. The company had 23,000 shares of common…

A: Earnings per share refer to the amount earned by each stockholder. This can be identified by…

Q: Centex, Inc. issued 47,000 shares of its $1 par value common stock for $30 per share. The journal…

A: The company can raise funds by various methods. Some of them are, by way of issuing common stock,…

Q: In Draco Corporation's first year of business, the following transactions affected its equity…

A: Stockholders equity: When the common stock is issued, the shareholders become the company owners and…

Q: A company has 360,000 shares authorized, 200,000 shares issued, and 100,000 shares outstanding. The…

A: Introduction: Authorized shares: Every company is allowed to issue certain number of shares. Simply…

Q: Trendy Computer Systems reported the following shareholders' equity section as of the beginning of…

A:

Q: Journalize the entries to record (1) the declaration of the dividend on December 1, capitalizing an…

A:

Q: Blossom Corporation earned $352,000 during a period when it had an average of 100,000 shares of…

A: Incremental shares = [(Market price - option price)/market price] x no. of warrant = [(15-10)/15] x…

Q: The accounts below appear in the current year-end trial balance of Trogss Company: Accounts payable…

A: Net income = sales - total expenses = 16000000 - 12480000 = 3520000 Ending retained earnings balance…

Q: The board of directors of Clear Communications has declared a dividend of $2,500,000. The company…

A: Total Dividend = $2,500,000 Preferred Dividend = 240,000 shares * $2.10 Preferred Dividend =…

Q: On December 31, Westworld Inc. has the following equity accounts and balances: Retained Earnings,…

A: Stockholders' equity: Stockholders' equity means the remaining net assets available to shareholders.…

Q: A company has 31,000 shares of common stock outstanding. The stockholders' equity applicable to…

A: Book value per share= (Shareholder's equity- Preferred stock )/ Common stock shares

Q: Bramble Corp.'s balance sheet reported the following: Capital stock outstanding, 5,000 shares, par…

A: The treasury stock is the purchase of its own share by the company.

Q: Quickbux Co. issued and sold 1,000 shares of common stock, with a par value of $5, for $12 per…

A: Shareholders' equity includes common stock, preferred stock, paid-in capital in excess of par, and…

Q: Elroy Corporation repurchased 3,400 shares of its own stock for $40 per share. The stock has a par…

A: Preparing journal entries for treasury stock:

Q: Torres Inc. issues 40,000 shares of its $0.05 par value common stock for $70 per share. The journal…

A: To record issue of shares at a value more than par value, common stock will be credited by par value…

Q: Tamara Corporation has 5,000 shares of $10 par value common stock outstanding and retained earnings…

A: Event Account Titles and Explanation Debit Credit a Retained earnings  $    10,000     To…

Q: During its first year of operations, Harlan Corporation had the following transactions pertaining to…

A: A par value stock is a type of common or preferred stock having a nominal amount (known as par…

Q: Snow Cleaners, Inc., had net income of $493,600 for its year ended December 31, 2018. During the…

A: Earning Per Share is the amount of total earning of the firm in a financial year, available to…

Q: A company sold 10,000 shares of its own $1 par value common stock for $60,000. The entry to record…

A: Solution:- Journal entry for sale of common shares at par value

Q: The board of directors of SSS Inc., have declared a dividend of P18,000,000. The company has 40,000…

A: The dividend is the return to the shareholders by the company for the investment made. Shares are…

Q: Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear…

A: In case of declaration of stock dividend the dividend to the shareholders is paid in form of shares…

Q: Elroy Corporation repurchased 4,000 shares of its own stock for $50 per share. The stock has a par…

A: Treasury Stock: It refers to the shares that are reacquired by the corporation that is already…

Q: Monty Inc. has 5,400,000 shares of common stock issued and outstanding. On April 1, the board of…

A:

Q: In its first year of operations, Martinez Corporation had the following transactions pertaining to…

A: We have the following information: Preferred stock par value: $10 Feb. 1 Issued 8,000 shares for…

Q: Junkyard Arts, Inc., had earnings of $543,200 for the year. The company had 48,000 shares of common…

A: Basic earnings per share = Net income available to common stockholders/Number of common stock…

Q: Ix Company issued 42,000 shares of $10 par value common stock at a market price of $34. As a result…

A: Stockholder equity = Value of Common stock + Paid-in capital in excess of par

Q: Junkyard Arts, Inc., had earnings of $316,000 for the year. The company had 40,000 shares of common…

A: Calculate earnings per share:

Q: Oregon, Inc., reported net income of $105,000. During the current year, the company had 5,000 shares…

A: Dividend to preferred stockholders = No. of preferred stock x par value per share x rate of dividend…

Q: The balance sheet for Lauren Inc. shows the following: total paid-in capital and retained earnings…

A: Given, Total paid-in capital and retained earnings= $877,000 Total stockholders’ equity = $817,000…

Q: Global Corporation had 60,000 shares of $20 par value common stock outstanding on July 1. Later that…

A: Stock dividends are dividends paid to the shareholders in the form of shares i.e. instead of cash…

Q: During its first year of operations, Flounder Corporation had the following transactions pertaining…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 2,000,000…

A: Stockholders’ equity: It refers to the remaining amount of assets that are available to the…

Q: Provide the following journal entry- On Jan 1. ABC Corp declared a 50 cent dividend to stockholders.…

A: Given that  ABC Corp : 50000 shares outstanding  declared dividend = 50%

Q: On January 3, Melrose Corporation purchased 1,800 shares of the company's $1 par value common stock…

A: Value of treasury stock purchaes = 1800 * $11 = $19,800 Cash amount received from sale of 1450…

Q: Nebraska Inc. issues 2,750 shares of common stock for $88,000. The stock has a stated value of $20…

A: When common stock is issued above par/stated value then the journal entry comprises of debit of cash…

Q: Milo Co. had 795,000 shares of common stock outstanding as of January 1. On May 1, they issued…

A: Firstly, we shall calculate the Shares that were outstanding during the year and the Months for…

Q: Oregon, Inc. reported net income of $105,000. During the current year, the company had 5,000 shares…

A: The earnings per share is calculated as net income divided by outstanding shares.

Q: Marcy Company had 30,000 shares of common stock at the beginning of the year. On July 1, it issued…

A: Formulas: Weighted average number of shares = Actual shares out standing * Fraction of year…

Q: Vincent Corporation has 98,000 shares of $105 par common stock outstanding. On June 30, Vincent…

A: Stock dividend is an issue of dividends in the form of additional shares to the existing…

Q: A corporation sold 13,500 shares of its $10 par value common stock at a cash price of $14 per share.…

A: When shares are sold by a corporation in excess of par, cash is received and an increase in cash is…

Q: Sanders Corporation has the following shares outstanding: 6,000 shares of $50 par value, 6%…

A: Please find the answers to the above questions below:

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.