Use the information given to fill out missing boxes correctly DateAccount Titles and ExplanationDebitCreditJan. 10 vCash468,000Common Stock234,000Paid-in Capital in Excess of Stated Value-Common Stock234,000Мar. 1Cash498,750Preferred Stock475,000Paid-in Capital in Excess of Par-Preferred Stock23,750Apr. 1Land87,000Common Stock72,000Paid-in Capital in Excess of Stated Value-Common Stock15,000May 1Cash325,125Common Stock229,500Paid-in Capital in Excess of Stated Value-Common Stock95,625Aug. 1Organization Expense42,000Common Stock33,000Paid-in Capital in Excess of Stated Value-Common Stock9,000Sept. 1Cash57,500Common Stock34,500Paid-in Capital in Excess of Stated Value-Common Stock23,000Nov. 1Cash162,000Preferred Stock150,000Paid-in Capital in Excess of Par-Preferred Stock12,000 Preferred StockCommon StockPaid-in Capital in Excess of Par-Preferred StockPaid-in Capital in Excess of Stated Value-Common Stock>

The T-accounts are prepared as posting balances using journal entries for each account. Further…

Answered: Date Account Titles and Explanation…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following data pertains to Kyne Co.’s investments in marketable equity securities: Market value Cost 12/31/22 12/31/23XYZ Stock 150,000 $155,000 $100,000ABC Stock $150,000 130,000 120,000 What amount should Kyne include as unrealized holding loss in its 2023 Net Income?a) $50,000b) $55,000c) $60,000d) $65,000e) $5,000
If Swifty Corporation issues 3500 shares of $10 par value common stock for $351000, the account Cash will be debited for $351000. Common Stock will be credited for $316000. Paid-in Capital in Excess of Par Value will be credited for $351000. Paid-in Capital in Excess of Par Value will be credited for $386000.
The trial balance of Oriole Inc. includes the following balances: Common Stock, $41000; Paid-in Capital in Excess of Par, $64200; Treasury Stock, $5500; Preferred Stock, $30400. Capital stock totals $105200. $141100. $135600. $71400.
You have been provided with the following information for the year ended 30 June 2022 for ABCLtd:RNet profit for the year -R1 800 000Weighted average number of shares (WANOS) outstanding during the year-R 120 000Average fair value per share -R30.00Weighted average number of shares (WANOS) under option during the year -R25 000Exercise price for shares under option during the year -R28.00REQUIRED:Q.2.1 Explain the purpose and objective of disclosing diluted earnings per share.
What is the total stockholders' equity based on the following account balances? Common Stock $2260000 Paid-In Capital in Excess of Par 126000 Retained Earnings 566000 Treasury Stock 66000 $2128000. $2886000. $3012000. $2634000.
What is a Capital Asset?, Holding Period, Calculation of Gain or Loss, Net Capital Losses (LO 4.1, 4.2, 4.3, 4.5) Charu Khanna received a Form 1099-B showing the following stock transactions and basis during 2019: Stock DatePurchased Date Sold SalesPrice CostBasis 4,000 shares Green Co. 06/04/08 08/05/19 $12,000 $3,000 500 shares Gold Co. 02/12/19 09/05/19 54,000 62,000 5,000 shares Blue Co. 02/04/09 10/08/19 18,000 22,000 100 shares Orange Co. 11/15/18 07/12/19 19,000 18,000 None of the stock is qualified small business stock. The stock basis was reported to the IRS. Calculate Charu's net capital gain or loss using Schedule D and Form 8949.
The following represents the stockholder’s equity account of Security Data Company: 0 R Preferred stock R200,000 Common stock (R4 par) R200,000 Paid-in capital in excess of par R350,000 Retained earnings R350,000 Total stockholder’s equity ######## Additional information provided: Current share price R40 Earning Available to Common Shareholders (EACS) R120,000 The firm is considering a 5% stock dividend. A. Rework the stockholder’s equity account for Security Data Company should the firm decide to implement the stock dividend. Current New Preferred stock R200,000 [0,5] Common stock (R4 par) R200,000 [1] Paid-in capital in excess of par R350,000 0 [1] Retained earnings R350,000 [1] Total stockholder’s equity ######## 0.5
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Date Account Titles and Explanation Debit Credit Jan. 10 Cash 468,000 Common Stock 234,000 Paid-in Capital in Excess of Stated Value-Common Stock 234,000 Mar. 1 Cash 498,750 Preferred Stock 475,000