The following are data pertaining to ABC Corporation: Ordinary share Capital, with par value of P50, 18,500 issued shares 925.000 Additional Paid in Capital 125,000 Retained Earnings 4,500,000 Shareholder's Equity 5,550,000 The following transactions took place: Aug 10-Reacquired 6,000 ordinary shares for treasury at P60 per share Aug 12- 2,500 treasury shares were sold at P62 per share Aug 20- Another 1,000 treasury shares were sold at P55 per share Aug 31- 1,000 treasury shares were retired Required: Journalize each transaction and compute for the new balance of Shareholder's Equity.

Q: On October 10, the stockholders' equity section of Sherman Systems appears as follows. Common…

A: Treasury shares are those shares which are repurchased or reacquired by the business from its own…

Q: On July 1, Davidson Corporation had the following capital structure: Common stock ( $4 par value)…

A: In the context of the given question, two independent cases are there. In case no. 1, the Board of…

Q: At the beginning of current year, Cash Company reported the following shareholders' equity: Share…

A: The unappropriated retained earnings are the net retained earnings available to shareholders after…

Q: On January 1, 20X1, Browning Corporation had 75,000 shares of $1 par value common stock issued and…

A: We have the following information: On January 1 20X1: Browning Corporation had 75,000 shares of $1…

Q: on December 31, 20X1, the Stockholders’ Equity section of Mercedes Corporation was as follows:…

A: The dividend is paid to shareholders from the retained earnings of the business.

Q: Carl Corporation has the following beginning balances in its stockholders' equity accounts on…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported…

A: The number of share issued was= Amount of preferred stock/ par value

Q: At the beginning of current year, Cash Company reported the following shareholders' equity: Share…

A: Calculation of balance of Unappropriated Retained earnings at the end of year    Amount (In P)…

Q: At the beginning of current year, Cash Company reported the following shareholders' equity: Share…

A: Calculation of balance of Unappropriated Retained earnings at the end of year    Amount (In P)…

Q: Fox Corporation had the following stockholders' equity amounts on January 1,: Preferred Stock, 5%,…

A: For the purpose of recording transactions of the business, they are recorded in a journal first.…

Q: Pearl Corporation has the following capital structure at the beginning of the year: 4% Preferred…

A: Stock holder Equity: It is an account on a company’s balance sheet which  contain  share capital and…

Q: At December 31, the stockholders’ equity section shows: Ordinary share capital, P5 par value;…

A: Book value per share calculates the ratio between owner’s equity and no. of the outstanding shares…

Q: Prepare journal entries to record the following transactions: a.      Sold 14,000 shares of the…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: 1. At December 31, the Shareholders’ Equity section shows:   Ordinary Share, P 5 par, value…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: At December 31, the Shareholders’ Equity section shows: Ordinary Share, P 5 par, value 1,320,000…

A: Shareholders’ equity can be defined as the amount invested by the owner in the company. It includes…

Q: Sengoku Company provided the following accounts at year-end: Authorized share capital 5,000,000…

A: Share capital includes the parts of capital which are issued so that investors can invest for…

Q: Sheffield Corp.'s balance sheet reported the following: Capital stock outstanding, 4,000 shares,…

A: Treasury stock is the amount or value of stock that is being reacquired or repurchased from the…

Q: The stockholders' equity section of Thompson Corporation's balance sheet at December 31 is presented…

A: Number of common shares outstanding = Number of common shares issued - Number of treasury shares…

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: ABC Corporation had the following Balance Sheet:             Paid-in-Capital: Common Stock (($4-par,…

A: a) The journal entry is shown below,

Q: The stockholders’ equity section of Monty Corp.’s balance sheet at December 31 is presented here.…

A: (a)

Q: At December 31, the stockholders’ equity section shows: Ordinary share capital, P10 par value;…

A: At December 31, the Stockholders’ equity section shows:  Ordinary share capital, P10 par value…

Q: DEF Co. earned income of $750,000 for the fiscal year ended Dec 31. At the beginning of that year…

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A: Paid in Capital:-It is the cash or other assets given by the investors in exchange for Stocks i.e…

Q: Enscoe Enterprises, Inc. (EEI) has 220,000 shares authorized, 170,000 shares issued, and 30,000…

A: Calculate the book value per share as follows: Book value per share = Total equity / Number of…

Q: Kohler Corporation reports the following components of stockholders’ equity at December 31 of the…

A: Solution 1:       Kohler Corporation - Journal Entries Date Particulars Debit  Credit 2-Jan…

Q: The following shareholders' equity accounts are reported by Branch Inc on January 1: Common shares…

A: Contributed capital represents the excess capital remained by issuing the shares at the price above…

Q: Upperchurch Company reports the following components of stockholders' equity on January 1. Common…

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Q: An entity provided the following shareholders' equity at year-end: Ordinary share capital, P100 par,…

A: GIVEN ÷ Ordinary share capital  P7200000                  ( 72000×100 each)  Retained earnings…

Q: The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are…

A: Statement of Stockholders Equity:

Q: Kohler Corporation reports the following components of stockholders’ equity at December 31 of the…

A: The stockholder's equity section of the balance sheet consists of details of the contributed capital…

Q: Mara Company provided the following data at year-end: Authorized share capital 5,000,000 Unissued…

A: Shareholders' equity in the balance sheet represents the amount which can be obtained by deducting…

Q: On January 1, 20x1, Raven Ltd. had 40,000 shares of common shares issued and outstanding. The book…

A: 1. Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders…

Q: At the beginning of current year, Cash Company reported the following shareholders' equity: Share…

A: Retained earnings are that part of a total profit of a company that is retained after paying all…

Q: Kohler Corporation reports the following components of stockholders' equity at December 31 of the…

A: Shareholders Equity refers to sum of Common shares Capital, Retained Earnings and Preferred stock.

Q: Crane Company's balance sheet reported the following: Capital stock outstanding, 4,000 shares, par…

A: Treasury stock: Shares which are bought back by the company from the open market but not retired…

Q: At the beginning of current year, Lauretta Company reported the following shareholders' equity:…

A: Particulars Amount Retained earnings at the beginning 2,000,000 Less: Property dividend at Fair…

Q: ane Technologies Inc. reported the following information related to its shareholders' equity on…

A: Number of authorized shares will not change  for issue or reacquisition of shares = 1680000 shares

Q: The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported…

A: Stocks represent ownership in a company issued by the company to obtain capital or pay for…

Q: The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported…

A: CALCULATIONS :   1. THE NUMBER OF SHARES OF PREFERRED STOCK ISSUED WAS : = $96,000 / $20 = 4,800…

Q: The total issued and outstanding of GRAPES Company ordinary shares at ₱10 par is 100,000 shares. All…

A: Book value = No. of ordinary shares x average price -  treasury shares

Q: . The total issued and outstanding of GRAPES Company ordinary shares at ₱10 par is 100,000 shares.…

A: solution given The total issued and outstanding of GRAPES Company ordinary shares at ₱10 par is…

Q: APL Corporation's records included the following stockholders' equity accounts Preferred Shares, par…

A: The answer is as fallows

Q: On October 10, the stockholders’ equity section of Sherman Systems appears as follows. Common…

A: Shareholder's Equity - This statement includes Common Stock, Paid in Capital in Excess of Par,…

Q: mon shares 2 for 1 when the common shares were trading at $30 per share. July   25   Reacquired 340…

A: Answer 1)

Q: At the beginning of current year, Cash Company reported the following shareholders' equity: Share…

A: The unappropriated retained earnings are the net retained earnings that are available for the…

Q: During the current year, the entity had the following organized and authorized to issue 100,000…

A: Treasury shares means the share which has been buy back by the company . It will be shown as…

Q: Olive Corporation has 75,000 outstanding shares of P5 par value ordinary share capital and 30,000…

A: Dividend - Dividend is the amount paid by the company to their shareholder's from the part of the…

Q: The stockholders’ equity section of Riverbed Corp’s balance sheet at December 31 is presented here.…

A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

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.