I need help with stockholders equity

User Generated

natryn91775

Business Finance

Description

ACC-120.PDF   PR 11-4 B-Hamilton.xlsx    There is a spreadsheet that you can use as the format. I started putting some info in. The Pr 11-4B is the spreadsheet you will use and the other paper is the assignment. You are just doing PR 11-4B. Thanks in advance. Someone that knows what they are doing, will be able to do it in no time. 

Unformatted Attachment Preview

Problem 11-4B Name: Section: Score: Key Code: Angela Hamilton ACC-120 41% [Key code here] Instructions Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry. In T accounts, only final balances will be graded. Enter a zero for the final balance if appropriate. 1., 2. Common Stock Jan. 1 Bal. 3.100.000 15.500.000 Jan. 1 Bal. Treasury Stock 288.000 300.000 Dec. 31 Bal. Dec. 31 Bal. Paid-In Capital from Sale of Trea Paid-In Capital in Excess of Stated Value Jan. 1 Bal. 1.240.000 Stock Dividends Distribut Dec. 31 Bal. Retained Earnings Jan. 1 Bal. 4.875.000 775.000 Dec. 31 Bal. Stock Dividends 288.000 0 Dec. 31 Bal. Cash Dividends Dec. 31 Bal. 2. Jan. 15 Cash Dividends Payable Cash Mar. 15 Cash Treasury Stock Paid-In Capital from Sale of Treasury Stock 234.775 0 3. Apr. 13 Cash Common Stock Paid-In Capital in Excess of Stated Value June 14 Stock Dividends Stock Dividends Distributable Paid-In Capital in Excess of Stated Value July 16 Stock Dividends Distributable Common Stock Oct. 30 Treasury Stock Cash Dec. 30 Cash Dividends Cash Dividends Payable 31 Income Summary Retained Earnings 31 Retained Earnings Stock Dividends Cash Dividends NAV-GO ENTERPRISES INC. Retained Earnings Statement For the Period Ended December 31, 2014 Retained earnings (January 1, 2014) Net income Less: Cash dividends Stock dividends Increase in retained earnings Retained earnings (December 31, 2014) 4. NAV-GO ENTERPRISES INC. Balance Sheet December 31, 2014 Stockholders' Equity Paid-in capital: Common stock, $8 stated value (900,000 shares authorized, 844,600 shares issued) $ 4.875.000 $ 775.000 Excess of issue price over stated value From sale of treasury stock Total paid-in capital Retained earnings Total Deduct treasury stock (50,000 shares at cost) Total stockholders' equity Treasury Stock Capital from Sale of Treasury Stock Dec. 31 Bal. tock Dividends Distributable Dec. 31 Bal. 0 Stock Dividends 288.000 Cash Dividends 234.775 Problem 11-4B Name: Section: Score: Key Code: Angela Hamilton ACC-120 41% [Key code here] Instructions Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry. In T accounts, only final balances will be graded. Enter a zero for the final balance if appropriate. 1., 2. Common Stock Jan. 1 Bal. 3,100,000 15,500,000 Jan. 1 Bal. Treasury Stock 288,000 300,000 Dec. 31 Bal. Dec. 31 Bal. Paid-In Capital from Sale of Trea Paid-In Capital in Excess of Stated Value Jan. 1 Bal. 1,240,000 Stock Dividends Distribut Dec. 31 Bal. Retained Earnings Jan. 1 Bal. 4,875,000 775,000 Dec. 31 Bal. Stock Dividends 288,000 0 Dec. 31 Bal. Cash Dividends Dec. 31 Bal. 2. Jan. 15 Cash Dividends Payable Cash Mar. 15 Cash Treasury Stock Paid-In Capital from Sale of Treasury Stock 234,775 0 3. Apr. 13 Cash Common Stock Paid-In Capital in Excess of Stated Value June 14 Stock Dividends Stock Dividends Distributable Paid-In Capital in Excess of Stated Value July 16 Stock Dividends Distributable Common Stock Oct. 30 Treasury Stock Cash Dec. 30 Cash Dividends Cash Dividends Payable 31 Income Summary Retained Earnings 31 Retained Earnings Stock Dividends Cash Dividends NAV-GO ENTERPRISES INC. Retained Earnings Statement For the Period Ended December 31, 2014 Retained earnings (January 1, 2014) Net income Less: Cash dividends Stock dividends Increase in retained earnings Retained earnings (December 31, 2014) 4. NAV-GO ENTERPRISES INC. Balance Sheet December 31, 2014 Stockholders' Equity Paid-in capital: Common stock, $8 stated value (900,000 shares authorized, 844,600 shares issued) $ 4,875,000 $ 775,000 Excess of issue price over stated value From sale of treasury stock Total paid-in capital Retained earnings Total Deduct treasury stock (50,000 shares at cost) Total stockholders' equity Treasury Stock Capital from Sale of Treasury Stock Dec. 31 Bal. tock Dividends Distributable Dec. 31 Bal. 0 Stock Dividends 288,000 Cash Dividends 234,775
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer


Anonymous
Super useful! Studypool never disappoints.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Similar Content

Related Tags