Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Preferred stock balance sheet presentation

01/10/2021 Client: muhammad11 Deadline: 2 Day

Stockholders’ Equity: Transactions and Balance Sheet Presentation The stockholders’ equity of Summit Corporation at January 1 follows: 7 Percent preferred stock, $100 par value, 20,000 shares authorized; 5,000 shares issued and outstanding $500,000 Common stock, $15 par value, 100,000 shares authorized; 40,000 shares issued and outstanding 600,000 Paid-in capital in excess of par value-Preferred stock 24,000 Paid-in capital in excess of par value-Common stock 360,000 Retained earnings 325,000 Total Stockholders' Equity $1,809,000 The following transactions, among others, occurred during the year: Jan. 12 Announced a 3-for-1 common stock split, reducing the par value of the common stock to $5 per share. The authorization was increased to 300,000 shares. Mar. 31 Converted $40,000 face value of convertible bonds payable (the book value of the bonds was $43,000) to common stock. Each $1,000 bond converted to 130 shares of common stock. June 1 Acquired equipment with a fair market value of $70,000 in exchange for 500 shares of preferred stock. Sept. 1 Acquired 10,000 shares of common stock for cash at $13 per share. Oct. 12 Sold 1,500 treasury shares at $15 per share. Nov. 21 Issued 5,000 shares of common stock at $14 per share. Dec. 28 Sold 1,200 treasury shares at $11 per share. 31 Closed net income of $91,000 to the Retained Earnings account. Required Prepare journal entries for the given transactions and post them to the T-accounts. Do not prepare the journal entry for the Dec. 31 transaction, but post the appropriate amount to the Retained Earnings T-account. Determine the ending balances for the stockholders’ equity accounts. Prepare the stockholders’ equity section of the balance sheet at December 31.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Quality Assignments
Coursework Helper
Academic Master
Top Class Engineers
Assignment Hub
Engineering Help
Writer Writer Name Offer Chat
Top Quality Assignments

ONLINE

Top Quality Assignments

I have read your project details. I can do this within your deadline.

$33 Chat With Writer
Coursework Helper

ONLINE

Coursework Helper

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$42 Chat With Writer
Academic Master

ONLINE

Academic Master

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$41 Chat With Writer
Top Class Engineers

ONLINE

Top Class Engineers

Give me a chance, i will do this with my best efforts

$21 Chat With Writer
Assignment Hub

ONLINE

Assignment Hub

Give me a chance, i will do this with my best efforts

$26 Chat With Writer
Engineering Help

ONLINE

Engineering Help

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$43 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Gate turnaround at southwest airlines - What is teaching period swinburne - We the people 12th edition - Fitrep bullets accomplishments examples - Quest on virgin media - What are the needs and wants of ancient communities - What is the value of x identify the missing justifications - Uncommon service the zappos case study - History exam - Finance assignment - Shark tank season 9 episode 12 - A ucla researcher claims that the life span - Pmol l to mmol l - Project Charter - Why does peeta volunteer for haymitch - On seeing england for the first time thesis - Gordon russell design museum - The retained earnings statement shows all of the following except - Presentation nike - Back lever muscles worked - Business Intellegence - Redox titration calculations questions - Penn state university scandal organizational behavior - Macro world society and culture - Discussion - APA Paper-Environmental Health and Health Effects-Nursing - Ecocomic Assessment - THE ECONOMIC ASSESSMENT OF THE COVID-19 PANDEMIC IN THE UNITED STATES - Of mice and men past questions - Energy released from food after it is eaten - 2 essay question, need it in one hour 800 words each - Apple compensation plan - Alpa master scab list pdf - Unit 6.2 NS Critical Analysis Essay - E-Commerce - Net fluid balance calculation - Www fru nt gov au - Walden nurs 6630 midterm exam - Usa patriot act powerpoint presentation - Homework - Old testament character sketch bibl 104 - Bussines - Top 10 Budget-Friendly Bikes of 2023 - Essay two to three pages - Summary - Week 6 individual - Dennis notices that jackets are on sale for $99. in this case money is functioning as a - Sociologic Sciences Interactive Case Study (Due 6 hours) - Cash receipt journal and cash payment journal - Gerrards cross bridge club - Helichrysum ruby cluster for sale - Unit II-III Assessment, Unit III Case Study - The new colossus poem meaning - Answer question with 500 words - Eaton mccb max zs - 6 types of business organizations - Richard dawkins books ranked - Vw das welt auto warranty - Resistors in series and parallel lab answers - Cambridge igcse english literature - Powerpoint - Assignment 1 - Similarities between phenomenological and ethnographic research - Three historical lenses - From the part 1 standardization data calculate the molarity - 139 morialta street mansfield - Quality Enhancement Plan (QEP) Evidence-Based Policing Project: Paper and Presentation - Select characteristics exhibited by exotoxins but not exhibited by endotoxins - Multiguard snail and slug killer review - Book Response - LIGHTING THE WAY AT THE MANOR HOUSE HOTEL - What does productive resources mean - I need 450 words on Ethical Fashion - The outsiders slang pdf - 177 r3a k1 f - University of toronto writing centre - Examples of boundary crossing in counseling - Document your focused assessment for skyler hansen - 11 7 challenge problem accounting - What is adaptive response in pathophysiology - HN522 Assignment 6 (POWERPOINT)!! - Karl david yeomans prize - Everyday use dee - Cineon converter premiere pro - The devil's arithmetic chapters 17 epilogue questions and answers - Moodle.cs.usask.ca - Oprah winfrey stanford commencement speech analysis - Adam and eve documentary - If he hollers let him go characters - Sunset road family doctors - Celtic word for thin place - Theory in practice the case of stan dvd download - Describe juliet's rapidly changing attitudes toward romeo in this scene - Central idea for a persuasive speech - Kickers size guide cm - Gibbs reflective essay on group work - Living faith tv bob smallwood - The other civil war howard zinn - A force-coercion strategy for change involves the use of - The Covid-19 Baby Bust - Performance manager 10 successfactors