On   January   1,   2017,   Lightstar   Corporation   ...

This preview shows page 1 out of 1 page.

Acct   1B Project   1 Fall   2017 Due   on   Thursday,   November   2nd   at   8:30am. On   January   1,   2017,   Lightstar   Corporation   had   the   following   information regarding   its   stockholders'   equity: 5%,   $80   par,   cumulative   Preferred   Stock,   640,000   shares   authorized Paid in   Capital   in   Excess   of   Par  ‐  Preferred   Stock Common   Stock,   $9   par,   5,000,000   shares   authorized,   2,520,000       2,380,000   shares   outstanding Paid in   Capital   in   Excess   of   Par  ‐  Common   Stock Paid in   Capital   from   Treasury   Stock   Transactions Treasury   Stock   (held   at   cost) 6,950,000 Retained   Earnings 52,600,000 The   following   transactions   affecting   stockholders'   equity   took   place 2/4/2017 Issued   220,000   shares   of   common   stock   for 3/17/2017 Issued   60,000   shares   of   preferred   stock   for 4/24/2017 Declared   a   cash   dividend   to   shareholders   of   record   on   May   May   31,   2017.    The     available 42,860,000 $   5,270,000       shares   issued, ? 81,030,000    640,000                     during   2017:   $61/share.   $83/share. 15,   2017   payable   on

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture