Acc200Day14 - Accy 200 Day 14 edit Master subtitle style...

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Click to edit Master subtitle style Accy 200 Day 14 Peter A. Silhan
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Agenda Chapter 8 Owners’ Equity Review Key Journal Entries (Ch6 & CH7) Q&A
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Click to edit Master subtitle style CHAPTER 8 Accounting for and Presentation of Owners’ Equity (OE)
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Balance Sheet Coverage Assets = Claims LTL OE LTA CA CL CL LTL OE LTA CA CH5: Current Assets CH6: Noncurrent Assets CH7: Liabilities CH8: Equity Day 14
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Owners’ Equity (Cr Normal, Claim) Retained Earnings Par or Stated Value Additional Paid-In Capital Par or Stated Value Additional Paid-In Capital Treasury Stock Less Total Owners’ Equity Paid-in Capital Preferred Stock Common Stock We will NOT be covering preferred stock transactions
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Owners’ Equity Section Paid-in capital Common stock $1 par, 100,000 shares issued and 95,000 outstanding 100,000 $ Additional paid-in capital 2,800,000 Total paid-in capital 2,900,000 Retained earnings 1,400,000 Total paid-in capital and retained earnings 4,300,000 Less: cost of treasury stock (5,000 shares) (150,000) Total owners' equity 4,150,000 $ Owners' Equity
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Common Stock (# Shares) Treasury Unissued Outstanding Authoriz ed Shares Issued shares that  are owned by  stockholders. Issued shares that  have been  reacquired. Issued shares include  outstanding and  treasury shares. NOTE: NEVE R , pay dividend s on treasury stock!!!
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Treasury Stock Matrix, Inc. repurchases 5,000 of its common shares  in the open market for $30 per share.
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