In excess of parpreferred 80000 In excess of parcommon 120000 200000 Total paid

In excess of parpreferred 80000 in excess of

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In excess of par—preferred ............................. $ 80,000 In excess of par—common .............................. 120,000 200,000 Total paid-in capital .................................. 800,000 Retained earnings 133,300 * Total stockholders’ equity ....................... $933,300 *($175,700 – $5,400 – $37,000)
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PROBLEM 15-2 February 1 (a)Treasury Stock ($19 X 2,000)....................................38,000Cash................................................38,000March 1Cash ($17 X 800)........................................................13,600Retained Earnings ($2 X 800)...................................1,600Treasury Stock ($19 X 800)...........15,200March 18Cash ($14 X 500)........................................................7,000Retained Earnings ($5 X 500)...................................2,500Treasury Stock ($19 X 500)...........9,500April 22Cash ($20 X 600)........................................................12,000Treasury Stock ($19 X 600)...........11,400Paid-in Capital from TreasuryStock...........................................600(b)CLEMSON COMPANYStockholders’ EquityApril 30, 2017Common stock, $5 par value, 20,000 sharesissued, 19,900 shares outstanding.....................$100,000Paid-in capital in excess of par—common stock......................................................300,000Paid-in capital from treasury stock.........................600Total paid-in capital.......................................$400,600Retained earnings*...................................................445,900846,500Less: Treasury stock (100 shares)**......................1,900Total stockholders’ equity............................$844,600*Retained earnings (beginning balance)................$320,000March 1 reissuance.................................................(1,600)March 18 reissuance...............................................(2,500)Net income for period..............................................130,000Retained earnings (ending balance)......................$445,900
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PROBLEM 15-2 (Continued) **Treasury stock (beginning balance) ..................... $ 0 February 1 purchase (2,000 shares) .................... 38,000 March 1 sale (800 shares) ..................................... (15,200) March 18 sale (500 shares) ................................... (9,500) April 12 sale (600 shares) ...................................... (11,400 ) Treasury stock (ending balance) .......................... $ 1,900
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PROBLEM 15-3HATCH COMPANYStockholders’ EquityDecember 31, 2018Capital StockPreferred stock, $20 par, 8%, 180,000 shares issued and outstanding.........................................$ 3,600,000Common stock, $2.50 par, 4,100,000 shares issued, 4,080,000 shares outstanding..................10,250,000Total capital stock.................................$13,850,000Additional paid-in capitalIn excess of par—preferred.........................$ 260,000In excess of par—common..........................27,750,000From treasury stock.....................................10,00028,020,000Total paid-in capital..............................41,870,000Retained earnings................................................4,272,000Total paid-in capital and retained earnings.......46,142,000Less: Treasury stock(20,000 shares common)..........................200,000Total stockholders’ equity....................$45,942,000Supporting balances are indicated in the following T-Accounts.Preferred StockBal.3,000,0001.600,0003,600,000Paid-in Capital in Excess of Par—Common StockBal.27,000,0004.750,00027,750,000
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PROBLEM 15-3 (Continued) Common Stock Bal. 10,000,000 3. 250,000 10,250,000 Retained Earnings Bal. 4,500,000 8. 288,000 10. 2,100,000 9. 2,040,000 4,272,000 Paid-in Capital in Excess of Par— Preferred Stock Bal. 200,000 2. 60,000 260,000 Treasury Stock 5. 300,000 6. 100,000 200,000 Paid-in Capital from Treasury Stock 7. 10,000 10,000 1. Jan. 1 30,000 X $20 2. Jan. 1 30,000 X $2 3. Feb. 1 50,000 X $5 4. Feb. 1 50,000 X $15 5. July 1 30,000 X $10 6. Sept. 15 10,000 X $10 7. Sept. 15 10,000 X $1 8. Dec. 31 3,600,000 X 8% 9. Dec. 31 4,080,000* X 50¢ *[(2,000,000 + 50,000) X 2] – 30,000 + 10,000 10. Dec. 31 Net income
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