Indicate the amount in the blank. No peso sign, no decimal and no comma (this will be automated). Example: 1000000 Ordinary Shares, P15, 20,000 shares authorized, 270,000.00 18,000 shares issued Subscriptions Receivable (collectible within one year) 17,000.00 Subscribed Ordinary Shares 27,000.00 Retained Earnings 200,000.00 Share Premium 95,000.00 Treasury Stock, 1,000 shares, at cost 25,000.00 Indicate the: How much is the Total authorized ordinary shares? Question 2 Using the above question, how much is the Total unissued ordinary shares Question 3 Using the above question, how much is the Total Issued Ordinary Shares

Indicate the amount in the blank. No peso sign, no decimal and no comma (this will be automated). Example: 1000000 Ordinary Shares, P15, 20,000 shares authorized, 270,000.00 18,000 shares issued Subscriptions Receivable (collectible within one year) 17,000.00 Subscribed Ordinary Shares 27,000.00 Retained Earnings 200,000.00 Share Premium 95,000.00 Treasury Stock, 1,000 shares, at cost 25,000.00 Indicate the: How much is the Total authorized ordinary shares? Question 2 Using the above question, how much is the Total unissued ordinary shares Question 3 Using the above question, how much is the Total Issued Ordinary Shares

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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R360 000 being the proceeds of issuing 600 000 Ordinary shares of 50 cents each, has been posted from the Cash Book to the credit of the Share Capital account. How should this error be corrected? Dr Share Capital account R300 000, Cr Share Premium account R360 000 or Dr Cash account R360 000, Cr Share Capital account R300 000 and Cr Share premium R60 000 or Dr Suspense account R360 000 Cr Share Capital a/c R300 000 and Cr Share Premium R60 000 or Dr Share Capital account R60 000, Cr Share Premium R60 000
CP11-2 (Static) Finding Financial Information LO11-1, LO11-3, LO11-4, LO11-7 Refer to the financial statements and footnotes of Express given in Appendix C. Required: 1. At the end of the most recent fiscal year, how many shares of common stock are authorized? How many shares are issued? How many shares are outstanding? (Enter your answer in thousands not in whole dollars.) 2. Did the company pay dividends during the most recent fiscal year? If so, how much per share? (Round your answer to 2 decimal places.) 3. Does the company report treasury stock at the end of the most recent fiscal year? If so, what dollar amount does it report? (Enter your answer in thousands not in whole dollars.) 4. Did the company repurchase any shares of its common stock for tax withholding obligations during the most recent fiscal year? (Enter your answer in thousands not in whole dollars.) 5. What is the par value of Express’s common stock? (Round your answer to 2 decimal places.) 1 Authorized common…
The correct Journal entry needed to record the issue of 200,000 $1 shares at a premium of 30p, and paidfor by cheque, in full, would beA DEBIT share capital account $200,000CREDIT share premium account $60,000CREDIT bank account $140,000B DEBIT bank account $260,000CREDIT share capital account $200,000CREDIT share premium account $60,000C DEBIT share capital account $200,000CREDIT share premium account $60,000CREDIT bank account $260,000D DEBIT bank account $200,000DEBIT share premium account $60,000CREDIT share capital account $260,000
Could you please complete the blanks? According to the information above G (* PA11-3 (Static) Finding Missing Amounts [LO 11-2, LO 11-3, LO 11-5] At December 31, the records of Kozmetsky Corporation provided the following selected and incomplete data: Common stock (par $2; no changes during the current year). Shares authorized, 5,000,000. Shares issued, 2; issue price $8 per share. Shares held as treasury stock, 10,000 shares, cost $6 per share. Net income for the current year, $481,000. Common Stock account, $150,000. Dividends declared and paid during the current year, $2 per share. Retained Earnings balance, beginning of year, $800,000. Required: Complete the following: (Round "Earnings per share" to 2 decimal places.) 1-a. Shares issued 1-b. Shares outstanding 2. The balance in Additional Paid-in Capital would be 3. Earnings per share is 4. Total dividends paid on common stock during the current year is 5. Treasury stock should be reported in the stockholders equity section of the…
You are given the following information: ordinary shares, P80,000 (P80par); Share Premium-Ordinary, 200,000; and Retained Earnings, P400,000.Assuming only one class of share, the book value per share is? a.P280 b. P680 c. P80 d. P400
2-Olaf Inc. received a check from its underwriters for $83 million. This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $83 per share. Which is the correct entry to record the issue of the stock? O dr. Cash $83,000,000; cr. Common stock $83,000,000. O. © dr. Cash $83,000,000; cr. Deferred stock issue revenue $38,000,000; cr. Common stock $5,000,000; cr. Paid-in capital-excess of par $40,000,000. O None of the options listed. O. © dr. Cash $83,000,000; cr. Common stock $5,000,000; cr. Paid-in capital-excess of par $78,000,000. O. © dr. Cash $83,000,000; cr. Stock issue expense $38,000,000; cr. Stock contract receivable $45,000,000.
The balance sheet caption for common stock is the following: Common stock, $2 par value, 2,070,000 shares authorized, 1,310, 000 shares issued, 1,050,000 shares outstanding $? Required: a. Calculate the dollar amount that will be presented opposite this caption. b. Calculate the total amount of a cash dividend of $0.27 per share. c. What accounts for the difference between issued shares and outstanding shares? a. Amount b. Cash dividend c. Difference between issued shares and outstanding shares
A corporation issues 1,500 shares of common stock for $32,000. The stock has a par value of $10 per share. The journal entry to record the stock issuance would include a credit (increase) to Common Stock for: Oa. $15,000 Ob. $32,000 Oc. $17,000 Od. $2,000 A Moving to the next question prevents changes to this answer, Question 3 of 10 & @ # $ de 6. 7 8 2 3 4 } P Y U E R %3D G H J K S D F V V B ミ

The following data is available for Crane Corporation at December 31, 2025: Common stock, par $10 (authorized 31500 shares) $283500 Treasury stock (at cost $15 per share) $1080 Based on the data, how many shares of common stock are issued? O 28278. O 31428. O 31500. O 28350.
Prepare entries to record the following: a. Issued 1,000 shares of $10 par common stock at $56. If an amount box does not require an entry, leave it blank. fill in the blank 521a3d0cc058fad_2 fill in the blank 521a3d0cc058fad_3 fill in the blank 521a3d0cc058fad_5 fill in the blank 521a3d0cc058fad_6 fill in the blank 521a3d0cc058fad_8 fill in the blank 521a3d0cc058fad_9 b. Issued 1,400 shares of $10 par common stock in exchange for equipment with a fair market price of $21,000. If an amount box does not require an entry, leave it blank. fill in the blank 3d721bfa9030007_2 fill in the blank 3d721bfa9030007_3 fill in the blank 3d721bfa9030007_5 fill in the blank 3d721bfa9030007_6 fill in the blank 3d721bfa9030007_8 fill in the blank 3d721bfa9030007_9 c. Purchased 100 shares of treasury stock at $25. If an amount box does not require an entry, leave it blank. fill in the blank b4d176082050040_2 fill in the…
E11.3 (LO 2), AP During its first year of operations, Mona Corporation had these transactions pertaining to its common stock. Issued 30,000 shares for cash at $5 per share. Issued 60,000 shares for cash at $7 per share. Jan. 10 July 1 Instructions a. Journalize the transactions, assuming that the common stock has a par value of $5 per share. b. Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share. Journalize issuance of common stock.
Accounting Instructions: Complete the journal entries for the following events. Enter numbers without any format (e.g., 62500; 1800). 1. Issued 7,000 shares of no-par common stock. The market price of the stock is $12 per shar Account Debit Credit Cash Common Stock 2. Issued 3,000 shares of 5%, $100 par, cumulative preferred stock for $122 per share. Account Debit Credit Cash Preferred Stock (PS) Paid-in-Capital in Excess of Par PS 3. Declared dividends on preferred dividend of 5% per share. Account Debit Cash Dividends Dividends Payable 4. Purchased 500 shares of common stock at $14 for treasury. Account Debit Treasury Stock Cash 5. Paid preferred dividend declared in #3. Account Dividends Payable Cash 1. 2. 3. 4. 5. Debit Credit Credit Credit