Help me please! erTest.aspx?testld-176221412¢erwin-yes; Acct2301.504-Spring,
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erTest.aspx?testld-176221412¢erwin-yes; Acct2301.504-Spring, 2018 Steven Kos &I; 4/24/18 3:10 PM Quiz: Post-Lecture Quiz Chapter 10 9.00 Submit Quiz This Q 4 pts This Quiz: 4 pts possible de 1. Complete the following tabulation to show what Amuzement Town, Inc should report for st equity at December 31. 2017 Journal entries are not required in milions to one decimal place. Enter the effect of each transaction on equity in each line of the table. If a box is not used in the table, leave the box empty, do not enter a zero, except in the total equity column If the total afind on equity is zero, enter use parentheses or a minus sign when entering numbers to be subtracted or when showing a debit balance) Additional Paid-in Retained Treasury Total Dec 31, 2016 S8.0+ S 110 S S 00560 Issuance of stock Stock drvidend Balance Dec 31, 2017 O Type here to search 310 P 4/24/2018Explanation / Answer
Solution:
Particulars Common Stock + Additional Paid in capital + Retained Earnings - Treasury Stock = Total Equity Balance Dec 31, 2016 $8.00 $11.00 $37.00 $0.00 $56.00 Issuance of stock $3.00 $24.00 $0.00 $0.00 $27.00 Stock Dividend $1.10 $14.30 -$15.40 $0.00 $0.00 Purchase of treasury stock $0.00 $0.00 $0.00 $21.00 -$21.00 Net Income $0.00 $0.00 $24.00 $0.00 $24.00 Cash dividends $0.00 $0.00 -$17.00 $0.00 -$17.00 Balance Dec 31, 2017 $12.10 $49.30 $28.60 $21.00 $69.00Related Questions
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