Prepare the stockholders equity section of shark school

Reference no: EM13579954

Shark School Supply Corporation was organized in 2011. It was authorized to issue 200,000 shares of no-par common stock with a stated value of $5 per share, and 40,000 shares of $100 par value, 6 percent noncumulative preferred stock. On March1, the company issued 60,000 shares of its commo stock for $15 per share and 8,000 shares of its preferred stock for $100 per share.

1. Record the issuance of the stock in t-accounts

2. Prepare the stockholders' equity section of Shark School Supply Corporation's balance sheet as it would appear immediately after the company issued the common and preferred stock.

Reference no: EM13579954

Questions Cloud

Depreciation for the year was 83800 of which 74400 is : alam company is a manufacturing firm that uses job-order costing. at the beginning of the year the companys inventory

Black amp decker bampd manufactures a wide variety of tools : black amp decker bampd manufactures a wide variety of tools and accessories. one of its more popular items is a

On a period of three hours find the probability that more : on the average there are 5 messages sent per hour to a computer bulletin board. on a period of three hours find the

Heather company uses the weighted-average method in its : heather company uses the weighted-average method in its process-costing system. operating data for the first processing

Prepare the stockholders equity section of shark school : shark school supply corporation was organized in 2011. it was authorized to issue 200000 shares of no-par common stock

Given a level of confidence of 95 and a population standard : given a level of confidence of 95 and a population standard deviation of 9 answer the followinga what other information

Using the high-low method calculate the stores total fixed : sporting goods is a locally owned store that specializes in printing team jerseys. the majority of its business comes

Quantacc carries fixed assets at revalued amounts fixed : quantacc ltd. began operations on january 1 2011 and uses ifrs to prepare its consoliated financial statements.

Include the results of your power analysis in a word : consider your study terrorism ideology and perception of national security strategies by local police conduct a mock

User Account

All Pages