Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 03 Aug 2017 My Price 7.00

Balthus Corp

Balthus Corp. reports the following components of stockholders' equity on December 31, 2013: Common stock—$1 par value, 320,000 shares authorized, 200,000 shares issued and outstanding $ 200,000 Paid-in capital in excess of par value, common stock 1,400,000 Retained earnings 2,160,000 Total stockholders' equity $3,760,00 0 It completed the following transactions related to stockholders' equity in year 2014: Jan. 10 Purchased 40,000 shares of its own stock at $12 cash per share. Mar. 2 Directors declared a $1.50 per share cash dividend payable on March 31 to the March 15 stockholders of record. Mar. 3 1 Paid the dividend declared on March 2. Nov. 11 Sold 24,000 of its treasury shares at $13 cash per share. Nov. 2 5 Sold 16,000 of its treasury shares at $9.50 cash per share. Dec. 1 Directors declared a $2.50 per share cash dividend payable on January 2 to the December 10 stockholders of record. Dec. 3 1 Closed the $1,072,000 credit balance (from net income) in the Income Summary account to Retained Earnings.

*** Prepare journal entries to record each of these transactions for 2014

***Prepare a statement of retained earnings for the year ended dec 31, 2014

*****Prepare the stockholder' equity section of the company's balance sheet as of Dec 31, 2014

Answers

Maurice Tutor
(5)
Status NEW Posted 03 Aug 2017 10:08 PM My Price 7.00

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