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Student Name:
Class:
Date Account Debit Credit
46,200
11
46,189 <--Correct!
9,000
200
8,800 <--Correct!
Total
Total Total Stockholders'
Assets Liabilities Equity
+NE +
Issue common stock
Transaction
(Issue preferred stock)
Requirement 2:
Additional Paid-in Capital
McGraw-Hill/Irwin
Instructor
October 15, 2021
Additional Paid-in Capital
Requirement 1:
Problem 10-02
Common Stock
DONNIE HILFIGER
March 1, 2021
Cash
Preferred Stock
Cash
1.00$
300
March 1
1,100
42.00$
May 15
300$
Additional Information:
Preferred stock
Beginning balances on January 1, 2021
2021 Transactions:
Issued common stock:
Shares issued
Price per share
Repurchase treasure stock:
DONNIE HILFIGER
Given Data P10-02:
Par value of preferred stock
Outstanding preferred shares at 1/1/2021
Student Name:
Class:
Correct!
Additional Total
Preferred Common Paid-in Retained Treasury Stockholders'
Stock Stock Capital Earnings Stock Equity
300$ 40$ 76,000$ 30,500$ -$ 106,840$
Balance, January 1
Requirement 2:
Problem 10-05
McGraw-Hill/Irwin
Instructor
DONNIE HILFIGER
For the Year Ended December 31, 2021
Statement of Stockholders' Equity
DONNIE HILFIGER
December 31, 2021
(Stockholders' Equity Section)
Balance Sheet
Stockholders' Equity:
Requirement 1:
1.00$
March 1
1,100
42.00$
May 15
300$
Issued common stock:
Shares issued
Additional Information:
Preferred stock
Beginning balances on January 1, 2021
Price per share
Repurchase treasure stock:
2021 Transactions:
DONNIE HILFIGER
Given Data P10-05:
Par value of preferred stock
Student Name:
Class:
Date Account Debit Credit
7,700,000
110,000
7,590,000 <--Correct!
357,500
330,000
27,500 <--Correct!
Requirement 2:
600,000$
Instructor
(Resell treasury stock above cost)
Problem 10-06
MAJOR LEAGUE APPAREL
January 2, 2021
Cash
Common Stock
Additional Paid-in Capital
McGraw-Hill/Irwin
(Issue common stock above par)
Requirement 1:
MAJOR LEAGUE APPAREL
Balance Sheet
(Stockholders' Equity Section)
Additional Paid-in Capital
December 31, 2021
May 31, 2021
Cash
Treasury Stock
Preferred stock, $10 par value
Stockholders' Equity:
110,000
70.00$
Issue price per share
February 14
Common stock, $1 par
2021 Transactions:
January 2
Issued shares of common stock
MAJOR LEAGUE APPAREL
Given Data P10-06:
Stock authorized:
Preferred stock, 6%, $10 par
