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Student Name:
Class:
Date Account Debit Credit
46,200
11
46,189 <--Correct!
8,000 <--Correct!
Total
Total Total Stockholders'
Assets Liabilities Equity
+NE +
-NE -
(Reissue treasury stock above cost)
July 10, 2018
Cash
Additional Paid-in Capital
Requirement 1:
Problem 10-02
Common Stock
DONNIE HILFIGER
March 1, 2018
Cash
McGraw-Hill/Irwin
Instructor
(Issue common stock)
Requirement 2:
Issue common stock
Transaction
Purchase treasury stock
1.00$
March 1
1,100
42.00$
300$
40$
DONNIE HILFIGER
Given Data P10-02:
Par value of preferred stock
Beginning balances on January 1, 2018
2018 Transactions:
Issued common stock:
Shares issued
Price per share
Common stock
Additional Information:
Preferred stock
Student Name:
Class:
500$
51
131,989
Correct!
Additional Total
Preferred Common Paid-in Retained Treasury Stockholders'
Stock Stock Capital Earnings Stock Equity
300$ 40$ 76,000$ 30,500$ -$ 106,840$
11 46,189 46,200
Problem 10-05
McGraw-Hill/Irwin
Instructor
DONNIE HILFIGER
For the Year Ended December 31, 2018
Statement of Stockholders' Equity
DONNIE HILFIGER
December 31, 2018
(Stockholders' Equity Section)
Balance Sheet
Stockholders' Equity:
Requirement 1:
Preferred stock, $1 par value
Common Stock, $0.01 par value
Additional paid-in capital
Requirement 2:
Balance, January 1
Issued common stock
1.00$
300
March 1
1,100
October 15
200
45.00$
DONNIE HILFIGER
Given Data P10-05:
Par value of preferred stock
Outstanding preferred shares at 1/1/2018
2018 Transactions:
Issued common stock:
Shares issued
Additional Information:
Beginning balances on January 1, 2018
Price per share
Issued preferred stock:
Shares issued
Student Name:
Class:
Date Account Debit Credit
7,700,000
660,000
660,000 <--Correct!
Requirement 2:
600,000$
110,000
Preferred stock, $10 par value
Stockholders' Equity:
Common Stock, $1 par value
December 31, 2018
May 8, 2018
Treasury Stock
Cash
MAJOR LEAGUE APPAREL
Balance Sheet
(Stockholders' Equity Section)
Requirement 1:
(Purchase treasury stock)
McGraw-Hill/Irwin
Instructor
(Reissue treasury stock above cost)
Problem 10-06
MAJOR LEAGUE APPAREL
January 2, 2018
Cash
110,000
70.00$
60,000
MAJOR LEAGUE APPAREL
Given Data P10-06:
Stock authorized:
2018 Transactions:
January 2
Issued shares of common stock
Issue price per share
February 14
Issued shares of preferred stock
