E11-9 Prepare a stockholders’ equity section
The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Ryder Corporation at December 31, 2017.
Common Stock ($2 stated value) $1.600,000
Paid-in Capital in Excess of Par Value-Preferred Stock 45,000
Paid-in Capital in Excess of stated Value-Common Stock 1,050,000
Preferred Stock (8%, $100 Par, noncumulative)
600,000
Retained Earnings
1,334,000
Treasury Stock (12,000 common shares) 72,000
Instructions
Prepare the stockholders’ equity section of the balance sheet at December 31, 2017.
NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a “?” .
Stockholders’ equity
Paid-in capital
Capital stock
8% Preferred stock, $100 par value, noncumulative, Value
6,000 shares issued
Common stock, no par, $2 stated value, 800,000
shares issued, and 788,000 shares outstanding Value
Total capital stock ?
Additional paid-in capital
Paid-in capital in excess of par value-preferred stock Value
Paid-in capital in excess of par value– common stock Value
Total additional paid-in capital ?
Total paid-in capital ?
Retained earnings Value
Total paid-in capital and retained earnings ?
Less: Treasury stock (12,000 common shares) Value
Total stockholders’ equity ?
After you have completed E11-9, consider the additional question.
1. Assume that number of treasury stock changed to 15,000 shares. Show the impact
on the stockholders’ equity section of the balance sheet
RYDER CORPORATION
Partial Balance Sheet
December 31, 2017
E11-9 Solution
Stockholders’ equity
Paid-in capital
Capital stock
8% Preferred stock, $100 par value, noncumulative, $600,000
6,000 shares issued
RYDER CORPORATION
Partial Balance Sheet
December 31, 2017
E11-9 Solution to Additional Question
1. Assume that number of treasury stock changed to 15,000 shares. Show the impact
on the stockholders’ equity section of the balance sheet
Stockholders’ equity
Paid-in capital
Capital stock
RYDER CORPORATION
Partial Balance Sheet
December 31, 2017
P11-6A Prepare a stockholders’ equity section
On January 1, 2017, Kimbel, Inc. had these stockholders’ equity balances.
Common Stock, $1 par (2,000,000 shares authorized,
600,000 shares issued and outstanding) $600,000
Paid-in Capital in Excess of par value 1,500,000
Retained Earnings
700,000
Accumulated Other Comprehensive Income 60,000
During 2017, the following transactions and events occurred.
1. Issued 50,000 shares of $1 par value common stock for $3 per share.
2. Issued 60,000 shares of common stock for cash at $4 per share.
3. Purchased 20,000 shares of common stock for the treasury at $3.80 per share.
4. Declared and paid a cash dividend of $207,000.
5 Earned net income of $410,000.
6 Had other comprehensive income of $17,000.
Instructions
Prepare the stockholders’ equity section of the balance sheet at December 31, 2017.
NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a “?” .
Stockholders’ equity
Paid-in capital
Common stock, $1 par value, 2,000,000 shares authorized,
710,000 shares issued, and 690,000 shares outstanding Value
Additional paid-in capital
Paid-in capital in excess of par value- common stock Value
Total paid-in capital ?
Retained earnings Value
Total paid-in capital and retained earnings ?
Accumulated other comprehensive income
Value
Less: Treasury stock – common (20,000 shares) Value
Total stockholders’ equity ?
After you have completed P11-6A, consider this additional question.
1. Assume that the number of shares issued in (1) and (2) changed to
55,000 and 70,000 respectively. Show the impact of these changes on
the stockholders’ equity section of the balance sheet.
KIMBEL INC.
Partial Balance Sheet
December 31, 2017
P11-6A Solution
Stockholders’ equity
Paid-in capital
Common stock, $1 par value, 2,000,000 shares authorized,
710,000* shares issued, and 690,000 shares outstanding $710,000
KIMBEL INC.
Partial Balance Sheet
December 31, 2017
1. Assume that the number of shares issued in (1) and (2) changed to
55,000 and 70,000 respectively. Show the impact of these changes on
the stockholders’ equity section of the balance sheet.
Stockholders’ equity
Paid-in capital
Common stock, $1 par value, 2,000,000 shares authorized,
725,000* shares issued, and 690,000 shares outstanding $725,000
Additional paid-in capital
KIMBEL INC.
Partial Balance Sheet
December 31, 2014
P11-6B Prepare a stockholders’ equity section
On January 1, 2014, Ferris, Inc. had these stockholders’ equity balances.
Common Stock, $5 par (2,000,000 shares authorized,
600,000 shares issued and outstanding) $3,000,000
Paid-in Capital in Excess of par value 1,800,000
Retained Earnings
810,000
During 2014, the following transactions and events occurred.
1. Issued 75,000 shares of $5 par value common stock for $9 per share.
2. Issued 60,000 shares of common stock for cash at $9.50 per share.
3. Purchased 25,000 shares of common stock for the treasury at $10 per share.
4. Declared and paid a cash dividend of $284,000.
;5. Earned net income of $860,000.
Instructions
Prepare the stockholders’ equity section of the balance sheet at December 31, 2014.
NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a “?” .
Stockholders’ equity
Paid-in capital
Common stock, $5 par value, 2,000,000 shares authorized,
735,000 shares issued, and 710,000 shares outstanding
Value
Additional paid-in capital
Paid-in capital in excess of par value- common stock Value
Total paid-in capital ?
Retained earnings Value
Total paid-in capital and retained earnings ?
Less: Treasury stock – common (25,000 shares) Value
Total stockholders’ equity ?
After you have completed P11-6B, consider the additional question.
1. Assume that the number of treasury stock purchased increased to 30,000 shares and
dividends declared and paid also increased to $315,000. Show the impact of these
changes on the stockholders’ equity section of the balance sheet.
FERRIS INC.
Partial Balance Sheet
December 31, 2014
P11-6B Solution
Stockholders’ equity
Paid-in capital
Common stock, $5 par value, 2,000,000 shares authorized,
735,000* shares issued, and 710,000 shares outstanding $3,675,000
Additional paid-in capital
FERRIS INC.
Partial Balance Sheet
December 31, 2014
P11-6B Solution to additional question
1. Assume that the number of treasury stock purchased increased to 30,000 shares and
dividends declared and paid also increased to $315,000. Show the impact of these
changes on the stockholders’ equity section of the balance sheet.
Stockholders’ equity
Paid-in capital
Common stock, $5 par value, 2,000,000 shares authorized,
735,000* shares issued, and 705,000 shares outstanding $3,675,000
Additional paid-in capital
FERRIS INC.
Partial Balance Sheet
December 31, 2014