Stock Issuance Transactions Assignment | Top Universities

Calle May Bakery, Inc reported a prior period adjustment in 2018 An accounting error caused net income of prior years to be overstated by $5,000 Retained Earnings at December 31, 2017, as previously reported, was 341,000 Net income for 2018 was $70.000, and dividends declared were $30,000 Prepare the company's statement of retained earnings for the year ended December 31, 2018, Enter any current period increases in retained earnings price to the subtotal and enter any current period decreases to retained earnings below the subtotal Callie May Bakery, Inc. Statement of Retained Earnings Year Ended December 31, 2018, Choose from any ist or enter any Sunle Systems completed the following stock issuance transactions Click the icon to view the transactions) Requirements

1. Journalize the transactions Explanations are not required. 2. How much paid-in capital did these transactions generate for Susie Systems? Requirement 1. Journalize the transactions Explanations are not required (Recond debits first then credits Exclala Canadians an email May 19 Issued 1,400 shares of $2 par value common stock for cash of $10 50 per share X More Info- Date Accounts Debit Credit May 19 Issued 1,400 shares of $2 par value common stock for cash of $10 50 per May 19 share Jun 3 Issued 500 shares of $7 no-par preferred stock for $25.000 cash 11 Received equipment with a market value of $70 000 in exchange for 9,000M Jun 3 Issued 500 shares of $7, no-par preferred stock for $25.000 cash shares of the 52 par value common stock Date Accounts Debit Credit Print Done Choose from any list or enter any number in the input fields and then continue to the next question Susle Systems completed the following stock issuance transactions (Click the icon to view the transactions) Requirements 1. Journalize the transactions Explanations are not required 2. How much paid-in capital did these transactions generate for Susie Systems? Jun 11: Received equipment with a market value of $70,000 in exchange for 9,000 shares of the $2 par value com i1 More Info Dater Accounts Debit Credit Jun 11 Issued 1.400 shares of $2 par value common stock for cash of $10.50 per May 19 share Jun 3 Issued 500 shares of 57, no-par preferred stock for $25.000 cash 11 Received equipment with a market value of $70 .000 in exchange for 9.000 shares of the $2 par value common stock Requirement 2. How much paid-in capital did these transactions generate for Susie Systems? Total paid-in capital generated from these transactions amounts to 5 Print Done Choose from any ist or enter any number in the input fields and then continue to the next question Click Photographic Supplies, Inc.'s accounting records include the following for 2018 (Click the icon to view the data) Prepare Cick's multi-step income statement for the year ending December 31, 2018, Omt earnings per share (Use parentheses or a minus sign for amounts decreasing the income from continuing operations Click Photographic Supplies, Inc X Data Table Income Statement Year Ended December 31, 2018, Income Tax Saving-Loss on 14 400 Net Sales 605.000 Discontinued Operations Operating Expenses 165.000 Loss on Discontinued Operations 36,000 (Including Income Tax) Cost of Goods Sold 270,000M Print Done Net Income. Get Accounting Homework Help Today.