ACCT 504 help A Guide to career/ ACCT 504 help A Guide to career/ - Page 73

This Tutorial contains Excel Files which can be used to solve for any values (your Question may have different company name or values, but that can be solved using Excel file) E10-19A Army Navy Sporting Goods is authorized to issue 10,000 shares of common stock. During a two-month period, Army Navy completed these stock-issuance transactions: Apr 23 Issued 3,000 shares of $1.00 par common stock for cash of $13.00 per share. May 12 Received inventory with a market value of $20,000 and equipment with market value of $39,000 for 3,600 shares of the $1.00 par common stock.Requirements 1. Journalize the transactions. 2. Prepare the stockholders' equity section of Army Navy Sporting Goods' balance sheet for the transactions given in this exercise. Retained Earnings has a balance of $45,000. E10-25A (similar to) Question Help Ontario Manufacturing, Inc., reported the following at December 31, 2014 and December 31, 2015: Stockholders' Equity Preferred stock, cumulative, $1.00 par, 12%, 45,000 shares issued