sol_ch.11_1

E11–1. Req. 1 a. Cas h ( 6,000 shares x $20 ) ( +A). ............................................ 120,000 Common stock (6,000 shares x $8) (+SE)......................... 48,000 Contr!"te# cata% n excess o& ar, common stock (+SE) '2,000 !. an# (600 shar es x $22) (+ A). ............................................... 1 ,200 Common stock (600 shares x $8) (+SE) ............................ 4,800 Contr!"te# cata% n excess o& ar, common stock (+SE) 8,400 *"rchase# %an# ! ss"n cata% stock- recor#e# at market a%"e o& the stock. c. Cash (2,000 shares x $2) (+A). ............................................ 46,000 Common stock (2,000 shares x $8) (+SE)......................... 16,000 Contr!"te# cata% n excess o& ar, common stock (+SE) 0,000 Req. 2 Stockho%#ers/ Eq"t Contr!"te# cata% Common stock, ar $8, a"thore# 12,000 shares, o"tstan#n 8,600 shares ...................................................................... $ 68,800 Contr!"te# cat a% n exce ss o& ar... ...................................................... 110,400 o ta% contr !"te # ca ta%............................................................................ 1'3,200 Ret a n e# e arn n s (# e& c t )... ........................................................................ (', 000 ) Stock ho%#ers/ eq" t.... ................................................................................. $1'2,200 Req. Samson has a neate !a%ance n retane# earnns, hch, n most cases, o"%# rec%"#e the ament o& ##en#s. E11–3. Stockho%#ers/ Eq"t Contr!"te# cata% *re&erre# stock, 65, ar $10, a"thore# 0,000 shares, ss"e# an# o"tstan#n, 1,000 shares ................................................ $1 0,000 Common stock, ar $1, a"thore# 200,000 shares, ss"e# an# o"tstan#n, 20,000 shares ................................................ 20,000 Contr !"te# ca ta% n excess o& a r, re &er re# stock............................... 22,000 Contr !"te# ca ta% n excess o& ar, common stock................................ 80,000 o ta% contr !"te# ca ta%..................................................................... $'' ,000 Reta ne# earn n s7 .......................................................................................... 0,000 o ta% sto ckho%#ers/ eq"t.......................................................................... $80 ,000 7($40,000 $10,000 9 $0,000.)

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Capital Lease

Transcript of sol_ch.11_1

7/21/2019 sol_ch.11_1

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E11–1.

Req. 1a. Cash (6,000 shares x $20) (+A)............................................. 120,000

Common stock (6,000 shares x $8) (+SE)......................... 48,000 Contr !"te# ca ta% n excess o& ar, common stock (+SE) '2,000

!. an# (600 shares x $22) (+A)................................................ 1 ,200 Common stock (600 shares x $8) (+SE)............................ 4,800 Contr !"te# ca ta% n excess o& ar, common stock (+SE) 8,400*"rchase# %an# ! ss" n ca ta% stock- recor#e# at market a%"e o& thestock.

c. Cash (2,000 shares x $2 ) (+A)............................................. 46,000 Common stock (2,000 shares x $8) (+SE)......................... 16,000

Contr !"te# ca ta% n excess o& ar, common stock (+SE) 0,000

Req. 2

Stockho%#ers/ Eq" t Contr !"te# ca ta% Common stock, ar $8, a"thor e# 12,000 shares,

o"tstan# n 8,600 shares ...................................................................... $ 68,800 Contr !"te# ca ta% n excess o& ar......................................................... 110,400

ota% contr !"te# ca ta%............................................................................ 1'3,200Reta ne# earn n s (#e& c t)........................................................................... (',000)

Stockho%#ers/ eq" t ..................................................................................... $1'2,200

Req.

Sam son has a ne at e !a%ance n reta ne# earn n s, h ch, n most cases, o"%#rec%"#e the a ment o& # #en#s.

E11–3.

Stockho%#ers/ Eq" tContr !"te# ca ta% *re&erre# stock, 65, ar $10, a"thor e# 0,000 shares,

ss"e# an# o"tstan# n , 1 ,000 shares ................................................ $1 0,000 Common stock, ar $1, a"thor e# 200,000 shares,

ss"e# an# o"tstan# n , 20,000 shares ................................................ 20,000 Contr !"te# ca ta% n excess o& ar, re&erre# stock............................... 22 ,000 Contr !"te# ca ta% n excess o& ar, common stock................................ 80,000 ota% contr !"te# ca ta%..................................................................... $'' ,000Reta ne# earn n s7.......................................................................................... 0,000 ota% stockho%#ers/ eq" t .......................................................................... $80 ,000

7($40,000 $10,000 9 $ 0,000.)

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*re&erre# stock

Cash 1 ,00072 $9 ' ,000$

Contr !"te# ca ta% n excess o& ar ' ,000:1 0,000922 ,000$

Common stock

Cash 400,000$ (40,000$ &rom each o& the 10 or an ers)

Contr !"te# ca ta% n excess o& ar 400,000:20,0009 80,000$

E11–5.

Req. 1a. Cash (12,000 shares7 x $1 ) (+A).......................................... 180,000

an# (4,000 shares x $1 ) (+A)............................................. 60,000 Common stock, no: ar (16,000 shares77) (+SE)................ 240,000;ss"e# 16,000 shares o& common stock, no: ar, toor an ers. Co%%ecte# cash an# rece e# %an#.

!. Cash (6,000 shares x $40) (+A)............................................. 240,000 Common stock, no: ar (6,000 shares x $40) (+SE)........... 240,000So%# 6,000 shares o& common stock, no: ar, at $40 er share.

c. Cash (8,000 shares x $20) (+A)............................................. 160,000 *re&erre# stock (8,000 shares x $10) (+SE)....................... 80,000 Contr !"te# ca ta% n excess o& ar, re&erre# (+SE)........ 80,000So%# 8,000 shares o& re&erre# stock at $20 er share.

74,000 shares x or an ers912,000

7716,000 x 1 $9240,000$