Top Posters
Since Sunday
18
13
r
6
6
u
5
V
4
b
4
r
4
o
4
d
4
n
4
l
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Fast2F Fast2F
wrote...
Go to Answer
Posts: 1470
Rep: 1 0
6 years ago
The Tiger Football Corporation has 9,000 shares of $1.50 par value common stock issued and outstanding. The board of directors declared a 3-for-1 stock split May 10, distributable on June 15, to stockholders of record on June 1. The Retained Earnings account balance is $50,000 on May 10. Prepare the equity section of the balance sheet on May 10 and June 15, before and after the stock split.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
Read 37 times
1 Reply
Replies
Answer verified by a subject expert
AugustisAugustis
wrote...
#1
Top Poster
Posts: 994
Rep: 15 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
The Tiger Football Corporation
   Partial Balance Sheet
   May 10, 20XX

Stockholders' Equity
Common Stock, $1.50 par value, 9,000 shares issued and outstanding   $13,500
Retained Earnings   50,000
Total Stockholders' Equity   $63,500


   The Tiger Football Corporation
   Partial Balance Sheet
   June 15, 20XX

Stockholders' Equity
Common Stock, $0.50 par value, 27,000 shares issued and outstanding   $13,500
Retained Earnings   50,000
Total Stockholders' Equity   $63,500
1

Related Topics

Fast2F Author
wrote...

6 years ago
Thanks
klyn
wrote...

Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
julymontalvo
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  291 People Browsing
 281 Signed Up Today
Start New Topic Take the Tour Study Tips Study ToolsNew Topics Trending Browse by Textbook
Related Images
  
 861
  
 180
  
 89
Your Opinion
Where do you get your textbooks?
Votes: 215
Previous poll results: What's your favorite math subject?