ACCTMIS 2200 Lecture 14: 14. Equity Financing Lab

• School: Ohio State University
• Department: Accounting and Management Info
• Course: ACCTMIS 2200
• Professor: Marc Smith

Document Summary

Contributed capital - from owner, through stock purchase. Retained earnings - net income not paid out through dividends. Treasury stock - issued stock reacquired by company, contra equity. Cash (31,000*10%*20) + (76,000 * 2. 20) = 229,200. Zz, inc. reported the following amounts in the stockholder"s equity section of its december 31, Preferred stock, 10%, par, 100,000 shares authorized, During 2015, the company entered into the following transactions: January 18: reacquired 14,000 shares of common stock for per share. March 19: issued 6,000 shares of preferred stock for per share and issued 2,500 shares of common stock for per share. (note: the 2,500 shares of common stock issued were from un-issued shares. They were not part of the 14,000 shares reacquired on. June 4: re-issued 3,000 treasury shares for per share. September 3: re-issued 2,000 treasury shares for per share. October 17: re-issued 2,500 treasury shares for per share.