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Please explain how to calculate this to get an answer like the key above for number 113, 114, 115, 116, 117, 118, 119, 120, and 121

Chapter : CORPORATIONS: ORGANIZATION AND CAPITAL STOCK TRANSACTIONS

113. The Nice Corporation issues 10,000 shares of $100 par value preferred stock for cash at $110 per share. The entry to record the transaction will consist of a debit to Cash for $1,100,000 and a credit or credits to

114. Triad declared and paid a $25,000 cash dividend on December 15, 2008. If the companys dividends in arrears prior to that date were $6,000, Triads common stockholders received

115. Triads total paid-in capital was

116. Triads total stockholders equity was

117. Burgess Corporation began business by issuing 100,000 shares of $5 par value common stock for $24 per share. During its first year, the corporation sustained a net loss of $20,000. The year-end balance sheet would show

118. Starrs total paid-in capital was

119. Starrs total stockholders equity was

120. Adcock Corporation began business by issuing 150,000 shares of $5 par value common stock for $24 per share. During its first year, the corporation sustained a net loss of $30,000. The year-end balance sheet would show

121. The trial balance of Hackman Inc. includes the following balances: Common Stock, $39,000; Paid-in Capital in Excess of Par, $96,000; Treasury Stock, $9,000; Preferred Stock, $30,000. Capital stock totals

113 The Nice Corporation issues 10,000 shares of $100 par value preferred stock for cash at $110 per share. The entry to record the transaction will consist of a debit to Cash for $1,100,000 and a credit or credits to a. Preferred Stock for $1,100,000. b. Paid-in Capital from Preferred Stock for $1,100,000 c. Preferred Stock for $1,000,000 and Retained Earnings for $100,000 d. Preferred Stock for $1,000,000 and Paid-in Capital in Excess of Par Value-Preferred Stock for $100,000 Use the following information for questions 114-116 Triad Corporation's December 31, 2008 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 10,000 shares authorized: 5,000 shares issued $ 100,000 Common stock, $10 par value, 1,000,000 shares authorized; 650,000 shares issued, 640,000 shares outstanding 6,500,000 Paid-in capital in excess of par value preferred stock 20,000 Paid-in capital in excess of par value--common stock 9,000,000 Retained eamings 2,500,000 Treasury stock (10,000 shares) ( 210,000 114 Triad declared and paid a $25,000 cash dividend on December 15, 2008. If the company's dividends in arrears prior to that date were $6,000. Triad's common stockholders received a. $19,000. b. $9,000 c. $11,000 d. no dividend 115. Triad's total paid-in capital was a $15,620,000 b. $15,830,000 C. $15,410,000 d. $9,020,000 116 Triad's total stockholders' equity was a. $18,380,000 b. $15,620,000 c. $18,170,000 d. $17.910,000. 117. Burgess Corporation began business by issuing 100.000 shares of $5 par value common stock for $24 per share. During its first year, the corporation sustained a net loss of $20,000. The year-end balance sheet would show a. Common stock of $500,000 b. Common stock of $2,400,000 C. Total paid-in capital of $2,380.000, d. Total paid-in capital of $1,900,000 Use the following information for questions 118-119. Starr Corporation's December 31, 2008 Balance Sheet showed the following: , 8% preferred stock, $20 par value, cumulative, 20,000 shares authorized: 10,000 shares issued $ 200,000 Common stock, $10 par value. 2,000,000 shares authorized: 1,300,000 shares issued, 1,280,000 shares outstanding 13,000,000 Paid-in capital in excess of par value - preferred stock 40,000 Paid-in capital in excess of par value - common stock 18,000,000 Retained earnings 5,100,000 Treasury stock (10,000 shares) 420,000 118 Starr's total paid-in capital was a. $31,240,000 b. $31,660,000 c. $30,820.000 d. $18,040,000 119. Starr's total stockholders' equity was a. $36.760,000 b. $31.240.000 C. $36,340.000 d. $35.920,000 120. Adcock Corporation began business by issuing 150,000 shares of $5 par value common stock for $24 per share. During its first year, the corporation sustained a net loss of $30,000. The year-end balance sheet would show a. Common stock of $750,000. b. Common stock of $3,600,000 c. Total paid-in capital of $3,570,000. d. Total paid in capital of $2.850.000, 121 The trial balance of Hackman Inc. includes the following balances: Common Stock $39,000: Paid-in Capital in Excess of Par, $96,000; Treasury Stock. $9,000; Preferred Stock, $30,000. Capital stock totals a $69.000 b. $126,000 c. $165.000 d. $174,000

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