Power Delve Corporation designs and produces a line of golf equipment and golf apparel Power...

80.2K

Verified Solution

Question

Accounting

image
Power Delve Corporation designs and produces a line of golf equipment and golf apparel Power Delive has 100,000 shares of common stock outstanding as of the beginning of 2021 Power Drive has the following transactions affecting stockholders equity in 2021 Harch 1 sss 47.600 tl shares of value como stock for per share Hay 10 Purchases 4.200 shares of the sto for 547 per share June 1 Declares cash did of 31 per share to all thods of recorde 3. Ovde moto treasury stock uly trays the cash dividered on Tue 1 October Resells 2.00 whares of the stock purchased on May 10 for 153 per share Power Drive Corporation has the following beginning balances to its stockholders equity accounts on January 2021 Common Stock $100.000 Additional Paidin Capital 53.700.000 and Retained Earnings $1200.000 Net Income for the year ended December 31 2021, ss 5520,000 Required: Prepare the statement of stockholders equity for Power Drive Corporation for the year ended December 2021 (Amounts to be deducted should be indicated by a minus sign) POWIUVE CORPORATION Additional pa S 100 000 $ 3.700.000 2.021.000 47 000 Balance, Juary sus convick Pacha trasury Mock Dede vidos Reasy stock Net income Balance December 31 Toat Retained TM Shams Equity 1.200 000 5 $ 5.000.000 2.068.000 191.00 1940 157000 1578 900 500 5 147 000 5.727.300 1.357 80 100.1005 7.591600

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students