Squash Delight Inc. has the following balance sheet: cash $45,00 Account receivable $295,000. fix assets 772,000....

Squash Delight Inc. has the following balance sheet:
cash $45,00 Account receivable $295,000. fix assets 772,000. total $1,112 000

Liabilities
Account payable $296 000, Note payable 54 000, Common stock (100,000 share, @$2 par) 200 000. Capital in excess of par 100,000, Retained earnings 462 000. Total liabilities & owner's equity $1,112,000. The Firm's stock sells for $14 a share.

a. show the effect on the capital account of a two-for-one stock split.

b. show the effect on the capital account of a 10 percent stock dividend. Do not assume the stock split had taken place. it is separate fro. part a.

Expert Solution

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

jeff jeffy answered 1 year ago

Squash Delight Inc. has the following balance sheet: Assets Cash $ 60,000 ' Accounts receivable 287,000...

Squash Delight Inc. has the following balance sheet: Assets Cash $ 60,000 ' Accounts receivable 287,000 Fixed assets 775,000 Total assets $ 1,122,000 Liabilities Accounts payable $ 275,000 Notes payable 53,000 Common stock (120,000 shares @ $2 par) 240,000 Capital in excess of par 100,000 Retained earnings 454,000 Total liabilities & owners' equity $ 1,122,000 The firm’s stock sells for $10 a share. a. Show the effect on the capital accounts of a two-for-one stock split. (Do not round intermediate...

Squash Delight Inc. has the following balance sheet: Assets Cash $ 30,000 Accounts receivable 350,000 Fixed...

Squash Delight Inc. has the following balance sheet: Assets Cash $ 30,000 Accounts receivable 350,000 Fixed assets 980,000 Total assets $ 1,360,000 Liabilities Accounts payable $ 295,000 Notes payable 55,000 Common stock (100,000 shares @ $4 par) 400,000 Capital in excess of par 100,000 Retained earnings 510,000 Total liabilities & owners' equity $ 1,360,000 The firm’s stock sells for $12 a share. a. Show the effect on the capital accounts of a two-for-one stock split. (Do not round intermediate calculations...

Squash Delight Inc. has the following balance sheet: Assets Cash $ 30,000 Accounts receivable 317,000 Fixed...

Squash Delight Inc. has the following balance sheet: Assets Cash $ 30,000 Accounts receivable 317,000 Fixed assets 862,000 Total assets $ 1,209,000 Liabilities Accounts payable $ 262,000 Notes payable 56,000 Common stock (130,000 shares @ $2 par) 260,000 Capital in excess of par 100,000 Retained earnings 531,000 Total liabilities & owners' equity $ 1,209,000 The firm’s stock sells for $12 a share. a. Show the effect on the capital accounts of a two-for-one stock split. (Do not round intermediate calculations...

Squash Delight Inc. has the following balance sheet: Assets Cash $ 55,000 Accounts receivable 275,000 Fixed...

Squash Delight Inc. has the following balance sheet: Assets Cash $ 55,000 Accounts receivable 275,000 Fixed assets 870,000 Total assets $ 1,200,000 Liabilities Accounts payable $ 250,000 Notes payable 58,000 Common stock (100,000 shares @ $2 par) 200,000 Capital in excess of par 100,000 Retained earnings 592,000 Total liabilities & owners' equity $ 1,200,000 The firm’s stock sells for $12 a share. a. Show the effect on the capital accounts of a two-for-one stock split. (Do not round intermediate calculations...

Squash Delight Inc. has the following balance sheet: Assets Cash $ 90,000 Accounts receivable 307,000 Fixed...

Squash Delight Inc. has the following balance sheet: Assets Cash $ 90,000 Accounts receivable 307,000 Fixed assets 782,000 Total assets $ 1,179,000 Liabilities Accounts payable $ 284,000 Notes payable 51,000 Common stock (100,000 shares @ $4 par) 400,000 Capital in excess of par 100,000 Retained earnings 344,000 Total liabilities & owners' equity $ 1,179,000 The firm’s stock sells for $10 a share. a. Show the effect on the capital accounts of a two-for-one stock split. (Do not round intermediate calculations...

US Corporation Balance sheet 2015 (In Millions) Assets Cuurrent Assets Cash $ 104 Account Receivable...

US Corporation Balance sheet 2015 (In Millions) Assets Cuurrent Assets Cash $ 104 Account Receivable $455 inventory $ 553 total assets $ $1,112 Fixed Assets Net Plant and Equipment $ 1,644 Liabilities and Capital current liabilities $232 account payable $ 196 total liabilities $ 428 Long Term Debt $408 Ownership equity common stock $600 retained earnings $1,320 Total Liabilities and Capital $2756 US Corporation Income Statement 2015 (In millions) Net Sales $ 1500 Cost of Goods...

SMC, Inc. Balance Sheet December 31, 2017 Assets Cash ......................................................................................................... $34,500 Accounts receivable ...................................................................

SMC, Inc. Balance Sheet December 31, 2017 Assets Cash ......................................................................................................... $34,500 Accounts receivable ................................................................................ 25,000 Inventory .................................................................................................. 10,000 Supplies ................................................................................................... 200 Total assets.............................................................................................. $69,700 Liabilities and Stockholders’ Equity Liabilities: Accounts payable ............................................................................. $12,000 Salaries payable ............................................................................... 1,000 Income taxes payable ...................................................................... 3,675 Total liabilities.......................................................................................... $16,675 Stockholders’ equity: Capital stock (10,000 shares outstanding).................................... $25,000 Retained earnings ............................................................................ 28,025 Total stockholders’ equity ....................................................................... 53,025 Total liabilities and stockholders’ equity................................................ $69,700 SMC, Inc. Income Statement For the Year Ended December31,2017 Sales revenue .............................................................................................

Illini Company, Inc. Balance Sheet as of 12/31/20X0 Assets Current Assets: Cash $1,500,000 Accounts receivable, net...

Illini Company, Inc. Balance Sheet as of 12/31/20X0 Assets Current Assets: Cash $1,500,000 Accounts receivable, net 18,000 Inventory 50,000 Total current assets 1,568,000 Equipment 90,000 Goodwill 20,000 Total assets $1,678,000 Liabilities and shareholders' equity Shareholders' equity: Common stock, 20,000 shares outstanding, $1 par $20,000 Additional paid-in capital 280,000 Retained earnings 1,378,000 Total shareholders' equity 1,678,000 Total liabilities and shareholders' equity $1,678,000 Note that all additional paid-in capital (APIC) sub accounts (e.g., APIC-options...

Complete the following Balance Sheet ASSETS Current Assets Cash

Complete the following Balance Sheet ASSETS Current Assets Cash $ 250,000 Accounts Receivable ($_________ less allowance for Doubtful Accounts) $1,320,000 Inventory $1,410,000 Total Current Assets $_________ Land $_________ Plant & Equipment ($2,800,000 less Accumulated Depreciation ________) $2,110,000 TOTAL ASSETS $5,390,000 LIABILITIES AND STOCKHOLDERS EQUITY Current Liabilities Accounts Payable $ 620,000 Notes Payable to banks $ 130,000 Accrued Wages $________ Total...

The Balance Sheet of the Illini as of 12/31/20X0: Assets Current Assets: Cash 1,500,000 Accounts receivable,...

The Balance Sheet of the Illini as of 12/31/20X0: Assets Current Assets: Cash 1,500,000 Accounts receivable, net 18,000 Inventory 50,000 Total current assets 1,568,000 Equipment 90,000 Goodwill 20,000 Total assets $1,678,000 Liabilities and shareholders' equity Shareholders' equity: Common stock, 20,000 shares outstanding, $1 par 20,000 Additional paid-in capital 280,000 Retained earnings 1,378,000 Total shareholders' equity 1,678,000 Total liabilities and shareholders' equity 1,678,000 Note that all additional paid-in capital (APIC) sub accounts (e.g., APIC-options and APIC-treasury stock), if any, are tracked...

Question