ACCT 201 1st Edition Lecture 28Outline of Last Lecture I. Taxes on the Balance SheetOutline of Current LectureII. Par Value StocksIII. Reporting and Analyzing Stockholders’ EquityCurrent LecturePAR ValueA = L + SE-Cash +Common Stock-or-+Cash +Common Stock (PAR)+Additional Paid-in (Everything about PAR)Company sold 100 shares of common stock with $1 PAR for $5/ eachA = L + SE+500 Cash +100 Common Stock(100 x 5) +400 Add. Paid-in+Pref. Stock (PAR for pref.)+Add. Paid-inEntries for cash dividends1. Date of Declaration*A = L + SE+Div. Pay. -Dividend2. Date of Recordinternal documentation only (NO ACCT ENTRY)Summarizes who are all of the owners and how many shares do they own3. Date of PaymentA = L + SE-Cash -Div. Pay.Different types of Stock--Authorized amount of stock that a company is authorized to sell-Issued sold to the market (can’t become unissued)These notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.-Outstanding only trait that can come and go, dividends are only paid to outstandingstocks-Treasury Stock company buys back stock (retire)^^Contra equity
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