I am so confused as to why the answers are what they are in the retained earnings and paid in capital from treasury sections (answers highlighted in red are the ones i got wrong). Can someone please explain how to calculate the correct values for retained earnings and paid in capital to treasury to me which is the screen on the right.
Help me understand accounting homework
Brayden Edwards
Bentley Jones
I should also add the previous section of the problem.
Jason Sanchez
holy fuck you retard
you literally just posted the solution in the same image.
Andrew Cooper
no, i am comparing my answers to the provided answers, I want to know how to get those answers because I could not figure it out.
Mason Gutierrez
ur retarded ass only cares about getting the answer right if its available. I want to know how to do it so that I am able to understand the process.
Oliver Scott
$15 is the par value of the stock it purchased 3/1. You're now selling that stock off, but you sold it for $14 not the $15 par value. So you get the cash, but have to debit paid-in capital account (lowering it). Notice how on 7/1 you sold it for $17 and it was credited?
Angel Morgan
Also, retained earnings is the rollover from your income statement. RE and Equity aren't the same thing.
Ryan Collins
Oh, I see what's going on. It looks like it's treating it as some kind of distribution/dividend. Is that mentioned somewhere?
Ryan Carter
>debit credit homework
Tyler Nelson
nigga why you waitin till finals week to do your homework?