Homework Answers
| Debit | Credit | |||
| June 15 | Cash Dividends | 120000 | =(97500+22500)*1 | |
| Dividends Payable | 120000 | |||
| July 10 | Dividends Payable | 120000 | ||
| Cash | 120000 | |||
| Dec 15 | Cash Dividends | 595350 | =(97500+22500+1500)*4.90 | |
| Dividends Payable | 595350 |
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Exercise 11-13 On January 1, Guillen Corporation had 97,500 shares of no-par common stock issued and...
Exercise 11-13 On January 1, Cheyenne Corp. had 97,500 shares of no-par common stock issued and...
Exercise 11-13 On January 1, Cheyenne Corp. had 97,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the year, the following occurred. Apr. 1 Issued 29,500 additional shares of common stock for $18 per share. June 15 Declared a cash dividend of $2 per share to stockholders of record on June 30. July 10 Paid the $2 cash dividend. Dec. 1 Issued 3,000 additional shares of common stock for...
On January 1, Oriole Corporation had 97,500 shares of no-par common stock issued and outstanding. The...
On January 1, Oriole Corporation had 97,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the year, the following occurred. Apr. 1 Issued 29,500 additional shares of common stock for $19 per share. June 15 Declared a cash dividend of $3 per share to stockholders of record on June 30. July 10 Paid the $3 cash dividend. Dec. 1 Issued 1,000 additional shares of common stock for $18 per...
Exercise 11-13 On January 1, Pina Colada Corp. had 94,000 shares of no-par common stock issued...
Exercise 11-13 On January 1, Pina Colada Corp. had 94,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $7 per share. During the year, the following occurred. Apr. Issued 23,000 additional shares of common stock for $19 per share. June 15 Declared a cash dividend of $2 per share to stockholders of record on June 30. July 10 Paid the $2 cash dividend Dec.1 Issued 1,000 additional shares of common stock for $19...
E14-1 On January 1, Guillen Corporation had 95,000 shares of no-par common stock issued and outstanding....
E14-1 On January 1, Guillen Corporation had 95,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred. Apr. 1 Issued 25,000 additional shares of common stock for $17 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 Paid the $1 cash dividend. Dec. 1 Issued 2,000 additional shares of common stock for $19...
Exercise 11-13 On January 1, Skysong, Inc. had 90,500 shares of no-par common stock issued and outstanding. The sto...
Exercise 11-13 On January 1, Skysong, Inc. had 90,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred. Apr. June 15 July 10 Dec. 1 15 Issued 21,000 additional shares of common stock for $19 per share. Declared a cash dividend of $1 per share to stockholders of record on June 30. Paid the $1 cash dividend. Issued 2,500 additional shares of common stock for...
Exercise 11-09 a On January 1, Culver Corporation had 62,800 shares of no-par common stock issued...
Exercise 11-09 a On January 1, Culver Corporation had 62,800 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 Issued 17,550 additional shares of common stock for $11 per share. June 15 Declared a cash dividend of $1.60 per share to stockholders of record on June 30. July 10 Paid the $1.60 cash dividend. Dec. 1 Issued 7,800 additional shares of common...
Exercise 14-01 b (Essay) On January 1, Guillen Corporation had 95,000 shares of no-par common stock...
Exercise 14-01 b (Essay) On January 1, Guillen Corporation had 95,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per shere. During the year, the following occurred. Apr. 1 Issued 25.000 additional shares of common stock for $17 per share, June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 Paid the $1 cash dividend. Dec. 1 issued 2,000 additional shares of common...
On January 1, Cullumber Corporation had 93.000 shares of no-par common stock ed and outstanding. The...
On January 1, Cullumber Corporation had 93.000 shares of no-par common stock ed and outstanding. The stock has a stated value of 57 per share. During the year, the following curred Apr. 1 June 15 July 10 Dec. 1 15 ssued 20.500 tona shares of common stock for 18 per share Declared a cash dividend of 52 per share to stockholders of record on June 30. Paid the 52 cash dividend. Issued 2,000 additional shares of common stock for $10...
On January 1, Ayayai Corp. had 61,000 shares of no-par common stock issued and outstanding. The...
On January 1, Ayayai Corp. had 61,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 Issued 9,450 additional shares of common stock for $11 per share. June 15 Declared a cash dividend of $1.50 per share to stockholders of record on June 30. July 10 Paid the $1.50 cash dividend. Dec. 1 Issued 4,200 additional shares of common stock for $11...
On January 1, Flounder Corp. had 61,500 shares of no-par common stock issued and outstanding. The stock has a stated val...
On January 1, Flounder Corp. had 61,500 shares of no-par common
stock issued and outstanding. The stock has a stated value of $4
per share. During the year, the following transactions
occurred.
Apr. 1
Issued 11,700 additional shares of common stock for $12 per
share.
June 15
Declared a cash dividend of $1.90 per share to stockholders of
record on June 30.
July 10
Paid the $1.90 cash dividend.
Dec. 1
Issued 5,200 additional shares of common stock for $13...
Exercise 11-13 On January 1, Pina Colada Corp. had 94,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $7 per share. During the year, the following occurred. Apr. Issued 23,000 additional shares of common stock for $19 per share. June 15 Declared a cash dividend of $2 per share to stockholders of record on June 30. July 10 Paid the $2 cash dividend Dec.1 Issued 1,000 additional shares of common stock for $19...
E14-1 On January 1, Guillen Corporation had 95,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred. Apr. 1 Issued 25,000 additional shares of common stock for $17 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 Paid the $1 cash dividend. Dec. 1 Issued 2,000 additional shares of common stock for $19...
Exercise 11-13 On January 1, Skysong, Inc. had 90,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred. Apr. June 15 July 10 Dec. 1 15 Issued 21,000 additional shares of common stock for $19 per share. Declared a cash dividend of $1 per share to stockholders of record on June 30. Paid the $1 cash dividend. Issued 2,500 additional shares of common stock for...
Exercise 11-09 a On January 1, Culver Corporation had 62,800 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 Issued 17,550 additional shares of common stock for $11 per share. June 15 Declared a cash dividend of $1.60 per share to stockholders of record on June 30. July 10 Paid the $1.60 cash dividend. Dec. 1 Issued 7,800 additional shares of common...
Exercise 14-01 b (Essay) On January 1, Guillen Corporation had 95,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per shere. During the year, the following occurred. Apr. 1 Issued 25.000 additional shares of common stock for $17 per share, June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 Paid the $1 cash dividend. Dec. 1 issued 2,000 additional shares of common...
On January 1, Cullumber Corporation had 93.000 shares of no-par common stock ed and outstanding. The stock has a stated value of 57 per share. During the year, the following curred Apr. 1 June 15 July 10 Dec. 1 15 ssued 20.500 tona shares of common stock for 18 per share Declared a cash dividend of 52 per share to stockholders of record on June 30. Paid the 52 cash dividend. Issued 2,000 additional shares of common stock for $10...
On January 1, Flounder Corp. had 61,500 shares of no-par common
stock issued and outstanding. The stock has a stated value of $4
per share. During the year, the following transactions
occurred.
Apr. 1
Issued 11,700 additional shares of common stock for $12 per
share.
June 15
Declared a cash dividend of $1.90 per share to stockholders of
record on June 30.
July 10
Paid the $1.90 cash dividend.
Dec. 1
Issued 5,200 additional shares of common stock for $13...
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