Homework Answers
Solution:
| Journal Entries - Carla Vista Ltd | |||
| Date | Particulars | Debit | Credit |
| 1-Mar | Stock dividends Dr (419000*5%*$4) | $83,800.00 | |
| To Stock dividend distributable | $83,800.00 | ||
| (To record stock dividend declared) | |||
| 14-Mar | No Entry | ||
| 31-Mar | Stock dividend distributable Dr | $83,800.00 | |
| To Common shares | $83,800.00 | ||
| (To record issue of stock dividend) | |||
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On March 1, Carla Vista Ltd. had 419,000 common shares issued and the balance in its...
on January 1, Brunhilde Corporation had 240.000 common shares issued. On March 17, the company declared...
on January 1, Brunhilde Corporation had 240.000 common shares issued. On March 17, the company declared a 5% stock dividend to be distributed on March 30. The market value of the shares was $7 on January 1, $9 on March 17 and $12 on March 30. 42. The journal entry to record the stock dividend declaration is: (a) Cr Mar-30 Stock dividends Dr 144000 Cash 144000 (b) Mar-30 Stock dividends 144000 Stock dividends distributable 144000 (c) Jan-01 Stock dividends 84000...
On January 1, 2020, Carla Vista Corporation had the followingstockholders’ equity accounts.Common Stock ($26...
On January 1, 2020, Carla Vista Corporation had the following stockholders’ equity accounts.Common Stock ($26 par value, 59,500 shares issued and outstanding)$1,547,000Paid-in Capital in Excess of Par—Common Stock191,000Retained Earnings564,000During the year, the following transactions occurred.Feb. 1Declared a $3 cash dividend per share to stockholders of record on February 15, payable March 1.Mar. 1Paid the dividend declared in February.Apr. 1Announced a 2-for-1 stock split. Prior to the split, the market price per share was $35.July 1Declared a 10% stock dividend to...
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par common stock issued and outstanding. At December 31, 2021,
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Retained Earnings 1,215,000
Transactions during 2022 and other information related to
stockholders’ equity accounts were as follows.
1. On January 10, issued at $105 per share 127,000 shares of
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2. On February 8, reacquired 15,100 shares of...
- Your answer is partially correct. Concord Corporation has 41,500 shares of $12 par value common...
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Do all of these please The trial balance columns of the worksheet for Carla Vista Roofing...
Do all of these please
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On January 1, 2020, Carla Vista Corporation had the following stockholders’ equity accounts.Common Stock ($26 par value, 59,500 shares issued and outstanding)$1,547,000Paid-in Capital in Excess of Par—Common Stock191,000Retained Earnings564,000During the year, the following transactions occurred.Feb. 1Declared a $3 cash dividend per share to stockholders of record on February 15, payable March 1.Mar. 1Paid the dividend declared in February.Apr. 1Announced a 2-for-1 stock split. Prior to the split, the market price per share was $35.July 1Declared a 10% stock dividend to...
Bonita Industries owned 22300 shares of Carla Vista Co. purchased in 2014 for $613250. On December...
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on January 1, Brunhilde Corporation had 240.000 common shares issued. On March 17, the company declared a 5% stock dividend to be distributed on March 30. The market value of the shares was $7 on January 1, $9 on March 17 and $12 on March 30. 42. The journal entry to record the stock dividend declaration is: (a) Cr Mar-30 Stock dividends Dr 144000 Cash 144000 (b) Mar-30 Stock dividends 144000 Stock dividends distributable 144000 (c) Jan-01 Stock dividends 84000...
Carla Vista Co. had these transactions during the current period. June 12 Issued 78,500 shares of $1 par value common stock for cash of $294.375. July 11 Issued 3.250 shares of $101 par value preferred stock for cash at $109 per share. Nov. 28 Purchased 1,750 shares of treasury stock for $9.700. Prepare the journal entries for the Carla Vista Co, transactions shown above. (Record journal entries in the order presented in the problem. Credit account titles are automatically Indented...
Carla Vista Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,050 shares of $50 par value preferred stock and 102,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $6,475; 2020, $14,200; and 2021, $28,500. Show the allocation of dividends to each class of stack, assuming the preferred stock dividend is 7% and noncumulative. 2019 2020 2021 Allocation to preferred stock Allocation to common stock...
On December 31, 2021, Carla Vista Co. had 1,300,000 shares of $6
par common stock issued and outstanding. At December 31, 2021,
stockholders’ equity had the amounts listed here.
Common Stock $7,800,000
Additional Paid-in Capital 1,840,000
Retained Earnings 1,215,000
Transactions during 2022 and other information related to
stockholders’ equity accounts were as follows.
1. On January 10, issued at $105 per share 127,000 shares of
$104 par value, 8% cumulative preferred stock.
2. On February 8, reacquired 15,100 shares of...
- Your answer is partially correct. Concord Corporation has 41,500 shares of $12 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $18. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If...
Do all of these please
The trial balance columns of the worksheet for Carla Vista Roofing at March 31, 2020, are as follows. Carla Vista Roofing Worksheet For the Month Ended March 31, 2020 Trial Balance Account Titles Dr. Cash 4,700 Accounts Receivable 3,500 Supplies 2,380 Equipment 11,352 Accumulated Depreciation-Equipment 1,290 Accounts Payable 2,320 Unearned Service Revenue 690 Owner's Capital 13,922 Owner's Drawings 1,150 Service Revenue 6,300 Salaries and Wages Expense 1,110 Miscellaneous Expense 330 24,522 24,522 Other data: 1....
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