Homework Answers
| 1. Journal Entry | |||
| Date | General Journal | Debit | Credit |
| 2-Jan | Treasury stock (5000X25) | $125,000.00 | |
| Cash | $125,000.00 | ||
| Record Purchase of Treasury Share | |||
| 5-Jan | Retained earnings (40000-5000)*2 | $70,000.00 | |
| Common dividend payable | $70,000.00 | ||
| Record decleration of Dividend | |||
| 28-Feb | Common dividend payable | $70,000.00 | |
| Cash | $70,000.00 | ||
| Record payment of Dividend | |||
| 6-Jul | Cash (1875X29) | $54,375.00 | |
| Treasury stock (1875*25) | $46,875.00 | ||
| Paid-in capital- treasury stock (BF) | $7,500.00 | ||
| Record Sale of Treasury Stock | |||
| 22-Aug | Cash (3125X 22) | $68,750.00 | |
| Paid-in capital- treasury stock | $7,500.00 | ||
| Retained earnings (BF) | $1,875.00 | ||
| Treasury stock (3125*25) | $78,125.00 | ||
| Record Sale of Treasury stock | |||
| 9-Sep | Retained earnings (40000-5000+1875+3125)X2 | $80,000.00 | |
| Common dividend payable | $80,000.00 | ||
| Record decleration of Dividend | |||
| 22-Oct | Common dividend payable | $80,000.00 | |
| Cash | $80,000.00 | ||
| Record payment of Dividend | |||
| 31-Dec | Income summary | $368,000.00 | |
| Retained earnings | $368,000.00 | ||
| Kohler CORPORATION | |
| Statement of Retained Earnings | |
| For Year Ended December 31, 2017 | |
| Retained earnings, December 31, 2016 | $400,000.00 |
| Add: Net income | $368,000.00 |
| $768,000.00 | |
| Less: Cash dividends declared (70000+80000) | -$150,000.00 |
| Less: Treasury stock reissuances | -$1,875.00 |
| Retained earnings, December 31, 2017 | $616,125.00 |
| Kohler CORPORATION | |
| stockholders’ Equity Section of the Balance Sheet | |
| 31-Dec-17 | |
| Common stock - $20 par value | $800,000.00 |
| Paid-in capital in excess of par value, common stock | $80,000.00 |
| Retained earnings | $616,125.00 |
| Less cost of treasury stock (125000-46875-78125) | $0.00 |
| tal stockholders’ equity | $616,125.00 |
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Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 Common stock-$20 par...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$20 par...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$20 par value, lee, 800 shares authorized, 55,eee shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,180,800 70,000 370,00 $1,540, eee During 2019, the following transactions affected its stockholders' equity accounts. Jan. Jan. Feb. July Aug. Sept. Oct. Dec. 2 Purchased 5,580 shares of its own stock at $15 cash per share. 5 Directors declared a...
Kohler Corporation reports the following components of stockholders' equity on December 31, 2017 Common stock-$15 par...
Kohler Corporation reports the following components of stockholders' equity on December 31, 2017 Common stock-$15 par value, 100,000 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 675, eee 70, eee 370 eee $1,115, eee In year 2018, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 5,500 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a 54 per...
Kohler Corporation reports the following components of stockholders' equity on December 31, 2017 Common stock-$15 par...
Kohler Corporation reports the following components of stockholders' equity on December 31, 2017 Common stock-$15 par value, 100, 200 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 675, eee 7e, eee 37e eee $1,115, eee In year 2018, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 5,5ee shares of its own stock at $25 cash per share. Jan. 5 Directors declared a 54...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$20 par...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$20 par value, 100,000 shares authorized, 55,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,100,000 80,000 400,000 $1,580, eee During 2019, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,500 shares of its own stock at $20 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable on...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 Common stock-$20 par...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 Common stock-$20 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 800,000 80,000 400,000 $1,280,000 During 2019, the following transactions affected its stockholders' equity accounts. Jan. Jan. Feb. July Aug. Sept. Oct. Dec. 2 Purchased 5,500 shares of its own stock at $15 cash per share. 5 Directors declared a $4...
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$20 par...
Kohler Corporation reports the following components of
stockholders’ equity at December 31, 2018.
Common stock—$20 par value, 100,000 shares authorized,
50,000 shares issued and outstanding
$
1,000,000
Paid-in capital in excess of par value, common stock
60,000
Retained earnings
430,000
Total stockholders' equity
$
1,490,000
During 2019, the following transactions affected its stockholders’
equity accounts.
Jan.
2
Purchased 5,500 shares of its own stock at $15 cash per
share.
Jan.
5
Directors declared a $6 per share cash dividend payable...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 3.34 points Common...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 3.34 points Common stock-$10 par value, 1ee, eee shares authorized, 5e,eee shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ See, ce 89, eee 43e, eee $1,818,eee BOOK During 2019, the following transactions affected its stockholders' equity accounts. Jan. Jan. Feb. July Aug. Sept. Oct. Dec. 2 Purchased 4,5ee shares of its own stock at $25 cash...
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$15 par...
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$15 par value, 100,000 shares authorized, 45,000 shares issued and outstanding $ 675,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 430,000 Total stockholders' equity $ 1,185,000 During 2019, the following transactions affected its stockholders’ equity accounts. Jan. 2 Purchased 5,000 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a $6 per share cash dividend payable...
Kohler Corporation reports the following components of stockholders' equity on December 31, 2017 Common stock-$25...
Kohler Corporation reports the following components of stockholders' equity on December 31, 2017 Common stock-$25 par value, 1ee,eee shares authorized, 55,e00 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,375, eee 7e, eee 400,e00 $1,845,000 In year 2018, the following transactions affected its stockholders' equity accounts. 1 Purchased 4,500 shares of its Own stock at $20 cash per share. 5 Directors declared a $4 per share cash dividend payable on...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2016: Common stock—$20 par...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2016: Common stock—$20 par value, 100,000 shares authorized, 55,000 shares issued and outstanding $ 1,100,000 Paid-in capital in excess of par value, common stock 70,000 Retained earnings 430,000 Total stockholders' equity $ 1,600,000 In year 2017, the following transactions affected its stockholders’ equity accounts. Jan. 1 Purchased 4,000 shares of its own stock at $20 cash per share. Jan. 5 Directors declared a $4 per share cash dividend...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$20 par value, lee, 800 shares authorized, 55,eee shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,180,800 70,000 370,00 $1,540, eee During 2019, the following transactions affected its stockholders' equity accounts. Jan. Jan. Feb. July Aug. Sept. Oct. Dec. 2 Purchased 5,580 shares of its own stock at $15 cash per share. 5 Directors declared a...
Kohler Corporation reports the following components of stockholders' equity on December 31, 2017 Common stock-$15 par value, 100,000 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 675, eee 70, eee 370 eee $1,115, eee In year 2018, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 5,500 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a 54 per...
Kohler Corporation reports the following components of stockholders' equity on December 31, 2017 Common stock-$15 par value, 100, 200 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 675, eee 7e, eee 37e eee $1,115, eee In year 2018, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 5,5ee shares of its own stock at $25 cash per share. Jan. 5 Directors declared a 54...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$20 par value, 100,000 shares authorized, 55,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,100,000 80,000 400,000 $1,580, eee During 2019, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,500 shares of its own stock at $20 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable on...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 Common stock-$20 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 800,000 80,000 400,000 $1,280,000 During 2019, the following transactions affected its stockholders' equity accounts. Jan. Jan. Feb. July Aug. Sept. Oct. Dec. 2 Purchased 5,500 shares of its own stock at $15 cash per share. 5 Directors declared a $4...
Kohler Corporation reports the following components of
stockholders’ equity at December 31, 2018.
Common stock—$20 par value, 100,000 shares authorized,
50,000 shares issued and outstanding
$
1,000,000
Paid-in capital in excess of par value, common stock
60,000
Retained earnings
430,000
Total stockholders' equity
$
1,490,000
During 2019, the following transactions affected its stockholders’
equity accounts.
Jan.
2
Purchased 5,500 shares of its own stock at $15 cash per
share.
Jan.
5
Directors declared a $6 per share cash dividend payable...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 3.34 points Common stock-$10 par value, 1ee, eee shares authorized, 5e,eee shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ See, ce 89, eee 43e, eee $1,818,eee BOOK During 2019, the following transactions affected its stockholders' equity accounts. Jan. Jan. Feb. July Aug. Sept. Oct. Dec. 2 Purchased 4,5ee shares of its own stock at $25 cash...
Kohler Corporation reports the following components of stockholders' equity on December 31, 2017 Common stock-$25 par value, 1ee,eee shares authorized, 55,e00 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,375, eee 7e, eee 400,e00 $1,845,000 In year 2018, the following transactions affected its stockholders' equity accounts. 1 Purchased 4,500 shares of its Own stock at $20 cash per share. 5 Directors declared a $4 per share cash dividend payable on...
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