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 |
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 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 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 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 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...