Homework Answers
Following are the Journal Entries December 31 2016
Date Journal Debit Credit
Jan 1 Share Capital Account $137500
To cash Account $110000
To Securities Premium $27500
(Being Shares purchased)
Feb 28 Retained earning Account $198000
To cash Account $198000
(Being Dividend paid)
July 6 Cash Account $49512
Securities Premium $2063
To Share capital $51575
(Being Shares Sold)
Aug 22 Cash Account $58429
Securities Premium Account $27496
To Share capital $85925
(Being Shares Sold)
Oct 28 Retained Earning Account $220000
To cash Account $220000
(Being Dividend Paid)
Dec 31 Cash Account $408000
To Retained Earning $408000
Statement of Retained Earning for the year ended Dec 31 2016
| Opening Balance | $ 430000 | |
| Less Dividend Paid | $198000 | |
| Less Dividend Paid | $220000 | |
| Add: Earning during the year | $408000 | |
| Closing balance | $420000 |
Stock Holders equity Section
| Opening balance | $1375000 |
| Less: purchased | $137500 |
| Add: Sold | $51575 |
| Add: Sold | $85925 |
| Total equity capital | $1375000 |
| Paid in capital excess of par value | $27496 |
| Retained Earning | $420000 |
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Sava ment 0 Required information [The following information applies to the questions displayed below) Kohler Corporation...
(The following information applies to the questions displayed below) Kohler Corporation reports the following components of...
(The following information applies to the questions displayed below) Kohler Corporation reports the following components of stockholders' equity on December 31, 2015 Common stock-$10 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 $ 400,000 60.000 270.000 $ 730,000 In year 2016, the following transactions affected its stockholders' equity accounts. Jan. 1Purchased 4,000 shares of its own stock at $20 cash per share Jan 5...
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 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 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 on December 31, 2016: Common stock—$15 par...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2016: Common stock—$15 par value, 100,000 shares authorized, 50,000 shares issued and outstanding $ 750,000 Paid-in capital in excess of par value, common stock 60,000 Retained earnings 430,000 Total stockholders' equity $ 1,240,000 In year 2017, the following transactions affected its stockholders’ equity accounts. Jan. 1 Purchased 5,500 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $6 per share cash dividend...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2016: Common stock—$10 par...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2016: Common stock—$10 par value, 100,000 shares authorized, 60,000 shares issued and outstanding $600,000 Paid-in capital in excess of par value, common stock 60,000 Retained earnings 400,000 Total stockholders' equity $1,060,000 In year 2017, the following transactions affected its stockholders’ equity accounts. Jan. 1 Purchased 5,500 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $6 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, 60,000 shares issued and outstanding $ 1,200,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 430,000 Total stockholders' equity $ 1,710,000 In year 2017, the following transactions affected its stockholders’ equity accounts. Jan. 1 Purchased 5,500 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $6 per share cash dividend...
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, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 900,000 60,000 400,000 $1,360,000 Total stockholders' equity In year 2017, the following transactions affected its stockholders' equity accounts. 1 Purchased 5,500 shares of its own stock at $15 cash per share. 5 Directors declared a $4 per share cash dividend payable on February...
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,
60,000 shares issued and outstanding
$
1,200,000
Paid-in capital
in excess of par value, common stock
80,000
Retained
earnings
430,000
Total
stockholders' equity
$
1,710,000
In year 2017, the following transactions affected its stockholders’
equity accounts.
Jan.
1
Purchased 5,500
shares of its own stock at $15 cash per share.
Jan.
5
Directors declared
a $6 per share cash dividend...
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...
(The following information applies to the questions displayed below) Kohler Corporation reports the following components of stockholders' equity on December 31, 2015 Common stock-$10 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 $ 400,000 60.000 270.000 $ 730,000 In year 2016, the following transactions affected its stockholders' equity accounts. Jan. 1Purchased 4,000 shares of its own stock at $20 cash per share Jan 5...
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 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 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 on December 31, 2016: Common stock-$20 par value, 100,000 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 900,000 60,000 400,000 $1,360,000 Total stockholders' equity In year 2017, the following transactions affected its stockholders' equity accounts. 1 Purchased 5,500 shares of its own stock at $15 cash per share. 5 Directors declared a $4 per share cash dividend payable on February...
Kohler Corporation
reports the following components of stockholders’ equity on
December 31, 2016:
Common stock—$20
par value, 100,000 shares authorized,
60,000 shares issued and outstanding
$
1,200,000
Paid-in capital
in excess of par value, common stock
80,000
Retained
earnings
430,000
Total
stockholders' equity
$
1,710,000
In year 2017, the following transactions affected its stockholders’
equity accounts.
Jan.
1
Purchased 5,500
shares of its own stock at $15 cash per share.
Jan.
5
Directors declared
a $6 per share cash dividend...
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...
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