Kohler Corporation | |||
Date | General,Journal | Debit | Credit |
01-Jan | Treasury Stock-Common | $ 82,500.00 | |
To Cash | $ 82,500.00 | ||
( Amount of purchased of 5500 own stock @$15 per share) | |||
05-Jan | Retained Earnings(45000-5500)*$4 | $ 1,58,000.00 | |
To Dividend distributable | $ 1,58,000.00 | ||
( Amount of dividend declared | |||
28-Feb | Dividend Distributable | $ 1,58,000.00 | |
To Cash | $ 1,58,000.00 | ||
( Amount of dividend paid) | |||
06-Jul | Cash(2063*$19) | $ 39,197.00 | |
To Treasury Stock(2063*$15) | $ 30,945.00 | ||
To Paid in capital excess of par(2063*$4) | $ 8,252.00 | ||
( Amount of sale of 2063 treasury stock @$19 per share) | |||
22-Aug | Cash(3437*$12) | $ 41,244.00 | |
Paid in capital,Treasury stock | $ 8,252.00 | ||
Retained Earnings($51555-41244-8252) | $ 2,059.00 | ||
To Treasury Stock(3437*$15) | $ 51,555.00 | ||
( Amount of sale of 3427 Treasury stock @$12) | |||
05-Sep | Retained Earnings(45000*$4) | $ 1,80,000.00 | |
To Dividend Distributable | $ 1,80,000.00 | ||
( Amount of dividend declared on 45000 shares @$4 per share) | |||
28-Oct | Dividend distributable | $ 1,80,000.00 | |
To Cash | $ 1,80,000.00 | ||
( Amount of dividend paid) | |||
31st Dec | Income summary | $ 4,08,000.00 | |
To Retained Earnings | $ 4,08,000.00 | ||
( Amount of retained earnings transferred to Income summary account) | |||
2) | Kohler Corporation | ||
Statement of Retained Earnings | |||
For the year ended December 31st,2017 | |||
Beginning Retained Earnings | $ 4,00,000.00 | ||
Add: Net Income | $ 4,08,000.00 | ||
$ 8,08,000.00 | |||
Less: Cash Dividend($158000+180000) | $ -3,38,000.00 | ||
Less: Re issuance of Treasury stock | $ -2,059.00 | ||
Ending Retained Earnings | $ 4,67,941.00 | ||
Kohler Corporation | |||
Stockholder's Equity section of Balance Sheet | |||
3) | For the year ended December 31st,2017 | ||
Common Stock (45000 shares @$20 per share) | $ 9,00,000.00 | ||
Paid in capital-excess of par value common stock | $ 60,000.00 | ||
Total contributed capital | $ 9,60,000.00 | ||
Retained Earnings | $ 4,67,941.00 | ||
Total Stockholder's equity | $ 14,27,941.00 | ||
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—$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 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 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, 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, 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 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 80,000 Retained earnings 370,000 Total stockholders' equity $ 1,550,000 In year 2017, the following transactions affected its stockholders’ equity accounts. Jan. 1 Purchased 4,000 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $2 per share cash dividend...
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 value, 188,800 shares authorized, 50, eee shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 750,000 70, eee 438,888 $1,250,000 In year 2017, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 6,800 shares of its own stock at $2e cash per share. Jan. 5 Directors declared a $6 per share cash...
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...