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 (45000-5000)*2 | $80,000.00 | |
| Common dividend payable | $80,000.00 | ||
| Record decleration of Dividend | |||
| 28-Feb | Common dividend payable | $80,000.00 | |
| Cash | $80,000.00 | ||
| 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 (45000-5000+1875+3125)X2 | $90,000.00 | |
| Common dividend payable | $90,000.00 | ||
| Record decleration of Dividend | |||
| 22-Oct | Common dividend payable | $90,000.00 | |
| Cash | $90,000.00 | ||
| Record payment of Dividend | |||
| 31-Dec | Income summary | $408,000.00 | |
| Retained earnings | $408,000.00 | ||
| Kohler CORPORATION | |
| Statement of Retained Earnings | |
| For Year Ended December 31, 2017 | |
| Retained earnings, December 31, 2016 | $370,000.00 |
| Add: Net income | $408,000.00 |
| $778,000.00 | |
| Less: Cash dividends declared (80000+90000) | -$170,000.00 |
| Less: Treasury stock reissuances | -$1,875.00 |
| Retained earnings, December 31, 2017 | $606,125.00 |
| Kohler CORPORATION | |
| stockholders’ Equity Section of the Balance Sheet | |
| 31-Dec-17 | |
| Common stock - $20 par value | $900,000.00 |
| Paid-in capital in excess of par value, common stock | $70,000.00 |
| Retained earnings | $606,125.00 |
| Less cost of treasury stock (125000-46875-78125) | $0.00 |
| tal stockholders’ equity | $606,125.00 |
Add Answer to:
Connect Homework: Chapter 11i 5 2 Purchased 5,000 shares of its own stock at $25 cash...
nnect Homework: Chapter 11 2 Purchased 5,000 shares of its own stock at $25 cash per...
nnect Homework: Chapter 11 2 Purchased 5,000 shares of its own stock at $25 cash per share. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 Jan Jan stockholders of record. 28 Paid the dividend declared on January 5 6 Sold 1,875 of its treasury shares at $29 cash per share 22 Sold 3,125 of its treasury shares at $22 cash per share. Feb July Aug. Sept. 5 Directors declared 15 points...
Problem 11-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler...
Problem 11-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 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 $ 1,100,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 400,000 Total stockholders' equity $ 1,580,000 During 2019, the following transactions affected its stockholders’ equity accounts. Jan. 2 Purchased 5,000 shares of its own stock at...
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, 2016: Common stock—$25 par...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2016: Common stock—$25 par value, 100,000 shares authorized, 40,000 shares issued and outstanding $ 1,000,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 460,000 Total stockholders' equity $ 1,540,000 In year 2017, the following transactions affected its stockholders’ equity accounts. Jan. 1 Purchased 5,000 shares of its own stock at $20 cash per share. Jan. 5 Directors declared a $2 per share cash dividend...
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, 180,0e0 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 675,000 80,000 400,000 $1,155,000 Total stockholders' equity ed During 2019, the following transactions affected its stockholders' equity accounts. 2 Purchased 5,000 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—$15 par...
Kohler Corporation reports the following components of
stockholders’ equity on December 31, 2016:
Common stock—$15 par value, 100,000 shares authorized,
55,000 shares issued and outstanding
$
825,000
Paid-in capital in excess of par value, common stock
70,000
Retained earnings
400,000
Total stockholders' equity
$
1,295,000
In year 2017, the following transactions affected its stockholders’
equity accounts.
Jan.
1
Purchased 5,000 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.
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$10 par value, 100,000 shares authorized,45,000 shares issued and outstanding$450,000Paid-in capital in excess of par value, common stock80,000Retained earnings430,000Total stockholders' equity$960,000 During 2019, the following transactions affected its stockholders’ equity accounts. Jan.2Purchased 5,000 shares of its own stock at $25 cash per share.Jan.5Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record.Feb.28Paid the dividend declared on January 5.July6Sold 1,875 of...
NO EXPLANATION NEEDED, please, just solve everything, would be greatly appreciated (thumbs up)! :) Problem 13-2A...
NO EXPLANATION NEEDED, please, just solve
everything, would be greatly appreciated (thumbs up)!
:)
Problem 13-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$15 par value, 100,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 900,000 60,000 370,000 $1,330,000 During 2019, the following transactions affected its...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$25 par...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$25 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 $1,125,000 60,000 430,000 $1,615,000 During 2019, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 4,500 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $6 per share cash dividend payable on February...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$10 par...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$10 par value, 100,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500,000 80,000 400,000 $ 980,000 During 2019, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable...
nnect Homework: Chapter 11 2 Purchased 5,000 shares of its own stock at $25 cash per share. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 Jan Jan stockholders of record. 28 Paid the dividend declared on January 5 6 Sold 1,875 of its treasury shares at $29 cash per share 22 Sold 3,125 of its treasury shares at $22 cash per share. Feb July Aug. Sept. 5 Directors declared 15 points...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$15 par value, 180,0e0 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 675,000 80,000 400,000 $1,155,000 Total stockholders' equity ed During 2019, the following transactions affected its stockholders' equity accounts. 2 Purchased 5,000 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—$15 par value, 100,000 shares authorized,
55,000 shares issued and outstanding
$
825,000
Paid-in capital in excess of par value, common stock
70,000
Retained earnings
400,000
Total stockholders' equity
$
1,295,000
In year 2017, the following transactions affected its stockholders’
equity accounts.
Jan.
1
Purchased 5,000 shares of its own stock at $20 cash per
share.
Jan.
5
Directors declared a $4 per share cash dividend...
NO EXPLANATION NEEDED, please, just solve
everything, would be greatly appreciated (thumbs up)!
:)
Problem 13-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$15 par value, 100,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 900,000 60,000 370,000 $1,330,000 During 2019, the following transactions affected its...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$25 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 $1,125,000 60,000 430,000 $1,615,000 During 2019, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 4,500 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $6 per share cash dividend payable on February...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$10 par value, 100,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500,000 80,000 400,000 $ 980,000 During 2019, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable...
Most questions answered within 3 hours.
-
4) A firm is hit by increases in its wage rate, w.
a) How does this...
asked 2 minutes ago -
A square current loop 5.4 cm on each side carries a 510 mA
current. The loop...
asked 2 hours ago -
What are five tips in conducting knowledge assessment/literature
review research? Each of these tips needs to...
asked 2 hours ago -
Antigen presenting cells link innate and adaptive immune
responses. In the theoretical scenario where phagosomes cannot...
asked 2 hours ago -
Dealing with conflict, in my opinion, is a skill and an art. I
believe that those...
asked 3 hours ago -
6. A long straight wire with circular cross section and radius
1.5 cm carries a 1.2...
asked 3 hours ago -
Deacon Corporation has provided the following financial data
from its balance sheet and income statement:
Year...
asked 4 hours ago -
List and discuss at least three variables from everyday life for
which you expect the variable ...
asked 4 hours ago -
A high-pass filter consists of a 1.60 μF capacitor in series
with a 125 Ω resistor....
asked 4 hours ago -
A newly developed artificial intelligence has trouble
distinguishing hand-written numbers from hand-written alphabets.
There are pictures...
asked 4 hours ago -
The carbonate ion CO3 2- has multiple resonance structures.
a. Draw them and assign the hybridization...
asked 4 hours ago -
In doing an allocation for a basket purchase
Use the individual costs and the total market...
asked 4 hours ago