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)*$6 | $ 2,37,000.00 | ||
To Dividend Distributable |
$ 2,37,000.00 | |||
( Amount of dividend declared | ||||
28-Feb | Dividend Distributable | $ 2,37,000.00 | ||
To Cash | $ 2,37,000.00 | |||
( 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*$6) | $ 2,70,000.00 | ||
To Dividend Distributable | $ 2,70,000.00 | |||
( Amount of dividend declared on 40000 shares @$4 per share) | ||||
28-Oct |
Dividend Distributable |
$ 2,70,000.00 | ||
To Cash | $ 2,70,000.00 | |||
( Amount of dividend paid) | ||||
31st Dec | Income summary | $ 3,68,000.00 | ||
To Retained Earnings | $ 3,68,000.00 | |||
( Amount of retained earnings transferred to Income summary account) | ||||
Kohler Corporation | ||||
Statement of Retained Earnings | ||||
For the year ended December 31st,2017 | ||||
Beginning Retained Earnings | $ 3,70,000.00 | |||
Add: Net Income | $ 3,68,000.00 | |||
$ 7,38,000.00 | ||||
Less: Cash Dividend | $ -5,07,000.00 | |||
Less: Reissue of Treasury stock | $ -2,059.00 | |||
Ending Retained Earnings | $ 2,28,941.00 | |||
Kohler Corporation | ||||
Stockholder's Equity section of Balance Sheet | ||||
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 | $ 70,000.00 | |||
Total contributed capital | $ 9,70,000.00 | |||
Retained Earnings | $ 2,28,941.00 | |||
Total Stockholder's equity | $ 11,98,941.00 | |||
4. 5. 6.7. Kohler Corporation reports the following components of stockholders' equity on December 31, 2016:...
Kohler Corporation reports the following components of stockholders' equity on December 31, 2016: o utstand 10. 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 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 $2 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—$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 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, 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-$15 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 $ 600.000 80,000 370,000 $1,050,000 In year 2017, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 6,000 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable...
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, 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 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...