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Instructions Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow Enterprises' stockholders' equity accounts, with balances on January 1, 20Y6, are as follows: Common Stock, $20 stated value (500,000 shares authorized, 375,000 shares issued) Paid-In Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (25,000 shares, at cost) $7,500,000 825,000 33,600,000 450,000 The following selected transactions occurred during the year Jan. 22 Apr. Jun. Jul. 10 6 5 Paid cash dividends of $0.08 per share on the common stock. The...
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Morrow Enterprises Inc. manufactures bathroom fotures. Morrow Enterprises' stockholders equity accounts, with balances on January 1, 20Y6, are as follows Common stock, $20 stated value (500,000 shares authorized, 399,000 shares issued) $7,980,000 Paid-In Capital in Excess of Stated Value-Common Stock 877,800 Retained Earnings 34,554,000 Treasury Stock (22,500 shares, at cost) 382,500 The following selected transactions occurred during the year The dividend had been properly Paid cash dividends of $0.07 per share on the common...
Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow Enterprises' stockholders' equity accounts, with balances on January 1, 2016, are as follows: $7,380,000 848,700 Common stock, $20 stated value (500,000 shares authorized, 369,000 shares issued) Paid-In Capital in Excess of Stated Value - Common Stock Retained Earnings Treasury Stock (23,300 shares, at cost) 33,497,000 419,400 The following selected transactions occurred during the year: Jan. 22 Paid cash dividends of $0.08 per share on the common stock. The dividend had been properly recorded...
Common Stock
Jan. 1 Bal.
3,400,000
Apr. 10
Aug. 15
Dec. 31 Bal.
Paid-In Capital in Excess of Stated Value-Common
Stock
Jan. 1 Bal.
650,000
Apr. 10
July 5
Dec. 31 Bal.
Retained Earnings
Dec. 31
Jan. 1 Bal.
7,720,000
Dec. 31
Dec. 31 Bal.
Treasury Stock
Jan. 1 Bal.
476,000
June 6
Nov. 23
Dec. 31 Bal.
Paid-In Capital from Sale of Treasury Stock
June 6
Stock Dividends Distributable
Aug. 15
July 5
Stock Dividends
July 5
Dec. 31...
Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow Enterprises' stockholders' equity accounts, with balances on January 1, 20Y6, are as follows: Common stock, $20 stated value (500,000 shares authorized, 399,000 shares issued Paid-In Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (22,500 shares, at cost) $7,980,000 877,800 34,554,000 382,500 The following selected transactions occurred during the year: Paid cash dividends of $0.07 per share on the common stock. The dividend had been properly recorded when declared on December...
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Entries for Selected Corporate Transactions
Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow
Enterprises’ stockholders’ equity accounts, with balances on
January 1, 20Y6, are as follows:
Common Stock, $10 stated value (900,000 shares authorized,
600,000 shares issued)
$6,000,000
Paid-In Capital in Excess of Stated Value-Common Stock
1,150,000
Retained Earnings
13,620,000
Treasury Stock (60,000 shares, at...
Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances on January 1, 20Y5, are as follows: Common Stock, $10 stated value (350,000 shares authorized, 240,000 shares issued) $2,400,000 Paid-In Capital in Excess of Stated Value-Common Stock 450,000 Retained Earnings 5,450,000 Treasury Stock (24,000 shares, at cost) 360,000 The following selected transactions occurred during the year: Jan. 22. Paid cash dividends of $0.15 per share on the common stock. The dividend had been properly...
Entries for Selected Corporate Transactions Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow Enterprises' stockholders' equity accounts, with balances on January 1, 20Y6, are as follows: Common Stock, $10 stated value (900,000 shares authorized, 600,000 shares issued) $6,000,000 Paid-In Capital in Excess of Stated Value-Common Stock 1,150,000 Retained Earnings 13,620,000 Treasury Stock (60,000 shares, at cost) 840,000 The following selected transactions occurred during the year: Jan. 22. Paid cash dividends of $0.15 per share on the common stock. The dividend had...
Morrow Enterprises Inc. manufactures bathroom fixtures. The
stockholders’ equity accounts of Morrow Enterprises Inc., with
balances on January 1, 20Y5, are as follows:
Common Stock, $20 stated value (500,000 shares authorized,
375,000 shares issued)
$ 7,500,000
Paid-In Capital in Excess of Stated Value—Common Stock
825,000
Retained Earnings
33,600,000
Treasury Stock (25,000 shares, at a cost of $18 per share)
450,000
The following selected transactions occurred during the
year:
Jan.
22
Paid cash dividends of $0.08 per share on the common...
Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow Enterprises’ stockholders’ equity accounts, with balances on January 1, 20Y6, are as follows: Common stock, $20 stated value (500,000 shares authorized, 363,000 shares issued) $7,260,000 Paid-In Capital in Excess of Stated Value—Common Stock 834,900 Retained Earnings 32,541,000 Treasury Stock (25,900 shares, at cost) 492,100 The following selected transactions occurred during the year: Jan. 22 Paid cash dividends of $0.09 per share on the common stock. The dividend had been properly recorded when declared...