Homework Answers
| Date | Account Titles and Explanation | Debit | Credit |
| Dec. 1 | Stock Dividends (51,500 shares * $17 per share * 15/100) | $131,325 | |
| Common Stock Dividends Distributable (51,500 shares * $11 per share * 15/100) | $84,975 | ||
| Paid-in Capital in Excess of Par - Common Stock ($17 per share - $11 per share = $6 pe share * 51,500 shares * 15/100) | $46,350 | ||
| (To record the declaration of 15% stock dividends on common stock) | |||
| Dec. 31 | Common Stock Dividends Distributable | $84,975 | |
| Common Stock | $84,975 | ||
| (To record the issue of 15% stock dividends) |
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CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Brief Exercise 14-03 Crane Corporation has 51,500 shares of...
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CALCULATOR FULL SCREEN PRINTER VERSION OKNEK Question 14 Swifty Corporation has 83,000 shares of common stock...
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Brief Exercise 14-03 Concord Corporation has 41,500 shares of $12 par value common stock outstanding. It...
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PLEASE SHOW ALL WORK. THANK YOU! CALCULATOR PRINTER Brief Exercise 15-14 Your answer is partially correct....
PLEASE SHOW ALL WORK. THANK YOU!
CALCULATOR PRINTER Brief Exercise 15-14 Your answer is partially correct. Try again. Pharoah Corporation has outstanding 400,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend when the fair value of the stock is $63 per share. Prepare the journal entries for both the date of declaration and the date of distribution. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry...
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CALCULATOR FULL SCREEN PRINTER VERSION Question 3 SheffieldConstruction Company issued 840 shares of no-par common stock...
CALCULATOR FULL SCREEN PRINTER VERSION Question 3 SheffieldConstruction Company issued 840 shares of no-par common stock for $14900. Which of the following journal entries would be made if the stock has no stated value? Cash 14900 Common Stock 340 Paid-in Capital in Excess of Par 14060 Cash 14900 Common Stock 840 Paid-in Capital in Excess of Stated Value 14060 14900 Common Stock Cash 14900 Cash 14900 Common Stock 14900 Click If you would like to show Work for this question:...
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е е с ament CALCULATOR FULL SCREEN PRINTER VERSION BACK NE Exercise 14-03 a-b (Video) On January 1, 2020, Sandhill Corporation had $1,045,000 of common stock outstanding that was issued at par. It also had retained earnings of $744,500. The company issued 44,500 shares of common stock at par on July 1 and earned net income of $405,000 for the year. Journalize the declaration of a 16% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account...
Brief Exercise 14-03 Concord Corporation has 41,500 shares of $12 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $18. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is...
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PLEASE SHOW ALL WORK. THANK YOU!
CALCULATOR PRINTER Brief Exercise 15-14 Your answer is partially correct. Try again. Pharoah Corporation has outstanding 400,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend when the fair value of the stock is $63 per share. Prepare the journal entries for both the date of declaration and the date of distribution. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry...
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