Date | Account Titles | Debit | Credit |
Feb 1 | Cash | 32900 | |
Common Stock [4700*3] | 14100 | ||
Paid - in Capital in excess of stated value- common stock [ bal. fig.] | 18800 | ||
Mar 20 | Treasury Stock [1650*9] | 14850 | |
Cash | 14850 | ||
Oct 1 | Cash dividends [291000*6%] | 17460 | |
Dividends payable | 17460 | ||
Nov 1 | Dividends payable | 17460 | |
Cash | 17460 | ||
Dec 1 |
Cash dividends [(790,000/ 3 - 1650) *0.85] |
222431 | |
Dividends payable | 222431 | ||
Dec 31 | Income summary | 276400 | |
Retained earnings | 276400 | ||
Dec 31 | Retained earnings | 239891 | |
Cash dividends | 239891 | ||
Dec 31 | Dividends payable | 222431 | |
Cash | 222431 |
Preferred Stock | |||
1/1 Bal | 291000 | ||
12/31 Bal | 291000 |
Common Stock | |||
1/1 Bal | 790000 | ||
2/1 | 14100 | ||
12/31 Bal | 804100 |
Paid in Capital in excess of par value - Preferred Stock | |||
1/1 Bal | 14550 | ||
12/31 Bal | 14550 |
Paid in Capital in excess of stated value - Common Stock | |||
1/1 Bal | 505600 | ||
2/1 | 18800 | ||
12/31 Bal | 524400 |
Retained earnings | |||
12/31 | 239891 | 1/1 bal. | 694500 |
12/31 | 276400 | ||
12/31 Bal. | 731009 |
Cash dividends | |||
10/1 | 17460 | 12/31 | 239891 |
12/1 | 222431 | ||
12/31 Bal. | 0 |
Treasury Stock | |||
1/1 Bal. | 38800 | ||
3/20 | 14850 | ||
12/31 Bal. | 53650 |
Partial Balance Sheet | ||
December 31,2017 | ||
Stockholders Equity | ||
Paid in Capital | ||
Capital Stock | ||
Preferred Stock | 291000 | |
Common Stock | 804100 | |
Total Capital Stock | 1095100 | |
Additional paid in capital | ||
Paid - in Capital in excess of par value- preferred stock | 14550 | |
Paid - in Capital in excess of stated value- common stock | 524400 | |
Total Additional paid in capital | 538950 | |
Total paid in capital | 1634050 | |
Retained earnings | 731009 | |
Total paid in capital and retained earnings | 2365059 | |
Less: Tresury Stock | 53650 | |
Total stockholders equity | 2311409 |
The stockholders' equity accounts of Culver Corporation on January 1, 2017, were as follows. Preferred Stock...
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