Homework Answers
| Nov 1 | Cash dividends | 30,000 | |
| Dividends payable | 30,000 | ||
| (7500*4) | |||
| Dec 31 | Dividends payable | 30,000 | |
| Cash | 30,000 | ||
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Cheyenne Corp. has 7,500 shares of common stock outstanding. It declares a $4 per share cash...
Bridgeport Corp. has 7.400 shares of common stock outstanding It declares a $5 per share cash...
Bridgeport Corp. has 7.400 shares of common stock outstanding It declares a $5 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31 Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend (Credit account titles ave automoticaly indented when amount is entered Do net indent manualy Record journal entries in the order presented in the problem If no entry is required,...
Splish Brothers Inc. has 71,000 shares of common stock outstanding. It declares a $2 per share...
Splish Brothers Inc. has 71,000 shares of common stock outstanding. It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash 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...
Question 14 Bramble Corporation has 88,000 shares of common stock outstanding. It declares a $2 per...
Question 14 Bramble Corporation has 88,000 shares of common stock outstanding. It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash 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 ne entry...
Cheyenne Corporation has outstanding 358,000 shares of $10 par value common stock. The corporation declares a...
Cheyenne Corporation has outstanding 358,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend when the fair value of the stock is $62 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 is required, select "No Entry" for the account titles and enter o for the amounts.) Cheyenne Corporation has...
Whispering Winds Corp, has 8,700 shar is paid on December 31 es of common stock outstanding,...
Whispering Winds Corp, has 8,700 shar is paid on December 31 es of common stock outstanding, it declares a $4 per share cash dividend on November 1 to stockholders of record on December 1. The dividend Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend.(Credit occount titles ore automatically indented when amount is entered. Do not and journal entries in the order presented in the problem f no entry is required, select"No...
ASSIG RESOu Brief Exercise 11-5 Grouper Corp. has 7,700 shares of common stock outstanding Prepare the...
ASSIG RESOu Brief Exercise 11-5 Grouper Corp. has 7,700 shares of common stock outstanding Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. (Credit account titles are automatically indented when amount is entered. Do not indent t declares a $5 per share cash dividend on November 1 to stoc nolders of record on December·me dividend Spaid on December a Pre Cla Ch manually. Record journal entries in the order presented in the...
Sunland Company has 57,000 shares of $11 par value common stock outstanding. It declares a 13%...
Sunland Company has 57,000 shares of $11 par value common stock outstanding. It declares a 13% stock dividend on December 1 when the market price per share is $17. 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 required, select "No...
Exercise 11-13 On January 1, Cheyenne Corp. had 97,500 shares of no-par common stock issued and...
Exercise 11-13 On January 1, Cheyenne Corp. had 97,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the year, the following occurred. Apr. 1 Issued 29,500 additional shares of common stock for $18 per share. June 15 Declared a cash dividend of $2 per share to stockholders of record on June 30. July 10 Paid the $2 cash dividend. Dec. 1 Issued 3,000 additional shares of common stock for...
Sheffeld Corporation has 50,000 shares of 611 par value common stock outstanding. It declares a 15%...
Sheffeld Corporation has 50,000 shares of 611 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $19. The dividend shares are issued on December 31. Prepare the entries for the deciaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. Creditr account titles are automatically indented whem amount is entered. Do not indent manually. If no entry is required, select "No...
Brief Exercise 14-03 Concord Corporation has 41,500 shares of $12 par value common stock outstanding. It...
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...
Bridgeport Corp. has 7.400 shares of common stock outstanding It declares a $5 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31 Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend (Credit account titles ave automoticaly indented when amount is entered Do net indent manualy Record journal entries in the order presented in the problem If no entry is required,...
Splish Brothers Inc. has 71,000 shares of common stock outstanding. It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash 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...
Question 14 Bramble Corporation has 88,000 shares of common stock outstanding. It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash 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 ne entry...
Cheyenne Corporation has outstanding 358,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend when the fair value of the stock is $62 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 is required, select "No Entry" for the account titles and enter o for the amounts.) Cheyenne Corporation has...
Whispering Winds Corp, has 8,700 shar is paid on December 31 es of common stock outstanding, it declares a $4 per share cash dividend on November 1 to stockholders of record on December 1. The dividend Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend.(Credit occount titles ore automatically indented when amount is entered. Do not and journal entries in the order presented in the problem f no entry is required, select"No...
ASSIG RESOu Brief Exercise 11-5 Grouper Corp. has 7,700 shares of common stock outstanding Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. (Credit account titles are automatically indented when amount is entered. Do not indent t declares a $5 per share cash dividend on November 1 to stoc nolders of record on December·me dividend Spaid on December a Pre Cla Ch manually. Record journal entries in the order presented in the...
Sunland Company has 57,000 shares of $11 par value common stock outstanding. It declares a 13% stock dividend on December 1 when the market price per share is $17. 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 required, select "No...
Sheffeld Corporation has 50,000 shares of 611 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $19. The dividend shares are issued on December 31. Prepare the entries for the deciaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. Creditr account titles are automatically indented whem amount is entered. Do not indent manually. If no entry is required, select "No...
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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