1)
Date | Account titles and explanation | Debit | Credit |
Jan 2 | Treasury stock (5500*$20) | $110000 | |
Cash | $110000 | ||
(To record treasury stock purchased) | |||
Jan 5 | Retained earnings | $198000 | |
Common dividend payable (55000-5500)*$4 | $198000 | ||
(To record cash dividend declared) | |||
Feb 28 | Common dividend payable | $198000 | |
Cash | $198000 | ||
(To record cash dividend paid) | |||
Jul 6 | Cash (2063*$24) | $49512 | |
Treasury stock (2063*$20) | $41260 | ||
Paid in capital from sale of Treasury stock (49512-41260) | $8252 | ||
(To record treasury stock sold) | |||
Aug 22 | Cash (3437*$17) | $58429 | |
Paid in capital from sale of Treasury stock | $8252 | ||
Retained earnings (68740-58429-8252) | $2059 | ||
Treasury stock (3437*$20) | $68740 | ||
(To record treasury stock sold) | |||
Sep 5 | Retained earnings | $220000 | |
Common dividend payable (55000-5500+2063+3437)*$4 | $220000 | ||
(To record cash dividend declared) | |||
Oct 28 | Common dividend payable | $220000 | |
Cash | $220000 | ||
(To record cash dividend paid) | |||
Dec 31 | Income summary | $368000 | |
Retained earnings | $368000 | ||
(To record net transferred to retained earnings) |
2)
KOHLER CORPORATION | |
Statement of retained earnings | |
For the year ended December 31, 2019 | |
Beginning retained earnings | $400000 |
Add: Net income | 368000 |
768000 | |
Less: Cash dividend (198000+220000) | -418000 |
Less: Treasury stock | -2059 |
Ending retained earnings | $347941 |
3)
KOHLER CORPORATION | |
Statement of Stockholders' Equity Section | |
December 31, 2019 | |
Common stock—$20 par value | $1100000 |
Paid-in capital in excess of par value, Common stock | 80000 |
Total contributed capital | 1180000 |
Retained earnings | 347941 |
Total stockholders' equity | $1527941 |
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$20 par...
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$20 par value, 100,000 shares authorized, 50,000 shares issued and outstanding $ 1,000,000 Paid-in capital in excess of par value, common stock 60,000 Retained earnings 430,000 Total stockholders' equity $ 1,490,000 During 2019, the following transactions affected its stockholders’ equity accounts. Jan. 2 Purchased 5,500 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $6 per share cash dividend payable...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$20 par value, lee, 800 shares authorized, 55,eee shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,180,800 70,000 370,00 $1,540, eee During 2019, the following transactions affected its stockholders' equity accounts. Jan. Jan. Feb. July Aug. Sept. Oct. Dec. 2 Purchased 5,580 shares of its own stock at $15 cash per share. 5 Directors declared a...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 Common stock-$20 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 $ 800,000 80,000 400,000 $1,280,000 During 2019, the following transactions affected its stockholders' equity accounts. Jan. Jan. Feb. July Aug. Sept. Oct. Dec. 2 Purchased 5,500 shares of its own stock at $15 cash per share. 5 Directors declared a $4...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$25 par value, 100,000 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,125,000 60,000 430,000 $1,615,000 During 2019, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 4,500 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $6 per share cash dividend payable on February...
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$15 par value, 100,000 shares authorized, 45,000 shares issued and outstanding $ 675,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 430,000 Total stockholders' equity $ 1,185,000 During 2019, the following transactions affected its stockholders’ equity accounts. Jan. 2 Purchased 5,000 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a $6 per share cash dividend payable...
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. 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 During 2019, the following transactions affected its stockholders’ equity accounts. Jan. 2 Purchased 4,500 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$10 par value, 100,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500,000 80,000 400,000 $ 980,000 During 2019, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 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 at December 31, 2018. Common stock—$10 par value, 100,000 shares authorized, 50,000 shares issued and outstanding $ 500,000 Paid-in capital in excess of par value, common stock 70,000 Retained earnings 430,000 Total stockholders' equity $ 1,000,000 During 2019, the following transactions affected its stockholders’ equity accounts. Jan. 2 Purchased 4,000 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a $6 per share cash dividend payable...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 Common stock-515 par value, 100,000 shares authorized, 50,000 shares issued and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 750,000 79.000 400,000 $1,220,000 During 2019, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 4,000 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a $2 per share cash dividend payable...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$15 par value, 100,000 shares authorized, 55,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings 825,000 70,000 370,000 $1,265,000 Total stockholders' equity During 2019, the following transactions affected its stockholders' equity accounts. 2 Purchased 4,000 shares of its own stock at $25 cash per share. 5 Directors declared a $6 per share cash dividend payable on February 28 to...