Homework Answers
| Ans | |||
| 1 | Journal Entries | ||
| Date | Descriptions | Debit | Credit |
| 10-Jan | Common Stock Account | $ 40,000 | |
| paid in capital Account($11*4000) | $ 4,40,000 | ||
| Cash Account | $ 4,80,000 | ||
| 02-Mar | Proposed Dividend | $ 2,40,000 | |
| Divided Payable ($1.5*(200000-40000)) | $ 2,40,000 | ||
| 31-Mar | Divided Payable | $ 3,00,000 | |
| Cash | $ 3,00,000 | ||
| 11-Nov | Cash | $ 3,12,000 | |
| Common Stock Account | $ 24,000 | ||
| paid in capital Account (24000*$12) | $ 2,88,000 | ||
| 25-Nov | Cash | $ 1,52,000 | |
| Common Stock Account | $ 16,000 | ||
| paid in capital Account (16000*$8.5) | $ 1,36,000 | ||
| 01-Dec | Proposed Dividend | $ 5,00,000 | |
| Divided Payable ($2.5*200000) | $ 5,00,000 | ||
| 31-Dec | Profit & Loss account | $ 10,72,000 | |
| Retained Earning | $ 10,72,000 |
| Ans | |||
| 2 | Statement of Retained Earning | ||
| Description | Amount | ||
| Retained Earning as on 31 Dec 2018 | $ 21,60,000.00 | ||
| Add: Retained Earning as on 31 Dec 2019 | $ 10,72,000.00 | ||
| Less: Dividend proposed on 2 march | $ (2,40,000.00) | ||
| Less: Dividend proposed on 1 Dec | $ (5,00,000.00) | ||
| Net Retained Earning as on 31 Dec 2019 | $ 24,92,000.00 | ||
| 3 | Shareholders Equity Section | ||
| Description | Amount | Amount | |
| Common Stock $1 par value 320000 shares authorized 200000 share issued and outstanding | $ 2,00,000 | ||
| Paid up in exess of par value as on 31 Dec 2018 | $ 14,00,000 | ||
| less:Excess paid back on Share purchased on 10 Jan | $ (4,40,000) | ||
| Add:Excess received on Share sold on 11 nov | $ 2,88,000 | ||
| Add:Excess received on Share sold on 25 nov | $ 1,36,000 | ||
| Paid up in exess of par value as on 31 Dec 2019 | $ 13,84,000 | ||
| Retained Earning as on 31 Dec 2019 | $ 24,92,000 | ||
| Toal Shareholders Equity as on 31 Dec 2019 | $ 40,76,000 |
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Balthus Corp. reports the following com ports the following components of stockholders' equity at December 31,...
Cash dividends, treasury stock, and statement of retained earings Balthus Corp. reports the following components of...
Cash dividends, treasury stock, and statement of retained earings Balthus Corp. reports the following components of stockholders' equity on December 31, 2015 Common stock si per values, 320,000 hores author tred, 200,000 sher e d and outstandes......... Paid in capital in exces of purva, como sock Retained mig... Tocal stockholders' equity $ 200,000 1,400,000 2,160,000 $3,760.000 It completed the following transactions related to stockholders' equity in year 2016: Jan. 10 Purchased 40,000 shares of its own stock at $12 cash...
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018.
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$10 par value, 100,000 shares authorized,45,000 shares issued and outstanding$450,000Paid-in capital in excess of par value, common stock80,000Retained earnings430,000Total stockholders' equity$960,000 During 2019, the following transactions affected its stockholders’ equity accounts. Jan.2Purchased 5,000 shares of its own stock at $25 cash per share.Jan.5Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record.Feb.28Paid the dividend declared on January 5.July6Sold 1,875 of...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. $ 1.125,000 Common...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. $ 1.125,000 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 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...
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...
NAME CLASS Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common...
NAME CLASS Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$10 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 $400,000 60,000 270,000 $730,000 During 2019, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 4,000 shares of its own stock at $20 cash per share. Jan. 5 Directors declared a $2 per share cash dividend payable...
NEED HELP ASA P Kohler Corporation reports the following components of stockholders’ equity at December 31,...
NEED HELP ASA P 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 70,000 Retained earnings 430,000 Total stockholders' equity $ 1,175,000 During 2019, the following transactions affected its stockholders’ equity accounts. Jan. 2 Purchased 6,000 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $2 per...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 3.34 points Common...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 3.34 points Common stock-$10 par value, 1ee, eee shares authorized, 5e,eee shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ See, ce 89, eee 43e, eee $1,818,eee BOOK During 2019, the following transactions affected its stockholders' equity accounts. Jan. Jan. Feb. July Aug. Sept. Oct. Dec. 2 Purchased 4,5ee shares of its own stock at $25 cash...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$25 par...
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...
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—$15 par...
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...
Cash dividends, treasury stock, and statement of retained earings Balthus Corp. reports the following components of stockholders' equity on December 31, 2015 Common stock si per values, 320,000 hores author tred, 200,000 sher e d and outstandes......... Paid in capital in exces of purva, como sock Retained mig... Tocal stockholders' equity $ 200,000 1,400,000 2,160,000 $3,760.000 It completed the following transactions related to stockholders' equity in year 2016: Jan. 10 Purchased 40,000 shares of its own stock at $12 cash...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. $ 1.125,000 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 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...
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...
NAME CLASS Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$10 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 $400,000 60,000 270,000 $730,000 During 2019, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 4,000 shares of its own stock at $20 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 3.34 points Common stock-$10 par value, 1ee, eee shares authorized, 5e,eee shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ See, ce 89, eee 43e, eee $1,818,eee BOOK During 2019, the following transactions affected its stockholders' equity accounts. Jan. Jan. Feb. July Aug. Sept. Oct. Dec. 2 Purchased 4,5ee shares of its own stock at $25 cash...
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...
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