Accounting Homework Help
[The following information applies to the questions displayed below.]
The annual report for Malibu Beachwear reported the following transactions affecting stockholders’ equity:
Purchased $351,700 of common stock now held in treasury.
Declared cash dividends in the amount of $260,850.
Paid the dividends in (b).
Issued 117,000 new shares of $0.10 par value common shares for $2 per share.
Closed the Dividends account.
Prepare journal entries to record each of these events. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Record the purchase of $351,700 common stock now held in treasury.
Record the cash dividends declared in the amount of $260,850.
Record the payment of the dividend.
Record the issue of 117,000 new shares of $0.10 par value, for $2 per share.
Record the entry to close Dividends account.
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Quiz 10 Accounting 220 Name: 1. The annual report for Malibu Beachwear reported the following transactions...
Quiz 10 Accounting 220 Name: 1. The annual report for Malibu Beachwear reported the following transactions affecting stockholder's equity: Purchased $350,000 of common stock now held in treasury a. b. Declared cash dividends in the amount of $260,000. Paid the dividends in (b). C. d. Issued 100,000 new shares of $0.10 par value common shares for $2 per share. Closed the Dividends account. e. 2. Prepare journal entries to record each of these events.
the annual report for Malibu Beachwear reported the following [The following information applies to the questions d...
the annual report for Malibu Beachwear reported the
following
[The following information applies to the questions displayed below.) The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $350 200 of common stock now held in treasury b. Declared cash dividends in the amount of $260.100. c. Pald the dividends in (b). d. Issued 102.000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account 15. 0.50 points...
Required information [The following information applies to the questions displayed below.] The annual report for Malibu...
Required information [The following information applies to the questions displayed below.] The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity a. Purchased $351,300 of common stock now held in treasury. b. Declared cash dividends in the amount of $260.650. c. Paid the dividends in (b). d. Issued 113.000 new shares of $0.10 par value common shares for $2 per share. e Closed the Dividends account. 3. Prepare a statement of stockholders' equity, assuming the following opening...
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Record the issuance of 61,000 additional shares of $1 par value common stock for $58 per...
Record the issuance of 61,000 additional shares of $1 par value
common stock for $58 per share.
Record the purchase of 5,600 shares of treasury stock for $61
per share.
Record the declaration of a cash dividend of $1.80 per share to
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paid on treasury stock.)
Record payment of the cash dividend declared on June 1.
Record the resale of 2,800 shares of treasury stock purchased
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5 required entries: 1. Record the issuance of 46,000 additional shares of $1 par value common...
5 required entries:
1. Record the issuance of 46,000 additional shares of $1 par
value common stock for $43 per share.
2. Record the purchase of 4,100 shares of treasury stock for $46
per share.
3. Record the declaration of a cash dividend of $1.05 per share
to all stockholders of record on June 15.
4. Record payment of the cash dividend declared on June 1.
5. Record the resale of 2,050 shares of treasury stock purchased
on May 10...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equity in 2021. March 1 Issues 65,000 additional shares of $1 par value common stock for $62 per share. May 10 Purchases 6,000 shares of treasury stock for $65 per share. June 1 Declares a cash dividend of $2.00 per share to all...
A B and C please 8 Required information The following information applies to the questions displayed...
A B and C please
8 Required information The following information applies to the questions displayed below Worldwide Company obtained a charter from the state in January that authorized 200,000 shares of common stock, $10 par value. During the first year, the company earned $37,700, declared no dividends and the following selected transactions occurred in the order given: Com Part 2 of 10 points a. Issued 55,000 shares of the common stock at $12 cash per share. b. Reacquired 1,500...
Quiz 10 Accounting 220 Name: 1. The annual report for Malibu Beachwear reported the following transactions affecting stockholder's equity: Purchased $350,000 of common stock now held in treasury a. b. Declared cash dividends in the amount of $260,000. Paid the dividends in (b). C. d. Issued 100,000 new shares of $0.10 par value common shares for $2 per share. Closed the Dividends account. e. 2. Prepare journal entries to record each of these events.
the annual report for Malibu Beachwear reported the
following
[The following information applies to the questions displayed below.) The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $350 200 of common stock now held in treasury b. Declared cash dividends in the amount of $260.100. c. Pald the dividends in (b). d. Issued 102.000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account 15. 0.50 points...
Required information [The following information applies to the questions displayed below.] The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity a. Purchased $351,300 of common stock now held in treasury. b. Declared cash dividends in the amount of $260.650. c. Paid the dividends in (b). d. Issued 113.000 new shares of $0.10 par value common shares for $2 per share. e Closed the Dividends account. 3. Prepare a statement of stockholders' equity, assuming the following opening...
OWV2... Get Homework... Sociology and cl... Pro-environmen... Climate Change... Individual Behav... BL Calculator Selected stock Transactions The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year: Preferred 2% Stock, $150 par (80,000 shares authorized, 40,000 shares issued) $6,000,000 Paid-In Capital in Excess of Par-Preferred Stock 1,200,000 Common Stock, $25 par (500,000 shares authorized, 230,000 shares issued) 5,750,000 Paid-In Capital in Excess of Par-Common Stock 750,000 Retained Earnings 29,044,000 During the year,...
Help Save & Eu Check my A company designs and produces a line of golf equipment and golf apparel. The company has 100,000 shares of common stock outstanding as of the beginning of Year 1. The company has the following transactions affecting stockholders' equity in Year 1 March 1 Issues 46,000 additional shares of $1 par value common stock for 543 per share May 10 Purchases 4.100 shares of treasury stock for $46 per share. June 1 Declares a cash...
Record the issuance of 61,000 additional shares of $1 par value
common stock for $58 per share.
Record the purchase of 5,600 shares of treasury stock for $61
per share.
Record the declaration of a cash dividend of $1.80 per share to
all stockholders of record on June 15. (Hint: Dividends are not
paid on treasury stock.)
Record payment of the cash dividend declared on June 1.
Record the resale of 2,800 shares of treasury stock purchased
on May 10...
2 Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equity in 2021. 1 Issues 59,000 additional shares of $1 par value common stock for $56 per share. 10 Purchases 5,400 shares of treasury stock for $59 per share 1 Declares a cash dividend of $1.70 per share to all stockholders of...
5 required entries:
1. Record the issuance of 46,000 additional shares of $1 par
value common stock for $43 per share.
2. Record the purchase of 4,100 shares of treasury stock for $46
per share.
3. Record the declaration of a cash dividend of $1.05 per share
to all stockholders of record on June 15.
4. Record payment of the cash dividend declared on June 1.
5. Record the resale of 2,050 shares of treasury stock purchased
on May 10...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equity in 2021. March 1 Issues 65,000 additional shares of $1 par value common stock for $62 per share. May 10 Purchases 6,000 shares of treasury stock for $65 per share. June 1 Declares a cash dividend of $2.00 per share to all...
A B and C please
8 Required information The following information applies to the questions displayed below Worldwide Company obtained a charter from the state in January that authorized 200,000 shares of common stock, $10 par value. During the first year, the company earned $37,700, declared no dividends and the following selected transactions occurred in the order given: Com Part 2 of 10 points a. Issued 55,000 shares of the common stock at $12 cash per share. b. Reacquired 1,500...
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