Date | Account Description | Debit | Credit |
15-Jan | Dividend | 24,200.00 | |
To Dividend Payable | 24,200.00 | ||
Being Common Stock Dividend *0.4 per share declared) | |||
15-Feb | Dividend Payable | 24,200.00 | |
To cash | 24,200.00 | ||
(Being Dividend Paid) | |||
15-Apr | Retained Earnings | 72,600.00 | |
Paid in Capital in Excess of Par | 12,100.00 | ||
To Stock Dividend Distributable | 60,500.00 | ||
(Being 10% Stock Dividend declared) | |||
15-May | Paid in Capital in Excess of Par | 12,100.00 | |
To Common Stock | 12,100.00 | ||
(Being Common Stock Issued) | |||
1-Dec | Dividend | 33,275.00 | |
To Dividend Payable | 33,275.00 | ||
Being Common Stock Dividend *0.5 per share declared) | |||
31-Dec | Dividend Payable | 33,275.00 | |
To cash | 33,275.00 | ||
(Being Dividend Paid) |
Problem 11-8A (Part Level Submission) On January 1, 2017, Cheyenne Corp, had these stocknolders equity accounts...
Problem 11-8A (Part Level Submission) On January 1, 2017, Bridgeport Corp. had these stockholders' equity accounts. Common Stock ($10 par value, 67,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $670,000 516,500 665,000 During the year, the following transactions occurred Declared a $0.60 cash dividend per share to stockholders of record on January 31, payable February 15. Paid the dividend declared in January. Declared a 10% stock dividend to stockholders of record on April 30,...
Problem 11-08A (Part Level Submission) On January 1, 2022, Ayayai Corp. had these stockholders' equity accounts. Common Stock ($10 par value, 76,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $760,000 491,000 616,000 During the year, the following transactions occurred. Jan. 15 Feb. 15 Apr. 15 May 15 Dec. 1 Dec. 31 Declared a $0.50 cash dividend per share to stockholders of record on January 31, payable February 15. Paid the dividend declared in January....
Problem 11-08A (Part Level Submission) On January 1, 2022, Indigo Corporation had these stockholders' equity accounts. Common Stock ($10 par value, 75,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $750,000 490,000 700,000 During the year, the following transactions occurred. Jan. 15 Feb. 15 Apr. 15 May 15 Dec. 1 Dec. 31 Declared a $0.60 cash dividend per share to stockholders of record on January 31, payable February 15. Paid the dividend declared in January....
Problem 11-2A (Part Level Submission) The stockholders' equity accounts of Indigo Corporation on January 1, 2017, were as follows. Preferred Stock (7%, $100 par noncumulative, 4,000 shares authorized) Common Stock ($5 stated value, 326,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (4,000 common shares) $240,000 1,358,333 12,000 521,600 711,000 32,000 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity....
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 13,000 shares authorized) Common Stock ($4 stated value, 780,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (13,000 common shares) $780,000 2,600,000 39,000 1,248,000 1,788,800 104,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders'...
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 13,000 shares authorized) Common Stock ($4 stated value, 780,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (13,000 common shares) $780,000 2,600,000 39,000 1,248,000 1,788,800 104,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders'...
Problem 11-2A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2017, were as follows. Preferred Stock (8%, $100 par noncumulative, 4,300 shares authorized) Common Stock ($3 stated value, 341,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (4,300 common shares) $258,000 852,500 12,900 545,600 687,500 34,400 During 2017, the corporation had the following transactions and events pertaining to its stockholders'...
Problem 11-4A (Part Level Submission) On January 1, 2019, Blue Spruce Corp. had the following stockholders' equity accounts. Common Stock ($24 par value, 64,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,536,000 204,000 574,000 During the year, the following transactions occurred Declared a $3 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February Announced a 2-for-1 stock split. Prior to the split, the...
re P11-8A On January 1, 2017, Tacoma Corporation had these stockholders' equity accounts Common Stock ($10 par value, 70,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $700,000 500,000 620,000 During the year, the following transactions occurred. Comprehensive Account Declared a $0.50 cash dividend per share to stockholders of record on January 31, payable February 15. Jan. 15 Feb. 15 Paid the dividend declared in January Apr. 15 Declared a 10% stock dividend to stockholders...
On January 1, 2019, Blue Spruce Corp. had the following stockholders' equity accounts. Common Stock ($14 par value, 77,300 shares issued and outstanding) $1,082,200 Paid-in Capital in Excess of Par Value-Common Stock 203,000 Retained Earnings 581,000 During the year, the following transactions occurred. Jan. 15 Declared a $1.12 cash dividend per share to stockholders of record on January 31, payable February 15. Feb. 15 Paid the dividend declared in January. Apr. 15 Declared a 5% stock dividend to stockholders of...