Homework Answers
Solution
Requirement 1
i.e; There are 391500 shares
of common stock after the dividend
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Now journalize the distribution of the stock dividend. Date Accounts and Explanation Debit Credit Jul. 30...
Self- Defense Schools, Inc. is authorized to issue 200,000 shares of $4 par common stock. The...
Self- Defense Schools, Inc. is authorized to issue 200,000 shares of $4 par common stock. The company issued 73,000 shares at $6 per share. When the market price of common stock was $8 per share. Self-Defense declared and distributed a 10% stock dividend. Later. Self-Defense declared and paid a $0.60 per share cash dividend Read the requirements Requirement 1. Journalize the declaration and the distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last...
Nelly, Inc. had 320,000 shares of 2 per value common stock und and standing of December...
Nelly, Inc. had 320,000 shares of 2 per value common stock und and standing of December 15, 2018. The company in the towe 1.300.000 shares on December 15, 2018 Nelly declared to divided when the market value for Nelly's common stock wa 37 per share. The stock was issued on Dec. 30 Read the girements Requirement Joumate the declaration and Garbution of the weddend. (Record debts to the credite Select the ention on the last line of the journal entry)...
Supreme Water Sports has 12,000 shares of $3 par value common stock outstanding. Supreme distributes a...
Supreme Water Sports has 12,000 shares of $3 par value common stock outstanding. Supreme distributes a 15% stock dividend when the market value of its stock is $18 per share Read the requiremegts. Requirement 1. Journalize Supreme's declaration of the stock dividend on September 15 and distribution on September 30. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Start by journalizing the declaration of 1 0 Requirements Date Sep. 15 1....
21000 Requirement of content Dute Accounts and pain Det Oreo Martial Arts Schools, Inc. is authorized...
21000 Requirement of content Dute Accounts and pain Det Oreo Martial Arts Schools, Inc. is authorized to issue 200,000 shares of $1 par common stock. The company issued 75,000 shares at $5 per share. When the market price of common stock was $8 per share, Martial Arts declared and distributed a 14% stock dividend. Later, Martial Arts declared and paid a $0.80 per share cash dividend. Read the requirements common STOCK DIVend Disuude Z1000 Common Stock-S1 Par Value 21000 Issued...
Fitness Schools, Inc. is wuthorized to sue 200.000 shares of common stock. The company issued 74,000...
Fitness Schools, Inc. is wuthorized to sue 200.000 shares of common stock. The company issued 74,000 shares per share. When the market price of common stock was a persham, Fress declared and did 10 dividend. Later, Fitness declared and paid a $0.50 per share cash dividend. Read the requirements Requirement 1. Joumalize the declaration and the debution of the dock vitend. (ecord debts fast, then credia. Select the explanation on the last fine of the joumal entry table) First, journaline...
Fitness School, Inc. is authorized to issue 200,000 shares of porcommon stock. The company med 74,000...
Fitness School, Inc. is authorized to issue 200,000 shares of porcommon stock. The company med 74,000 shares of 36 per share. When the price of common stock was 18 per here te declared and disreda 10 dividend. Later Fitness declared and paid a 50 per share cash dividend Read the requirements Requirement 1. Jumatra decoration and the distribution of the stock dividend Record debits first, then refered the pation on the lastne of the marrie First journal the decision of...
Martial Arts Schools, Inc. is authorized to issue 200,000 shares of $1 par common stock. The...
Martial Arts Schools, Inc. is authorized to issue 200,000 shares of $1 par common stock. The company issued 75,000 shares at $6 per share. When the market price of common stock was $8 per share, Martial Arts declared and distributed a 14% stock dividend. Later, Martial Arts declared and paid a $0.80 per share cash dividend Read the requirements Common SIOUX LIVIDEN IS Date 2 IUUU Common Stock-$1 Par Value 21000 Issued 14% stock dividend Requirement 2. Journalize the declaration...
Please answer in similar format. 8. On July 1, Hagino Corporation declared a $2.00 per share...
Please answer in similar format.
8. On July 1, Hagino Corporation declared a $2.00 per share cash dividend on its common stock (25,000 shares) for stockholders on record as of July 15. Hagino paid the dividend on July 31. Journalize the entries declaring the cash dividend and paying the dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Journalize the entry declaring the cash dividend Date Accounts and Explanation Debit Credit...
Nelly, Inc. had 320,000 shares of 32 per value common stock wed and standing of December...
Nelly, Inc. had 320,000 shares of 32 per value common stock wed and standing of December 15, 2018. The company is authored to be 100.000. On December 18, 2018 yos the market value for Noly's common stock was 17 per share. The stock was wed on Dec. 30 Read the rements Requirement 1. Joumate the declaration and distribution of the stock dividend. (Record debitis first, then credits Select the explanation on the last line of the journal entry table) Start...
On January 1, 2020, Crane Corporation had the following stockholders' equity accounts. Common Stock ($26 par...
On January 1, 2020, Crane Corporation had the following stockholders' equity accounts. Common Stock ($26 par value, 50,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,300,000 194,000 619,000 During the year, the following transactions occurred. Feb. 1 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the...
Self- Defense Schools, Inc. is authorized to issue 200,000 shares of $4 par common stock. The company issued 73,000 shares at $6 per share. When the market price of common stock was $8 per share. Self-Defense declared and distributed a 10% stock dividend. Later. Self-Defense declared and paid a $0.60 per share cash dividend Read the requirements Requirement 1. Journalize the declaration and the distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last...
Nelly, Inc. had 320,000 shares of 2 per value common stock und and standing of December 15, 2018. The company in the towe 1.300.000 shares on December 15, 2018 Nelly declared to divided when the market value for Nelly's common stock wa 37 per share. The stock was issued on Dec. 30 Read the girements Requirement Joumate the declaration and Garbution of the weddend. (Record debts to the credite Select the ention on the last line of the journal entry)...
Supreme Water Sports has 12,000 shares of $3 par value common stock outstanding. Supreme distributes a 15% stock dividend when the market value of its stock is $18 per share Read the requiremegts. Requirement 1. Journalize Supreme's declaration of the stock dividend on September 15 and distribution on September 30. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Start by journalizing the declaration of 1 0 Requirements Date Sep. 15 1....
21000 Requirement of content Dute Accounts and pain Det Oreo Martial Arts Schools, Inc. is authorized to issue 200,000 shares of $1 par common stock. The company issued 75,000 shares at $5 per share. When the market price of common stock was $8 per share, Martial Arts declared and distributed a 14% stock dividend. Later, Martial Arts declared and paid a $0.80 per share cash dividend. Read the requirements common STOCK DIVend Disuude Z1000 Common Stock-S1 Par Value 21000 Issued...
Fitness Schools, Inc. is wuthorized to sue 200.000 shares of common stock. The company issued 74,000 shares per share. When the market price of common stock was a persham, Fress declared and did 10 dividend. Later, Fitness declared and paid a $0.50 per share cash dividend. Read the requirements Requirement 1. Joumalize the declaration and the debution of the dock vitend. (ecord debts fast, then credia. Select the explanation on the last fine of the joumal entry table) First, journaline...
Fitness School, Inc. is authorized to issue 200,000 shares of porcommon stock. The company med 74,000 shares of 36 per share. When the price of common stock was 18 per here te declared and disreda 10 dividend. Later Fitness declared and paid a 50 per share cash dividend Read the requirements Requirement 1. Jumatra decoration and the distribution of the stock dividend Record debits first, then refered the pation on the lastne of the marrie First journal the decision of...
Martial Arts Schools, Inc. is authorized to issue 200,000 shares of $1 par common stock. The company issued 75,000 shares at $6 per share. When the market price of common stock was $8 per share, Martial Arts declared and distributed a 14% stock dividend. Later, Martial Arts declared and paid a $0.80 per share cash dividend Read the requirements Common SIOUX LIVIDEN IS Date 2 IUUU Common Stock-$1 Par Value 21000 Issued 14% stock dividend Requirement 2. Journalize the declaration...
Please answer in similar format.
8. On July 1, Hagino Corporation declared a $2.00 per share cash dividend on its common stock (25,000 shares) for stockholders on record as of July 15. Hagino paid the dividend on July 31. Journalize the entries declaring the cash dividend and paying the dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Journalize the entry declaring the cash dividend Date Accounts and Explanation Debit Credit...
Nelly, Inc. had 320,000 shares of 32 per value common stock wed and standing of December 15, 2018. The company is authored to be 100.000. On December 18, 2018 yos the market value for Noly's common stock was 17 per share. The stock was wed on Dec. 30 Read the rements Requirement 1. Joumate the declaration and distribution of the stock dividend. (Record debitis first, then credits Select the explanation on the last line of the journal entry table) Start...
On January 1, 2020, Crane Corporation had the following stockholders' equity accounts. Common Stock ($26 par value, 50,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,300,000 194,000 619,000 During the year, the following transactions occurred. Feb. 1 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the...
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