5 | d. | Retained Earnings | 186000 | |
Dividend Payable -comm. | 186000 | |||
62000*3 | ||||
6 | b. | No Journal Entry | ||
(No entry is required on date of record) | ||||
7 | c. | Dividend Payable -comm. | 186000 | |
Cash | 186000 | |||
8 | b. | 124,000 Outstanding shares, $10 par value, $20 Market Value | ||
(62,000 shares x 2 = 124,000 shares ) | ||||
9 | d. | Income Summary | 500,000 | |
Retained Earnings | 500,000 | |||
10 | a. | Par Value | ||
A large stock dividend (generally over the 20-25% range) is accounted for at par value. |
$1,240,000 200,000 2,000,000 the the following information for questions 5-10. y 1, 2012 Be Corporation Med the fol...
On January 1, 2020, Blossom Corporation had the following stockholders’ equity accounts.Common Stock ($20 par value, 50,000 shares issued and outstanding)$1,000,000Paid-in Capital in Excess of Par—Common Stock190,000Retained Earnings550,000During the year, the following transactions occurred.Feb. 1Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1.Mar. 1Paid the dividend declared in February.Apr. 1Announced a 2-for-1 stock split. Prior to the split, the market price per share was $35.July 1Declared a 10% stock dividend to stockholders...
On January 1, 2020, Sheridan Corporation had the following stockholders' equity accounts. Common Stock ($22 par value, 53,500 shares issued and outstanding) $1,177,000 Paid-in Capital in Excess of Par-Common Stock 191,000Retained Earnings 631,000 During the year, the following transactions occurred. Feb. 1 Declared a 3 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 market price per share was $38. July 1 Declared a...
(The following information applies to the questions displayed below) Kohler Corporation reports the following components of stockholders' equity on December 31, 2015 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 In year 2016, the following transactions affected its stockholders' equity accounts. Jan. 1Purchased 4,000 shares of its own stock at $20 cash per share Jan 5...
P14-1B On January 1, 2012, Syed Corporation had the following stockholders' equity accounts. Common Stock ($5 par value, 200,000 shares issued and outstanding) $1,000,000 Paid-in Capital in Excess of Par-Common Stock 200,000 Retained Earnings 840,000 During the year, the following transactions occurred. Declared a $1 cash dividend per share to stockholders of record on January 31, payable February 15. Jan. 15 Feb. Paid the dividend declared in January. 15 Apr. 15 Declared a 10 % stock dividend to stockholders of...
Sava ment 0 Required information [The following information applies to the questions displayed below) Kohler Corporation reports the following components of stockholders' equity on December 31, 2015 Common stock-$25 par value, 100,000 shares authorized, 55,000 shares issued and outstanding $1,375,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 430,000 Total stockholders' equity $1,885,000 In year 2016, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 5,500 shares of its own stock at $20 cash...
On January 1, 2020, Pharoah Company had the following stockholders' equity accounts. Common Stock ($26 par value, 58,500 shares issued and outstanding) $1,521,000 Paid-in Capital in Excess of Par-Common Stock 192,000 Retained Earnings 622,000 During the year, the following transactions occurred. Feb. Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. Paid the dividend declared in February. Apr. Announced a 2-for-1 stock split. Prior to the split, the market price per...
On January 1, 2020, Wildhorse Corporation had the following stockholders’ equity accounts. Common Stock ($22 par value, 54,000 shares issued and outstanding) $1,188,000 Paid-in Capital in Excess of Par—Common Stock 199,000 Retained Earnings 626,000 During the year, the following transactions occurred. Feb. 1 Declared a $3 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...
Problem 14-01A - (Part Level Submission) (Video) On January 1, 2020, Wildhorse Corporation had the following stockholders' equity Common Stock (124 per value, 63,000 shares issued and outstanding) $1,512,000 Pald-in Capital in Bocess of Par-Common Stock 206,000 Retained Earnings 636,000 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-stock split....
On January 1, 2020, Cullumber Corporation had the following stockholders' equity accounts. Common Stock ($24 par value, 59,000 shares issued and outstanding) $1,416,000 Paid-in Capital in Excess of Par-Common Stock 197,000 Retained Earnings 559,000 During the year, the following transactions occurred. Feb. 1 Declared a $3 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...
On January 1, 2020, Carla Vista Corporation had the following stockholders’ equity accounts.Common Stock ($26 par value, 59,500 shares issued and outstanding)$1,547,000Paid-in Capital in Excess of Par—Common Stock191,000Retained Earnings564,000During the year, the following transactions occurred.Feb. 1Declared a $3 cash dividend per share to stockholders of record on February 15, payable March 1.Mar. 1Paid the dividend declared in February.Apr. 1Announced a 2-for-1 stock split. Prior to the split, the market price per share was $35.July 1Declared a 10% stock dividend to...