Homework Answers
| 1 | ||||
| Date | General Journal | Debit | Credit | |
| 1-Jan | Treasury stock, Common | 125,000 | =5000*25 | |
| Cash | 125,000 | |||
| 5-Jan | Retained earnings | 80,000 | =(45000-5000)*2 | |
| Common dividend payable | 80,000 | |||
| 28-Feb | Common dividend payable | 80,000 | ||
| Cash | 80,000 | |||
| 6-Jul | Cash | 54,375 | =1875*29 | |
| Treasury stock, Common | 46,875 | =1875*25 | ||
| Paid-in capital, Treasury stock | 7,500 | |||
| 22-Aug | Cash | 68,750 | =3125*22 | |
| Paid-in capital, Treasury stock | 7,500 | |||
| Retained earnings | 1,875 | |||
| Treasury stock, Common | 78,125 | =3125*25 | ||
| 5-Sep | Retained earnings | 90,000 | =45000*2 | |
| Common dividend payable | 90,000 | |||
| 28-Oct | Common dividend payable | 90,000 | ||
| Cash | 90,000 | |||
| 31-Dec | Income summary | 408,000 | ||
| Retained earnings | 408,000 | |||
| 2 | ||||
| KOHLER CORPORATION | ||||
| Statement of Retained Earnings | ||||
| For Year Ended December 31, 2019 | ||||
| Retained earnings, Dec. 31, 2018 | 370,000 | |||
| Add: Net income | 408,000 | |||
| 778,000 | ||||
| Less: Cash dividends declared | (170,000) | |||
| Less: Treasury stock reissuances | (1,875) | |||
| Retained earnings, Dec. 31, 2019 | 606,125 | |||
| 3 | ||||
| KOHLER CORPORATION | ||||
| Stockholders' Equity Section of the Balance Sheet | ||||
| December 31, 2019 | ||||
| Common stock - $20 par value | 900,000 | |||
| Paid-in capital in excess of par value, common stock | 70,000 | |||
| Total contributed capital | 970,000 | |||
| Retained earnings | 606,125 | |||
| Total stockholders' equity | 1,576,125 | |||
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nnect Homework: Chapter 11 2 Purchased 5,000 shares of its own stock at $25 cash per...
Connect Homework: Chapter 11i 5 2 Purchased 5,000 shares of its own stock at $25 cash...
Connect Homework: Chapter 11i 5 2 Purchased 5,000 shares of its own stock at $25 cash per share 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. Jan Jan 28 Paid the dividend declared on January 5. 6 Sold 1,875 of its treasury shares at $29 cash per share 22 Sold 3,125 of its treasury shares at $22 cash per share 5 Directors declared a $2 per share cash...
Problem 11-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler...
Problem 11-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$20 par value, 100,000 shares authorized, 55,000 shares issued and outstanding $ 1,100,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 400,000 Total stockholders' equity $ 1,580,000 During 2019, the following transactions affected its stockholders’ equity accounts. Jan. 2 Purchased 5,000 shares of its own stock at...
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...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2016: Common stock—$25 par...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2016: Common stock—$25 par value, 100,000 shares authorized, 40,000 shares issued and outstanding $ 1,000,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 460,000 Total stockholders' equity $ 1,540,000 In year 2017, the following transactions affected its stockholders’ equity accounts. Jan. 1 Purchased 5,000 shares of its own stock at $20 cash per share. Jan. 5 Directors declared a $2 per share cash dividend...
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, 180,0e0 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 675,000 80,000 400,000 $1,155,000 Total stockholders' equity ed During 2019, the following transactions affected its stockholders' equity accounts. 2 Purchased 5,000 shares of its own stock at $15 cash per share. 5 Directors declared a $4 per share cash dividend payable on February...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2016: Common stock—$15 par...
Kohler Corporation reports the following components of
stockholders’ equity on December 31, 2016:
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
In year 2017, the following transactions affected its stockholders’
equity accounts.
Jan.
1
Purchased 5,000 shares of its own stock at $20 cash per
share.
Jan.
5
Directors declared a $4 per share cash dividend...
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...
NO EXPLANATION NEEDED, please, just solve everything, would be greatly appreciated (thumbs up)! :) Problem 13-2A...
NO EXPLANATION NEEDED, please, just solve
everything, would be greatly appreciated (thumbs up)!
:)
Problem 13-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$15 par value, 100,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 900,000 60,000 370,000 $1,330,000 During 2019, the following transactions affected its...
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-$10 par...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$10 par value, 100,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500,000 80,000 400,000 $ 980,000 During 2019, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable...
Connect Homework: Chapter 11i 5 2 Purchased 5,000 shares of its own stock at $25 cash per share 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. Jan Jan 28 Paid the dividend declared on January 5. 6 Sold 1,875 of its treasury shares at $29 cash per share 22 Sold 3,125 of its treasury shares at $22 cash per share 5 Directors declared a $2 per share cash...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$15 par value, 180,0e0 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 675,000 80,000 400,000 $1,155,000 Total stockholders' equity ed During 2019, the following transactions affected its stockholders' equity accounts. 2 Purchased 5,000 shares of its own stock at $15 cash per share. 5 Directors declared a $4 per share cash dividend payable on February...
Kohler Corporation reports the following components of
stockholders’ equity on December 31, 2016:
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
In year 2017, the following transactions affected its stockholders’
equity accounts.
Jan.
1
Purchased 5,000 shares of its own stock at $20 cash per
share.
Jan.
5
Directors declared a $4 per share cash dividend...
NO EXPLANATION NEEDED, please, just solve
everything, would be greatly appreciated (thumbs up)!
:)
Problem 13-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$15 par value, 100,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 900,000 60,000 370,000 $1,330,000 During 2019, the following transactions affected its...
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-$10 par value, 100,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500,000 80,000 400,000 $ 980,000 During 2019, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable...
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