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fill the spot in red and show how to calculate the answer.
Thanks!
Homework Answers
Dec31.
At the time of declaration of dividend.
Cash dividend (Retained earnings)......36000
Dividends payable. 36000
(7800+10200)x 4 x 6/12 =36000
(Being dividends declared)
At the time of payment.
Dividends payabale......36000
Cash 36000
Being dividend paid in cash
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Please
fill the spot in red and show how to calculate the answer.
Thanks!
Duffy Dog...
Please fill the spot in red and briefly explain how to get the answer. Thanks! Duffy...
Please fill the spot in red
and briefly explain how to get the answer. Thanks!
Duffy Dog Corporation, a publicly traded company, is authorized to issue 190,000 $4 cumulative preferred shares and an unlimited number of common shares. On January 1, 2018, the general ledger contained the following shareholders' equity accounts: Preferred shares (7,800 shares issued) $421,200 Common shares (77,000 shares issued) 1,078,000 Contributed surplus 23.100 Retained earnings 864,000 Accumulated other comprehensive income 10,100 The following equity transactions occurred in...
Please fill in the two red boxes, The answer was not 42000 and 6000 and they must go in those columns Sweetwater Corpora...
Please fill in the two red
boxes, The answer was not 42000 and 6000 and they must go in those
columns
Sweetwater Corporation, a publicly traded company, is authorized to issue 197,000 $4 cumulative preferred shares and an unlimited number of common shares. On January 1, 2018, the general ledger contained the following shareholders' equity accounts: Preferred shares (7,700 shares issued) $431,200 Common shares (68,600 shares issued) 960,400 Contributed surplus 22,800 Retained earnings 742,000 Accumulated other comprehensive income 9,800 The...
Richetti Corporation, a publicly traded company, is authorized to issue 219,000 $4 cumulative preferred shares and...
Richetti Corporation, a publicly traded company, is authorized to issue 219,000 $4 cumulative preferred shares and an unlimited number of common shares. On January 1, 2018, the general ledger contained the following shareholders' equity accounts: Preferred shares (8,600 shares issued) $473,000 Common shares (72,800 shares issued) 1,092,000 Contributed surplus 24,300 Retained earnings 788,000 Accumulated other comprehensive income 10,400 The following equity transactions occurred in 2018: Feb. 6 Issued 9,200 preferred shares for $561,200. Apr. 6 Issued 20,800 common shares for...
* Question 2 Duffy Dog Corporation, a publicly traded company, was organized on January 1, 2018....
* Question 2 Duffy Dog Corporation, a publicly traded company, was organized on January 1, 2018. It is authorized to issue an unlimited number of $3 noncumulative preferred shares and an unlimited number of common shares. The following share transactions were completed during the company's first year of operations: Jan. 10 Issued 1,020,000 common shares for $2 per share. Mar. 1 Issued 20,000 preferred shares for $50 per share. May 1 Issued 255,000 common shares for $3 per share. June...
Golden Valley Corporation, a publicly-traded company, is authorized to issue 206,000 $4 cumulative preferred shares and...
Golden Valley Corporation, a publicly-traded company, is
authorized to issue 206,000 $4 cumulative preferred shares and an
unlimited number of common shares. On January 1, 2018, the general
ledger contained the following shareholders’ equity accounts:
Record the above transactions, including any entries required to
close dividends and net income. (Credit account titles
are automatically indented when the amount is entered. Do not
indent manually. If no entry is required, select "No Entry" for the
account titles and enter 0 for...
On January 1, 2018, Duffy Dog Corporation had 76,000 common shares, recorded at $653,000, and retained...
On January 1, 2018, Duffy Dog Corporation had 76,000 common shares, recorded at $653,000, and retained earnings of $1,044,000. During the year, the following transactions occurred: Apr. 2 Issued 4,600 common shares at $20 per share. June 15 Declared a cash dividend of $0.35 per share to common shareholders of record on June 30, payable on July 10. Aug. 21 Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The shares were...
Please fill in the red boxes, above is the word bank we are provided for the...
Please fill in the red boxes, above is the word bank we are
provided for the dates and accounts
The general ledger of Golden Corporation, a publicly traded company, contained the following shareholders' equity accounts in 2018: January 1 December 31 Preferred shares (9,600 and 21,200 shares issued, respectively) $480,000 $1,060,000 Common shares (311,000 and 386,000 shares issued, respectively) 2,488,000 3,988,000 Stock dividends distributable 424,600 Retained earnings 2,716,000 3,026,400 A review of the accounting records for the year ended December...
Tarjee Corporation, a publicly traded company, was organized on January 1, 2018. It is authorized to...
Tarjee Corporation, a publicly traded company, was organized on January 1, 2018. It is authorized to issue an unlimited number of $3 noncumulative preferred shares and an unlimited number of common shares. The following share transactions were completed during the company's first year of operations: Jan. 10 Issued 1,000,000 common shares for $2 per share. Mar. 1 Issued 22,000 preferred shares for $50 per share. May 1 Issued 250,000 common shares for $3 per share. June 1 Reacquired and retired...
Current Attempt in Progress Aloue Corp., a publicly traded company, had 2,800 preferred shares issued with...
Current Attempt in Progress Aloue Corp., a publicly traded company, had 2,800 preferred shares issued with a balance of $58,800 and 127,000 common shares issued with a balance of $635,000 at the beginning of the year. The following share transactions occurred during the year: June Issued 49,500 common shares for $6 per share. 12 July Issued 1,000 preferred shares for $25 per share. 11 Oct. 1 Issued 9,400 common shares in exchange for land. The common shares were trading for...
Record the above transactions for 2018, including any entries required to close dividends declared and net...
Record the above transactions for 2018, including any entries
required to close dividends declared and net income to Retained
Earnings. (Credit account titles are automatically
indented when the amount is entered. Do not indent manually. If no
entry is required, select "No Entry" for the account titles and
enter 0 for the amounts.)
Transaction entries:
Problem 11-4A (Part Level Submission) On January 1, 2018, Tarjee Ltd., a private company, had the following shareholders' equity accounts: Preferred shares, $1 noncumulative, unlimited...
Please fill the spot in red
and briefly explain how to get the answer. Thanks!
Duffy Dog Corporation, a publicly traded company, is authorized to issue 190,000 $4 cumulative preferred shares and an unlimited number of common shares. On January 1, 2018, the general ledger contained the following shareholders' equity accounts: Preferred shares (7,800 shares issued) $421,200 Common shares (77,000 shares issued) 1,078,000 Contributed surplus 23.100 Retained earnings 864,000 Accumulated other comprehensive income 10,100 The following equity transactions occurred in...
Please fill in the two red
boxes, The answer was not 42000 and 6000 and they must go in those
columns
Sweetwater Corporation, a publicly traded company, is authorized to issue 197,000 $4 cumulative preferred shares and an unlimited number of common shares. On January 1, 2018, the general ledger contained the following shareholders' equity accounts: Preferred shares (7,700 shares issued) $431,200 Common shares (68,600 shares issued) 960,400 Contributed surplus 22,800 Retained earnings 742,000 Accumulated other comprehensive income 9,800 The...
Richetti Corporation, a publicly traded company, is authorized to issue 219,000 $4 cumulative preferred shares and an unlimited number of common shares. On January 1, 2018, the general ledger contained the following shareholders' equity accounts: Preferred shares (8,600 shares issued) $473,000 Common shares (72,800 shares issued) 1,092,000 Contributed surplus 24,300 Retained earnings 788,000 Accumulated other comprehensive income 10,400 The following equity transactions occurred in 2018: Feb. 6 Issued 9,200 preferred shares for $561,200. Apr. 6 Issued 20,800 common shares for...
* Question 2 Duffy Dog Corporation, a publicly traded company, was organized on January 1, 2018. It is authorized to issue an unlimited number of $3 noncumulative preferred shares and an unlimited number of common shares. The following share transactions were completed during the company's first year of operations: Jan. 10 Issued 1,020,000 common shares for $2 per share. Mar. 1 Issued 20,000 preferred shares for $50 per share. May 1 Issued 255,000 common shares for $3 per share. June...
Golden Valley Corporation, a publicly-traded company, is
authorized to issue 206,000 $4 cumulative preferred shares and an
unlimited number of common shares. On January 1, 2018, the general
ledger contained the following shareholders’ equity accounts:
Record the above transactions, including any entries required to
close dividends and net income. (Credit account titles
are automatically indented when the amount is entered. Do not
indent manually. If no entry is required, select "No Entry" for the
account titles and enter 0 for...
Please fill in the red boxes, above is the word bank we are
provided for the dates and accounts
The general ledger of Golden Corporation, a publicly traded company, contained the following shareholders' equity accounts in 2018: January 1 December 31 Preferred shares (9,600 and 21,200 shares issued, respectively) $480,000 $1,060,000 Common shares (311,000 and 386,000 shares issued, respectively) 2,488,000 3,988,000 Stock dividends distributable 424,600 Retained earnings 2,716,000 3,026,400 A review of the accounting records for the year ended December...
Tarjee Corporation, a publicly traded company, was organized on January 1, 2018. It is authorized to issue an unlimited number of $3 noncumulative preferred shares and an unlimited number of common shares. The following share transactions were completed during the company's first year of operations: Jan. 10 Issued 1,000,000 common shares for $2 per share. Mar. 1 Issued 22,000 preferred shares for $50 per share. May 1 Issued 250,000 common shares for $3 per share. June 1 Reacquired and retired...
Current Attempt in Progress Aloue Corp., a publicly traded company, had 2,800 preferred shares issued with a balance of $58,800 and 127,000 common shares issued with a balance of $635,000 at the beginning of the year. The following share transactions occurred during the year: June Issued 49,500 common shares for $6 per share. 12 July Issued 1,000 preferred shares for $25 per share. 11 Oct. 1 Issued 9,400 common shares in exchange for land. The common shares were trading for...
Record the above transactions for 2018, including any entries
required to close dividends declared and net income to Retained
Earnings. (Credit account titles are automatically
indented when the amount is entered. Do not indent manually. If no
entry is required, select "No Entry" for the account titles and
enter 0 for the amounts.)
Transaction entries:
Problem 11-4A (Part Level Submission) On January 1, 2018, Tarjee Ltd., a private company, had the following shareholders' equity accounts: Preferred shares, $1 noncumulative, unlimited...
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