The following transactions and events affected its equity during the y.pdf

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The following transactions and events affected its equity during the year. January 5 Deelared a \$0,50 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. April.5 Declared a $0.50 per share eash dividend, date of record April 10. July 5 Declared a $0.50 per share canh dividend, date of record July 10 . July 31 Declared a 208 itock dividend when the stock's market value was $12 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.50 per share cash dividend, date of record oetober 10. Required: 1. How many common shares are outstanding on each cash dividend date? The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. April 5 Declared a $0 , 50 per ahare cash dividend, date of record April 10. July 5 Deelared a $0 , 50 per share eash dividend, date of record July 10. July 31 Declared a 20 s stock dividend when the stock's market value was \$12 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.50 per ahare cash dividend, date of record october 10. 2. What is the total dollar amount for each of the four cash dividends?.

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Required information [The following information applies to the questions displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. The following transactions and events affected its equity during the year. January 5 Declared a $0.60 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. April 5 Declared a $0.60 per share cash dividend, date of record April 10. July 5 Declared a $0.60 per share cash dividend, date of record July 10 . July 31 Declared a 20% stock dividend when the stock's market value was $12 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.60 per share cash dividend, date of record October 10. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend?.

Required information -The following information applies to the questio (58).pdf

info114

Sonya Jared opened a law office on July 1, 2022. On July 31, the balance sheet showed Cash $5,000, Accounts Receivable $1,500, Supplies $500, Equipment $6,000, Accounts Payable $4,200, and Owner's Capital $8,800. During August, the following transactions occurred. 1. Collected $1,200 of accounts receivable. 2. Paid $2.800 cash on accounts payable. 3. Recognized revenue of $7,500 of which $4,000 is collected in cash and the balance is due in September. 4. Purchased additional equipment for $2,000, paying $400 in cash and the balance on account. 5. Paid salaries $2.800, rent for August $900, and advertising expenses $400. 6. Withdrew $700 in cash for personal use. 7. Received $2,000 from Standard Federal Bank-money borrowed on a note payable. 8. Incurred utility expenses for month on account $270. Prepare a balance sheet at August 31. (List Assets in order of liquidity.) Prepare a balance sheet at August 31. (List Assets in order of liquidity.) SONYA JARED, ATTORNEY AT LAW Balance Sheet Assets $ $ Liabilities and Owner's Equity $.

Sonya Jared opened a law office on July 1 2022 On July 31.pdf

kshitiz77

The stockholders equity accounts of Miley Corporation on January 1, 2014, were as follows. Preferred Stock (7%, $100 par noncumulative, 5,000 shares authorized) = $300,000 Common Stock ($4 stated value, 300,000 shares authorized) =1,000,000 Paid-in Capital in Excess of Par Value Preferred Stock) =15,000 Paid-in Capital in Excess of Stated Value Common Stock = 480,000 Retained Earnings =710,000 Treasury Stock (5,000 common shares) = 40,000 During 2014, the corporation had the following transactions and events pertaining to its stockholders equity. Feb. 1 Issued 5,000 shares of common stock for $30,000. Mar. 20 Purchased 1,000 additional shares of common treasury stock at $7 per share. Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2014. Dec. 31 Determined that net income for the year was $280,000. Paid the dividend declared on December 1. I am trying to perform a tabular summary with beginning balances on Jan 1 2014 and am confused with the calculations.

The stockholders equity accounts of Miley Corporation on January 1- 20.pdf

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The stockholders' equity accounts of Ivanhoe Corporation on January 1, 2027, were as follows. Preferred Stock (7%, $100 par noncumulative, 4,400 shares authorized) Common Stock ($4 stated value, 294,000 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 (4,400 common shares) Feb. 1 Mar. 20 Oct. 1 Nov. Dec. During 2027, the corporation had the following transactions and events pertaining to its stockholders' equity. 1 1 $264,000 Dec. 31 940,800 13,200 470,400 699,500 35,200 Issued 4,400 shares of common stock for $30,800. Purchased 1,400 additional shares of common treasury stock at $8 per share. Declared a 7% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1. Declared a $0.70 per share cash dividend to common stockholders of record on December 15, payable December 31, 2027. Paid the dividend declared on December 1. The stockholders equity accounts of Ivanhoe Corporation on January 1, 2027, were as follows. During 2027, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,400 shares of common stock for $30,800. Mar. 20 Purchased 1,400 additional shares of common treasury stock at $8 per share. Oct. 1 Declareda 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec 1 Deciared a $0.70 per share cash dividend to common stockholders of record on December 15, payable December 31. 2027. Dec. 31 Paid the dividend declared on December 1. (a) Prepare a tabular summary that includes the January 1, 2027, balances. Do not include the beginning balance in Retained (b) Record the 2027 transactions in the tabular summary. Include margin explanations for the changes in revenues and expenses. (Round answers to 0 decimal ploces, eg. 5,275.) - Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. - Increases in expenses require a negative sign or parentheses. - Increases in Discount on Bonds Poyable require a negotive sign or parentheses. - Increases in Treasury Stock require a negative sign or parentheses. (a) BaL. (b) Feb, 1 Mar.20 Oct. 1 Nov. 1 Dec 1 Dec. 31 $$$$ 30,800 . Stockholders' Equity Retained Earnings Treasury Stock Revenue Expense Dividend ; $$ 5 I. Retained Earnings Expense $ Dividend $ Commonstock Dividends Interest expense Paid-in- capital in excess of common stock Paid in-capital in excess of preferred stock Preferred stock.

The stockholders equity accounts of Ivanhoe Corporation on January .pdf

Clothcafejpr

On January 1, 2024 , Blossom Ltd. had the following shareholders' equity accounts: Common shares (1,090,000 issued) $1,635,000 Retained earnings 1,962,000 The company was also authorized to issue an unlimited number of $4 noncumulative preferred shares. As at January 1, 2024 , none had been issued. During 2024, the corporation had the following transactions and events related to its shareholders' equity: Jan. 2 Issued 109,000 preferred shares for $50 per share. Mar. 31 Paid quarterly dividend to preferred shareholders. June 30 Paid quarterly dividend to preferred shareholders. Aug. 12 Issued 104,000 common shares for $1.70 per share. Sept. 30 Paid quarterly dividend to preferred shareholders. Dec. 31 Paid quarterly dividend to preferred shareholders and a $0.25 per share dividend to the common shareholders. Dec. 31 Loss for the year was $103,000. Journalize the transactions and the entries to close dividends and the income Summary account. fGredit occount titles are automatically indented when the amount is entered. Do not indent manually, If no entry is reguired, select "No Entry" for the account titles Open general ledger accounts for the shareholders' equity accounts, enter the beginning balances, and post entries from the .

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Exercise 7-15 During October, Wichita Light Company experiences the following transactions in establishing a petty cash fund. Journalize the entries in October that pertain to the petty cash fund. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Oct. 1 Oct. 31 Exercise 7-15 During October, Wichita Light Company experiences the following transactions in establishing a petty cash fund. Oct. 1 A petty cash fund is established with a check for $150 issued to the petty cash custodian. 31 A check was written to reimburse the fund and increase the fund to $200. A count of the petty cash fund disclosed the following items: Currency $59.00 Coins 0.70 Expenditure receipts (vouchers): Supplies $26.10 Telephone, Internet, and fax 16.40 Postage 39.70 Freight-Out 6.80 Journalize the entries in October that pertain to the petty cash fund. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Oct. 1 Solution Oct1 Petty cash Dr 150 to bank 150 (being fund created) Oct 31 Supplies Dr 26.10 Telephone, int.. Dr 16.40 Postage Dr 39.70 Freight Out Dr 6.80 Cash short & excess Dr 1.30 To petty cash 90.30 (being expenses during the month) Petty cash Dr 140.30 To Bank 140.30 (being amount re-imbursed and increased) .

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Cash Dividends Date Explanation Ref Feb. 1 Dec. 1 Dec. 31 Debit Credit Balance Stock Dividends Date July 1 Dec. 31 Explanation Ref Credit Balance eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer Journalize the transactions and the closing entries for net income and dividends. (Credit account titles are automatically indented when 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. Record journal entries in the order presented in the problem.) July 31 Dec. 1 Common Stock Dividends Distributable Common Stock Cash Dividends Dividends Payable Income Summary Retained Earnings (To close net income) Retained Earnings Stock Dividends (To close stock dividends) Dec. 31 136500 Cash Dividends Retained Earnings 151200 Prepare a stockholders' equity section at December 31. (Enter account name only and do not provide descriptive information.) On January 1, 2022, Oriole Corporation had the following stockholders' equity accounts. 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 market price per share was $39. July 1 Declared a 10\% stock dividend to stockholders of record on July 15, distributable July 31 . On July 1, the market price of the stock was $15 per share. 31 Issued the shares for the stock dividend. Dec. 1 Declared a \$0.40 per share dividend to stockholders of record on December 15, payable January 5, 2023. 31 Determined that net income for the year was $357,500. Enter the beginning balances, and post the entries to the stockholders' equity accounts. (Note: Open additional stockholders' equity accounts as needed.) (Post entries in the order of journal entries presented in the previous part.) Paid-in Capital in Excess of Par-Common Stock Date Explanation Ref Debit Jan. 1 Balance July 1v Credit Balance 212000 Retained Earnings Date Explanation Ref Debit Credit Jan.1 v Balance Dec.31 v Net income Dec.31 Stock dividend Dec.31 Cash dividend Balance 936500 779000 627800.

Cash Dividends Date Explanation Ref Feb. 1 Dec. 1 De.pdf

beautyleathers40

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 Anmounced a 2 -for-1 stock split. Prior to the split, the market price per share was $40. July 1 Declared a 15% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $14 per share. 31 I smed the shares for the stock dividend. Dec. 1 Deciared a 50.30 pee share dividend to stockholders of record on December 15, payable lamuary 5.2023 31 Determined that net income for the year was $326.500 .Feh. 1 Cash Bividends 126000 Dividends Payable 126000 Mar, 1 v Dividends Payabie 126000 Cash 126000 begin{tabular}{|l|l|l|} hline Aore. & NoEntry & 0 & NoEntry & hline end{tabular}Dividends Payable Dec:31 v Income Summary Retained Earnings (To close net income) (To close stock dividends) (To close cash dividends)equity accounts as needed.) (Post entries in the order of journol entries presented in the previous part) Common Stock Common Stock Dividends Distributable.

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Problem 14-1A On January 1, 2014, Geffrey Corporation had the following stockholders\' equity accounts Common Stock ($20 par value, 60,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,200,000 200,000 600,000 During the year, the following transactions occurred. Declared a $1 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 market price per share was $36 Declared a 10% stock dividend to stockholders of record on July 15, distributable July 31, On July 1, the market price of the stock was $13 per share Issued the shares for the stock dividend Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2015 Determined that net income for the year was $350,000 Feb. 1 Mar. 1 Apr. 1 July 1 31 Dec. 1 31 Journalize the transactions and the closing entries for net income and dividends. (Credit account titles are automatically indented when 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. If no entry is required, select \"No entry\" for the account titles and enter 0 for the amounts.) Date Aocount Titles and Explanation Debit Credit Feb. 1 Mar. 1 Apr. 1 July 1 uly 31 Dec. 1 Dec. 31 (To close net income) (To close stock dividends) (To close cash dividends) Solution Journal Entries: Date Accounts / Explanations Debit Credit Feb. 1 Cash Dividend $ 60,000.00 Dividend Payable $ 60,000.00 (Being cash dividend declared = 60000 Shares * $1) Mar. 1 Dividend Payable $ 60,000.00 Cash $ 60,000.00 (Being cash dividend cash ) Apr. 1 No entry (New shares = 60000*2 = 120000 Shares @ $20/ 2 =$10 Par value) July. 1 Stock Dividend $ 156,000.00 Dividend Distributable $ 156,000.00 (Being Stock Dividend Declared = 120000 *10% = 12000 Shares*$13 ) July. 31 Dividend Distributable $ 156,000.00 Paid in capital in excess of par- Common Stock (156000-120000) $ 36,000.00 Common Stock (12000 Shares * $10) $ 120,000.00 (Being shares issues for dividend ) Note : total number of shares after Stock Div = 120000+12000 = 132000 Dec. 1 Cash Dividend $ 66,000.00 Dividend Payable $ 66,000.00 (Being cash dividend declared = 132000 Shares * $0.50) Dec. 31 Income Summary $ 350,000.00 Retained earnings $ 350,000.00 (Being net income closed) Retained earnings $ 126,000.00 Cash Dividend (60000+66000) $ 126,000.00 (Being cash dividend closed) Retained earnings $ 156,000.00 Stock Dividend $ 156,000.00 (Being cash dividend closed) Journal Entries: Date Accounts / Explanations Debit Credit Feb. 1 Cash Dividend $ 60,000.00 Dividend Payable $ 60,000.00 (Being cash dividend declared = 60000 Shares * $1) Mar. 1 Dividend Payable $ 60,000.00 Cash $ 60,000.00 (Being cash dividend cash ) Apr. 1 No entry (New shares = 60000*2 = 120000 Shares @ $20/ 2 =$10 Par value) July. 1 Stock Dividend $ 156,000.00 Div.

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Question 5. “Look how great we are doing,” said Sawyer Mittlestaedt, president of Elliott Company. “Our sales have grown from $1.6 million to $2.0 million this year, we about doubled our warehouse space, and we have more cash in the bank than we started with. A few more years of growth like this and we’ll be tops in the industry.” “Yes, our statements look pretty good,” replied Endia Bush, the company’s vice president for finance. “But I have concerns that we’re doing business with a lot of companies we don’t know much about. But I do agree, we’re certainly selling a lot of merchandise; our inventory is actually down from last year.” See statements on next page. Elliott Company Comparative Balance Sheets At December 31, 2015 and 2014 2015 2014 Assets Current assets: Cash. $42,000 $ 27,000 15000 incr Marketable securities 19,000 13,000 Accounts receivable. 710,000 530,000 Inventory 848,000 860,000 Prepaid expenses 10,000 5,000 Total current assets 1,435,000 1,629,000 Long-term investments 60,000 110,000 Loans to subsidiaries 130,000 80,000 Plant and equipment 3,170,000 2,600,000 Less accumulated depreciation 810,000 755,000 Net plant and equipment 2,360,000 1,845,000 Patents 84,000 90,000 Total assets $4,263,000 $3,560,000 Liabilities and Stockholders’ Equity Current liabilities : Accounts payable $ 970,000 $ 670,000 Accrued liabilities 65,000 82,000 Total current liabilities 1,035,000 752,000 Long-term Bonds Payable 820,000 600,000 Notes payable 95,000 80,000 Total liabilities 1,950,000 1,432,000 Stockholders’ equity: Common stock 1,740,000 1,650,000 Retained earnings . 573,000 478,000 Total stockholders’ equity 2,313,000 2,128,000 Total liabilities and stock $4,263,000 3,560,000 Elliott’s income statement for 2015 follows Sales $2,000,000 Cost of goods sold 1,300,000 Gross profit 700,000 Selling and administrative expenses 490,000 Net operating income 210,000 Nonoperating items: Gain on sale of investments $60,000 Loss on sale of equipment. 20,000 40,000 Income before taxes 250,000 Income taxes 80,000 Net income $ 170,000 The following additional information is available about Elliott’s activities during 2015: Cash dividends declared and paid to the common stockholders totaled $75,000. Long-term BONDS with a value of $380,000 were repaid during the year. Equipment was sold during the year for $70,000. The equipment had cost $130,000 and had $40,000 in accumulated depreciation on the date of sale. Long-term investments were sold during the year for $110,000. These investments had cost $50,000 when purchased several years ago. 5-1. Ms. Bush asks you to prepare a statement of cash ﬂow (indirect method) for 2015. 5-2. What is Elliott’s free cash flow? Interpret your findings. 5-3. Is Elliott Corp. doing as well as its CEO believes? Discuss. Question 7. Thompson Co..

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On January 1, 2020, Pharoah Corporation had 96,000 shares of no-par common stock issued. 5,000 shares are held as treasury stock The stock has a stated value of $5 per share. During the year, the following occurred. Apr. 1 Issued 14,000 additional shares of common stock for $15 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 Paid the $1 cash dividend. Dec 1 Purchased 2,200 additional shares of common stock for $14 per share. Dec. 15 Declareda cash dividend on outstanding shares of 51.10 per share to stockholders of record on December 31. (a) Your answer is incorrect. Prepere the entries, if any, on each of the three dividend dates. (Credit account litles are automatically indented when the amount is entered. Do not indent manually, If no entry is required, select "Wo Entry" for the account titles and enter O for the amounts. List all debic entries before credit entries. Record journal entries in the order presented in the problem.).

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On January 1, 2022, Wildhorse Corporation had the following stockholders' equity accounts. During the year, the following transactions occurred. Feb. 1 Declareda $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 market price per share was $40. July 1 Declared a 15% stock dividend to stockholders of record on July 15 , distributable July 31 . On July 1 , the market price of the stock was $14 per share. 31 Issued the shares for the stock dividend. Dec. 1 Declareda $0.30 per share dividend to stockholders of record on December 15, payable January 5, 2023. 31 Determined that net income for the year was $326,500.Prepare a stockholders'equity section at December 31. (Enter account name only and do not provide descriptive information.).

On January 1 2022 Wildhorse Corporation had the following .pdf

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On January 1, Sarasota Corp. had 62,400 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 Issued 15,750 additional shares of common stock for $11 per share. June 15 Declared a cash dividend of $1.55 per share to stockholders of record on June 30. July 10 Paid the $1.55 cash dividend. Dee. 1 Issued 7,000 additional shares of common stock for $13 per share. Dec. 15 Declared a cash dividend on outstanding shares of $1.65 per share to stockholders of record on December 31.Prepare a tabular summary to record the three dates that involved dividends. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in (ront of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to 0 decimal places, e.8.5.276.).

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