Common Stock ( $ 2 0 par value, 5 0 , 0 0 0 shares issued and
Question:
Paidin Capital in Excess of ParCommon Stock
Retained Earnings
On January Cullumber Company had the following stockholders' equity accounts.
During the year, the following transactions occurred.
Declared a $ cash dividend per share to stockholders of record on February payable March
Paid the dividend declared in February.
Announced a for stock split. Prior to the split, the market price per share was $
Declared a stock dividend to stockholders of record on July distributable July On July the market price of
the stock was $ per share.
Issued the shares for the stock dividend.
Declared a $ per share dividend to stockholders of record on December payable January
Determined that net income for the year was $
a Journalize the transactions and the closing entries for net income and dividends. Record journal entries in the order presented in the
problem. 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 O for the amounts.On January Cullumber Company had the following stockholders' equity accounts.
During the year, the following transactions occurred.
Feb. Declared a $ cash dividend per share to stockholders of record on February payable March
Mar. Paid the dividend declared in February.
Apr. Announced a for stock split. Prior to the split, the market price per share was $
July Declared a stock dividend to stockholders of record on July distributable July On July the market price of
the stock was $ per share.
Issued the shares for the stock dividend.
Dec. Declared a $ per share dividend to stockholders of record on December payable January
Determined that net income for the year was $
Journalize the transactions and the closing entries for net income and dividends. Record journal entries in the order presented in the
problem. 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 for the amounts.
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta