A FIRM PURCHASED( INVESTED IN ) COMMON SHARES OF XYZ CO. WITH FOLLOWING DETAILS NO OF...

  

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A FIRM PURCHASED( INVESTED IN ) COMMON SHARES OF XYZ CO. WITH FOLLOWING DETAILS NO OF COMMON SHARES BOUGHT BUYNIG PRICE BROKERAGE CHARGES FOR ALL THE SHARES 6600 $22 $650 JOURNALIZE THE FOLLOWING TRANSACTIONS JOURNALIZE PURCHASE OF INVESTMENT STOCKS CALCULATE COST PER SHARE EARNED S 8 PER SHARE AS DIVIDEND INCOME (JOURNALIZE ENTRY) C THE FIRM SOLD SHARES TO ABC CO. WITH THE FOLLOWING DETAILS D NO OF SHARES SOLD TO ABC CO. 4800 BROKERAGE CHARGES FOR ALL THE SHARES $750 SELLING PRICE $25 JAN IST NO OF COMMON SHARES ISSUEDOUTSTANDING ON JAN IST 44000 PAR VALUE OF COMMON SHARE S10 TRADING PRICE OF STOCK ON JAN IST $12 30-MAR DECLARED S2 CASH DIVIDENDS AGAINST EACH COMMON SHARE ISTHAPRIL DISTRIBUTED CASH DIVIDENDS ANNOUNCED ON OTIH MARCH 30TH APRIL DECLARED 2% STOCK DIVIDENDS TRADING PRICE ON 3OTH APRIL. S16 ISTIH MAY DISTRIBUTED STOCK DIVIDENDS ANNOUNCED ON 30TH APRIL 1STH MAY CALCULATE EQUITY BEFORE AND AFTER STOCK DVIDENDS 3OTH MAY NO OF RE-AQUIRED SHARES 15.000 BUVING PRICE OF TREASURY STOCK (HINT: NO OF SILARES -INITIAL NO.+ STOCK DIV SHARES) S20 NO OF SHARES RE-ISSUED (OUT OF TREASURY STOCKS) SELLING ORICE OF TREASURY STOCKS %3D 1STH JUNE $25 SUPPOSE THE FIRM DID NOT RE-ISSUE TREASURY STOCKS ON 1STH 30TH JUNE JUNE ASSUME ON THE BASIS OF NO. OF STOCK ON 3OTH JUNE THE FIRM ANNOUNCED A STOCK SPLIT WITH I:2 RATIO CALCULATE PAR VALUE AND NO OF SHARES OUT STANDING ON THE BASIS OF THE ABOVE MENTIONED STOCK SPLIT CALCULATE EQUITY BEFORE AND AFTER STOCK SPLIT 30TH JUNE A FIRM PURCHASED( INVESTED IN ) COMMON SHARES OF XYZ CO. WITH FOLLOWING DETAILS NO OF COMMON SHARES BOUGHT BUYNIG PRICE BROKERAGE CHARGES FOR ALL THE SHARES 6600 $22 $650 JOURNALIZE THE FOLLOWING TRANSACTIONS JOURNALIZE PURCHASE OF INVESTMENT STOCKS CALCULATE COST PER SHARE EARNED S 8 PER SHARE AS DIVIDEND INCOME (JOURNALIZE ENTRY) C THE FIRM SOLD SHARES TO ABC CO. WITH THE FOLLOWING DETAILS D NO OF SHARES SOLD TO ABC CO. 4800 BROKERAGE CHARGES FOR ALL THE SHARES $750 SELLING PRICE $25 JAN IST NO OF COMMON SHARES ISSUEDOUTSTANDING ON JAN IST 44000 PAR VALUE OF COMMON SHARE S10 TRADING PRICE OF STOCK ON JAN IST $12 30-MAR DECLARED S2 CASH DIVIDENDS AGAINST EACH COMMON SHARE ISTHAPRIL DISTRIBUTED CASH DIVIDENDS ANNOUNCED ON OTIH MARCH 30TH APRIL DECLARED 2% STOCK DIVIDENDS TRADING PRICE ON 3OTH APRIL. S16 ISTIH MAY DISTRIBUTED STOCK DIVIDENDS ANNOUNCED ON 30TH APRIL 1STH MAY CALCULATE EQUITY BEFORE AND AFTER STOCK DVIDENDS 3OTH MAY NO OF RE-AQUIRED SHARES 15.000 BUVING PRICE OF TREASURY STOCK (HINT: NO OF SILARES -INITIAL NO.+ STOCK DIV SHARES) S20 NO OF SHARES RE-ISSUED (OUT OF TREASURY STOCKS) SELLING ORICE OF TREASURY STOCKS %3D 1STH JUNE $25 SUPPOSE THE FIRM DID NOT RE-ISSUE TREASURY STOCKS ON 1STH 30TH JUNE JUNE ASSUME ON THE BASIS OF NO. OF STOCK ON 3OTH JUNE THE FIRM ANNOUNCED A STOCK SPLIT WITH I:2 RATIO CALCULATE PAR VALUE AND NO OF SHARES OUT STANDING ON THE BASIS OF THE ABOVE MENTIONED STOCK SPLIT CALCULATE EQUITY BEFORE AND AFTER STOCK SPLIT 30TH JUNE

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A Date Account title Debit credit A Investment in XYZ CO 1458... View the full answer