ACCT 2301-026 Spring 2019 Homework: Chapter 13 Homework: E13-24, E13-25, E13-28, E1 Save Hw Score: 60%, 9 of 15pts 6 of 6 (5 complete) Score: 0 of 6 pts i Question Help * P13-38A (similar to Clearborn Manufacturing Co. completed the following transactions during 2016: 1 (Click the icon to view the transactions.) 1. Record the transactions in Clearbom's general journal 2. Prepare the Clearbon's stockholders equity section of the balance sheet as of December 31, 2016. Assume that Clearborn was authorized to issue 1,500 shares of preferred stock and 500.000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of earnings as of December 31,2016, is $2,090,000 Requirement 1. Record the transactions in Clearborn's general jounal. (Recond debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Jan. 16. Declared a cash dividend on the 5%, S99 par noncur latve preferred stock 1,100 shares outstanding) Declared a $0.40 per share dividend on the 105,000 shares of $2 par value common stock outstanding. The date of record is January 31, and the payment date is February 15 Debit Credit Accounts and Explanation Date Jan. 16 More Into 16 Declared a cash dividend on the 5%399 par noncumulative preferred stock (1,100 Jan. shares outstanding). Declared a $0.40 per share dividend on the 105,000 shares of $2 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Feb. 15 Paid the cash dividends Jun. 10 Split common stock 2-for-1 Jul 30 Declared a 40% stock didend on the common stock. The market value of the common stock was $11 per share 15 Distributed the stock dividend 26 Purchased 1,600 shares of treasury stock at $10 per share. Aug. Oct. Choose from any list or end Mew uny soc o $12 per share. 30 Soid 700 shares of treasury stock for $7 per share parts remaining Check Answer ACCT 2301-026 Spring 2019 Homework: Chapter 13 Homework: E13-24, E13-25, E13-28, E1 Save Hw Score: 60%, 9 of 15pts 6 of 6 (5 complete) Score: 0 of 6 pts i Question Help * P13-38A (similar to Clearborn Manufacturing Co. completed the following transactions during 2016: 1 (Click the icon to view the transactions.) 1. Record the transactions in Clearbom's general journal 2. Prepare the Clearbon's stockholders equity section of the balance sheet as of December 31, 2016. Assume that Clearborn was authorized to issue 1,500 shares of preferred stock and 500.000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of earnings as of December 31,2016, is $2,090,000 Requirement 1. Record the transactions in Clearborn's general jounal. (Recond debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Jan. 16. Declared a cash dividend on the 5%, S99 par noncur latve preferred stock 1,100 shares outstanding) Declared a $0.40 per share dividend on the 105,000 shares of $2 par value common stock outstanding. The date of record is January 31, and the payment date is February 15 Debit Credit Accounts and Explanation Date Jan. 16 More Into 16 Declared a cash dividend on the 5%399 par noncumulative preferred stock (1,100 Jan. shares outstanding). Declared a $0.40 per share dividend on the 105,000 shares of $2 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Feb. 15 Paid the cash dividends Jun. 10 Split common stock 2-for-1 Jul 30 Declared a 40% stock didend on the common stock. The market value of the common stock was $11 per share 15 Distributed the stock dividend 26 Purchased 1,600 shares of treasury stock at $10 per share. Aug. Oct. Choose from any list or end Mew uny soc o $12 per share. 30 Soid 700 shares of treasury stock for $7 per share parts remaining Check