Question: CALCULATOR PRINTER VERSION BACK Your answer is partially correct. Try again. On January 1, 2019, Windsor, Inc. had $1.495,000 of common stock outstanding that was
CALCULATOR PRINTER VERSION BACK Your answer is partially correct. Try again. On January 1, 2019, Windsor, Inc. had $1.495,000 of common stock outstanding that was issued at par. It also had retained earnings of $743,000. The company issued 38,000 shares common stock at par on July 1 and earned net income of $390,000 for the year. Journalire the declaration of a 16% stock dividend on December 10, 2019, for the following independent assumptions. (Credit account titles are automatically indented when am entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) (a) (b) Par value is $10, and market price is $18. Par value is $5, and market price is $22. No. Account Titles and Explanation () stock Dividends T Common Stock Dividends Distributable 1 GOBOG Pald-in Capital in Excess of Par-Common Stock (b) Stock Dividends T 13376 Common Stock Dividends Distributable Paid in Capital in Excess of Par-Common Stock IT 103360 Click if y ou like to show Work for this questions on Show Work
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
