GL1302 (Static) - Based on Problem 13-4A Atticus Group LO C3, P2, P3 The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-$4 par value, 100,000 shares authorized, 40,000 shares issued and outstanding $ 160,000 Paid-in capital in excess of par value, common stock 120,000 Retained earnings 320,000 $ Total stockholders' equity 600,000 Stockholders' Equity (December 31) Common stock-$4 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($30,000 restricted by treasury stock) Less cost of treasury stock $ 189,600 179,200 400,000 768,800 (30,000) $ 738,800 Total stockholders' equity The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, payable on January 10. March 20 Purchased treasury stock for cash. April 5 July 5 July 31 Declared a $0.50 per share cash dividend, payable on April 10. Declared a $0.50 per share cash dividend, payable on July 10. 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 $0.50 per share cash dividend, date of record October 10. General General Trial Cash Stock Require... Journal Ledger Balance Dividends Dividend The following transactions and events affected its equity during the year. Prepare the journal entry necessary to record each event, and then agree the year-end balances with the December 31 Stockholders' Equity statement given above. Show less Require... General General Journal Ledger Trial Cash Stock Balance Dividends Dividend The following transactions and events affected its equity during the year. Prepare the journal entry necessary to record each event, and then agree the year-end balances with the December 31 Stockholders' Equity statement given above. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 12 > Declared a $0.50 per share cash dividend, payable on January 10. Note: Enter debits before credits. Date January 05 Account Title Debit Credit Record entry View general journal Clear entry < Requirement General Ledger > Show less General General Require... Journal Ledger Trial Balance Cash Stock Dividends Dividend Note: The ending equity balances should agree with the December 31 Statement of Stockholders' Equity. Dates: January ( to: January ( General Ledger Account Cash Common stock No. Date Debit Credit Balance No. January 848,000 01 Date January 01 Debit Credit Balance 160,000 Paid-in capital, Common Retained earnings Debit Credit Balance No. Date Debit Credit Balance January 120,000 320,000 01 No. Date January 01 Income summary No. Date January Debit Credit Balance (248,000) 01 < General Journal Trial Balance > January 5 Declared a $0.50 per share cash dividend, payable on January 10. March 20 Purchased treasury stock for cash. April 5 July 5 July 31 Declared a $0.50 per share cash dividend, payable on April 10. Declared a $0.50 per share cash dividend, payable on July 10. 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 $0.50 per share cash dividend, date of record October 10. Require... General General Journal Ledger Trial Balance Cash Stock Dividends Dividend Atticus Group Trial Balance January 01, 2021 Account Title Cash Common stock Paid-in capital, Common Retained earnings Income summary Total Debit Credit $ 848,000 160,000 120,000 320.000 248,000 $ 848,000 $ 848,000 < General Ledger Cash Dividends > The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, payable on January 10. March 20 Purchased treasury stock for cash. April 5 July 5 July 31 Declared a $0.50 per share cash dividend, payable on April 10. Declared a $0.50 per share cash dividend, payable on July 10. 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 $0.50 per share cash dividend, date of record October 10. General General Require... Trial Cash Journal Ledger Balance Dividends Dividend Calculate the dollar amount of each cash dividend. Stock Dates: January (to: January ( Calculation of Cash Dividends January 05 April 05 July 05 October 05 How many common shares are outstanding? Dividend per share Total cash dividend < Trial Balance Stock Dividend > The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, payable on January 10. March 20 Purchased treasury stock for cash. April 5 July 5 July 31 Declared a $0.50 per share cash dividend, payable on April 10. Declared a $0.50 per share cash dividend, payable on July 10. 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 $0.50 per share cash dividend, date of record October 10. Require... General General Journal Ledger Trial Cash Stock Balance Dividends Dividend Calculate the amount of retained earnings to be capitalized as a result of the stock dividend. Dates: January ( to: January ( Capitalization of retained earnings due to stock dividend: Number of shares outstanding on July 30 Percentage of stock dividend Number of shares to be issued Amount to be capitalized per share Total amount to be capitalized < Cash Dividends Stock Dividend >