Question: i was correct up to #9 Che work Problem 18-5 (Algo) Shareholders' equity transactions; statement of shareholders' equity (L018-6, 18-7, 18-8) Listed below are the

















i was correct up to #9 Che work Problem 18-5 (Algo) Shareholders' equity transactions; statement of shareholders' equity (L018-6, 18-7, 18-8) Listed below are the transactions that affected the shareholders' equilty of Branch Rickle Corporation during the period 2021-2023. At December 31, 2020, the corporation's accounts included Common stock, 117 million shares at $1 par Pidin capital-excess of por Retained earning is in thousands $112.000 702,000 960,000 1. November 1, 2021, the board of directors declared a cash dividend of 50 90 per share on its common shares payable to shareholders of record November 15, to be paid December 1 bon Match 1. 2022. the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that Branch Rickie was holding as an investment The bonds had a fair value of $3.3 million, but were purchased two years previously for $2.9 million. Because they were intended to be held to maturity, the bonds had not been previously written up. The property dividend was payable to shareholders of record March 13, to be distributed April 5 con July 12. 2022, the corporation declared and distributed a common stock dividend (when the market value of the common stock was 516 per share), Cash was paid in lieu of fractional shores representing 20.000 equivalent we shares d On November 1, 2022 the board of directors declared a cash dividend of $0.90 per share on its common shales payable to Lomon stock, 117 million shares at $1 par Paid-in capital-excess of par Retained earnings Lands $117,869 782,000 960, eee November 1, 2021, the board of directors declared a cash dividend of $0.90 per share on its common shares, payable to shareholders of record November 15, to be paid December 1 On March 1, 2022, the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that Branch-Rickie was holding as an investment. The bonds had a fair value of $3.3 million, but were purchased two years previously for $2.9 million. Because they were intended to be held to maturity, the bonds had not been previously written up. The property dividend was payable to shareholders of record March 13. to be distributed April 5. c On July 12. 2022, the corporation declared and distributed a 6% common stock dividend (when the market value of the common stock was $16 per share). Cash was paid in lieu of fractional shares representing 20,000 equivalent whole shares. d. On November 1, 2022, the board of directors declared a cash dividend of $0.90 per share on its common shares, payable to shareholders of record November 15 to be paid December 1 e. On January 15, 2023, the board of directors declared and distributed a 3-for-2 stock split effected in the form of a 50% stock dividend when the market value of the common stock was $17 per share f. On November 1, 2023, the board of directors declared a cash dividend of $0.75 per share on its common shares, payable to shareholders of record November 15, to be paid December 1, Required: 1. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions Diensraamansthistamante ferah transferon Dieu tri tha the norinni innlatim arch o 396 Help Required: 1. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. 2. Prepare comparative statements of shareholders' equity for Branch-Rickie for the three-year period ($ in 000s). Net income was $415 million, $480 million, and $540 million for 2021, 2022 and 2023, respectively Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 6 8 15 Record declaration of cash dividend. Journal entry worksheet 1 2 3 5 6 6 7 CO 15 Record declaration of cash dividend. Note: Enter debits before credits. Credit Date General Journal November 01, 2021 Retained earnings Cash dividends payable Debit 105.300.000 105.300.000 Record entry Clear entry View general journal Journal entry worksheet 2 3 5 6 7 8 15 Record payment of cash dividend. Note: Enter debits before credits. Debit Credit Date General Journal December 01 2021 Cash dividends payable Cash 105.300.000 105 300,000 Record entry Clony View eral journal Journal entry worksheet Journal entry worksheet Journal entry worksheet 2 3 4 5 6 8 15 Record distribution of property dividends. Note: Enter debits before credits. Credit Date April 05, 2022 General Journal Property dividends payable Investment in equity securities Debit 3,300,000 3.300.000 Record entry Clear enly View general journal Prey 2 of 3 Next > Journal entry worksheet Journal entry worksheet 8 9 15 RR- R. Record declaration of cash dividend. Note: Enter debits before credits Debit Credit Dale General Journal November 01 2022 Retained earnings Cash dividends payable 105 300.000 105.300.000 Clearly View general jual Record entry K Prey 2 of 3 BHE Next > Journal entry worksheet Record the entry on date of record. Note: Enter debits before credits. Debit Credit Date General Journal November 15, 2022 No journal entry required View general Journal Record entry Clear entry Prey 2 of 3 Next > df Journal entry worksheet 6 12.pdf Journal entry worksheet S. 7 8 19 10 11 12 B. 15 Record declaration and distribution of stock split effected in the form of stock dividend. 7-18 Note: Enter debits before credits Debit Date January 15, 2023 Credit General Journal Paid-in capital - excess of par Common stock 58.500.000 58.500.000 Record entry Clear entry View general journal Prev 2 or 3 Next > od Journal entry worksheet Journal entry worksheet 2 of 3.2 Journal entry worksheet 1 WHERE 8 9 10 11 12 13 14 15 h Record payment of cash dividend. Note: Enter debits before credits. Credit Date General Journal December 01, 2023 Cash dividends payable Cash Debit 263,250.000 263 250.000 Record entry Clear entry View general journal BRANCH-RICKIE CORPORATION Statement of Shareholders Equity For the Years Ended Dec. 31, 2021 2022, and 2023 (5 in thousands) Common Additional Retained Stock Pald-in Capital Earnings Total Shareholders Equity 0 0 0 0 Jan 1, 2021 Net income Cash dividends Dec 31, 2021 Property dividends Common stock dividend Net Income Cash dividends Dec 31, 2022 3-for-2 split effected in the form of a stock dividend Net income Cash dividends Dec 31, 2023 0 0 0 0 S 0 0 S 0 S
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