Question: Journalize the equity transactions for Dan's Dependable Delivery. Use Excel formulas in the cells to document your calculations. Use professional formatting. Date Transaction 2 -

Journalize the equity transactions for Dan's Dependable Delivery.
Use Excel formulas in the cells to document your calculations.
Use professional formatting.
Date Transaction
2-Jan Issued an additional 12,000 shares of $1 par common stock for $12 per share.
6-Jan Declared a cash dividend on 5,000 shares of 5%$4 par preferred stock and a $.25 per
share dividend on 45,000 shares of common stock outstanding.
15-Jan The date of record for January 5 cash dividend declaration
20-Jan Paid the cash dividend declared on January 5
15-Mar Declared a 2-for-1 stock split by calling in the 45,000 shares of $1 par common stock
and issuing new stock in its place.
10-Apr Declared and distributed a 10% stock dividend on the common stock when the market
value was $12 per share
14-Jun Purchased 1,000 shares of common stock for the treasury for $15 per share
22-Dec Sold 500 treasury shares for $16 per share
 Journalize the equity transactions for Dan's Dependable Delivery. Use Excel formulas

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!