On January 1, 2014, Wilkens Corporation had $1,200,000 of common stock outstanding that was issued at par
Fantastic news! We've Found the answer you've been seeking!
Question:
On January 1, 2014, Wilkens Corporation had $1,200,000 of common stock outstanding that was issued at par and retained earnings of $750,000. The company issued 30,000 shares of common stock at par on July 1 and earned net income of $400,000 for the year.
Journalize the declaration of a 15% stock dividend on December 10, 2014, for the following two independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
| |||||
(b)Par value is $5 and market price is $8.
|
Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Posted Date: