Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following stockholders' equity
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Reporting Stockholders' Equity Items on Statement of Cash Flows
On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year.
| ACCOUNT Common Stock, $10 par | ACCOUNT NO. | |||||||||||
| Balance | ||||||||||||
| Date | Item | Debit | Credit | Debit | Credit | |||||||
| Jan. | 1 | Balance, 40,000 shares | 400,000 | |||||||||
| Apr. | 2 | 10,000 shares issued for cash | 100,000 | 500,000 | ||||||||
| June | 30 | 2,000-share stock dividend | 20,000 | 520,000 |
| ACCOUNT Paid-In Capital in Excess of Par-Common Stock | ACCOUNT NO. | |||||||||||
| Balance | ||||||||||||
| Date | Item | Debit | Credit | Debit | Credit | |||||||
| Jan. | 1 | Balance | 120,000 | |||||||||
| Apr. | 2 | 10,000 shares issued for cash | 190,000 | 310,000 | ||||||||
| June | 30 | Stock dividend | 15,000 | 325,000 |
| ACCOUNT Retained Earnings | ACCOUNT NO. | |||||||||||
| Balance | ||||||||||||
| Date | Item | Debit | Credit | Debit | Credit | |||||||
| Jan. | 1 | Balance | 332,000 | |||||||||
| June | 30 | Stock dividend | 35,000 | 297,000 | ||||||||
| Dec. | 30 | Cash dividend | 38,200 | 258,800 | ||||||||
| Dec. | 31 | Net income | 239,000 | 497,800 |
If an amount is not reported on the statement of cash flows, leave the amount box blank.
| Item | Section of Statement of Cash Flows | Added or Deducted | Amount |
| Sale of common stock | Investing activities sectionFinancing activities sectionNot reported on statement of cash flowsOperating activities sectionFinancing activities section | Added | $ |
| Cash dividend | Investing activities sectionFinancing activities sectionNot reported on statement of cash flowsOperating activities sectionFinancing activities section | Deducted | $ |
| Stock dividend | Investing activities sectionFinancing activities sectionNot reported on statement of cash flowsOperating activities sectionNot reported on statement of cash flows | Not acc.. | $ |
I need help finding the amounts
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