Zephyr Company reports the following components of stockholders equity on January 1. Common stuck-$10 par value,...
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Zephyr Company reports the following components of stockholders equity on January 1. Common stuck-$10 par value, 120,e00 shares authorized, se,e00 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500, e00 75,000 410,000 $ 985,000 During the year, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 shares of its oun stock at $23 cash per share. Jan. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. 28 Paid the dividend declared on January 5. Feb. 6 Sold 1,98o of its treasury shares at $27 cash per share. July 22 Sold 3,100 of its treasury shares at $20 cash per share. Aug. Sept. 5 Directors declared a $2 per share cas 28 Pald the dividend declared on Septenber 5. Oct. dividend payable on October 28 to the September 25 stockholders of record. Dec. 31 Closed the $407,000 credit balance (from net income) in the Income Sunnary account to Retained Carnings. General General Ledger Statement of RE Stockholders Equity Impact on Equity Requirement Journal Trial Balance Journal entry worksheet 3 6. 7 8 Purchased 5,000 shares of its own stock at $23 cash per share. Note: Enter debits before credits. Date Account Title Debit Credit Jan 02 Record entrY Cleat eniry View general journal 2. General Journal Requirement Ledger Dates: Jan 01 ZEPHYR CORPORATION Trial Balance December 31, 2019 Debit Credit Account Title 480,000 Cash 194,000 Accounts recelvable 790,000 Equipment Accumulated depreciation - Equipment Common stock Paid-in capital. Common Retained earnings mices 72.000 500.000 75,000 410.000 income summary 407.000 Total 1.464.000 S 1.464.000 General Ledger Statement of RE General Journal General Statement of Stockholders RE Impact on Equity Requirement Trial Balance Ledger Equity Prepare the Statement of Retained Earnings for Zephyr Corporation for the year ended December 31. ZEPHYR CORPORATION Statement of Retained Earnings For Year Ended December 31 < Trial Balance Stockholders Equity > General Journal Statement of Stockholders RE Impact on Equity General Requirement Ledger Trial Balance Equity Prepare the stockholders' equity section of Zephyr Corporation's balance sheet as of December 31. Dates: Jan 01 to: Dec S ZEPHYR CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Total contributed capital Total stockholders equity Statement of RE Impact on Equity> Dates: Jan 01 Impact on equity %24 Total Stockholders' Equity -January 1 Jan. 2) Purchased 5,000 shares of its own stock at $23 cash per share. Jan. 5) Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb. 28) Paid the dividend declared on January 5. Jul. 6) Sold 1,900 of its treasury shares at $27 cash per share. Aug 22) Sold 3.100 of its treasury shares at $20 cash per share. Sep. 5) Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28) Paid the dividend declared on September 5. Dec. 31) Closed the $407.000 credit balance (from net income) in the Income Summary account to Retained Earnings. Zephyr Company reports the following components of stockholders equity on January 1. Common stuck-$10 par value, 120,e00 shares authorized, se,e00 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500, e00 75,000 410,000 $ 985,000 During the year, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 shares of its oun stock at $23 cash per share. Jan. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. 28 Paid the dividend declared on January 5. Feb. 6 Sold 1,98o of its treasury shares at $27 cash per share. July 22 Sold 3,100 of its treasury shares at $20 cash per share. Aug. Sept. 5 Directors declared a $2 per share cas 28 Pald the dividend declared on Septenber 5. Oct. dividend payable on October 28 to the September 25 stockholders of record. Dec. 31 Closed the $407,000 credit balance (from net income) in the Income Sunnary account to Retained Carnings. General General Ledger Statement of RE Stockholders Equity Impact on Equity Requirement Journal Trial Balance Journal entry worksheet 3 6. 7 8 Purchased 5,000 shares of its own stock at $23 cash per share. Note: Enter debits before credits. Date Account Title Debit Credit Jan 02 Record entrY Cleat eniry View general journal 2. General Journal Requirement Ledger Dates: Jan 01 ZEPHYR CORPORATION Trial Balance December 31, 2019 Debit Credit Account Title 480,000 Cash 194,000 Accounts recelvable 790,000 Equipment Accumulated depreciation - Equipment Common stock Paid-in capital. Common Retained earnings mices 72.000 500.000 75,000 410.000 income summary 407.000 Total 1.464.000 S 1.464.000 General Ledger Statement of RE General Journal General Statement of Stockholders RE Impact on Equity Requirement Trial Balance Ledger Equity Prepare the Statement of Retained Earnings for Zephyr Corporation for the year ended December 31. ZEPHYR CORPORATION Statement of Retained Earnings For Year Ended December 31 < Trial Balance Stockholders Equity > General Journal Statement of Stockholders RE Impact on Equity General Requirement Ledger Trial Balance Equity Prepare the stockholders' equity section of Zephyr Corporation's balance sheet as of December 31. Dates: Jan 01 to: Dec S ZEPHYR CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Total contributed capital Total stockholders equity Statement of RE Impact on Equity> Dates: Jan 01 Impact on equity %24 Total Stockholders' Equity -January 1 Jan. 2) Purchased 5,000 shares of its own stock at $23 cash per share. Jan. 5) Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb. 28) Paid the dividend declared on January 5. Jul. 6) Sold 1,900 of its treasury shares at $27 cash per share. Aug 22) Sold 3.100 of its treasury shares at $20 cash per share. Sep. 5) Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28) Paid the dividend declared on September 5. Dec. 31) Closed the $407.000 credit balance (from net income) in the Income Summary account to Retained Earnings. Zephyr Company reports the following components of stockholders equity on January 1. Common stuck-$10 par value, 120,e00 shares authorized, se,e00 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500, e00 75,000 410,000 $ 985,000 During the year, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 shares of its oun stock at $23 cash per share. Jan. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. 28 Paid the dividend declared on January 5. Feb. 6 Sold 1,98o of its treasury shares at $27 cash per share. July 22 Sold 3,100 of its treasury shares at $20 cash per share. Aug. Sept. 5 Directors declared a $2 per share cas 28 Pald the dividend declared on Septenber 5. Oct. dividend payable on October 28 to the September 25 stockholders of record. Dec. 31 Closed the $407,000 credit balance (from net income) in the Income Sunnary account to Retained Carnings. General General Ledger Statement of RE Stockholders Equity Impact on Equity Requirement Journal Trial Balance Journal entry worksheet 3 6. 7 8 Purchased 5,000 shares of its own stock at $23 cash per share. Note: Enter debits before credits. Date Account Title Debit Credit Jan 02 Record entrY Cleat eniry View general journal 2. General Journal Requirement Ledger Dates: Jan 01 ZEPHYR CORPORATION Trial Balance December 31, 2019 Debit Credit Account Title 480,000 Cash 194,000 Accounts recelvable 790,000 Equipment Accumulated depreciation - Equipment Common stock Paid-in capital. Common Retained earnings mices 72.000 500.000 75,000 410.000 income summary 407.000 Total 1.464.000 S 1.464.000 General Ledger Statement of RE General Journal General Statement of Stockholders RE Impact on Equity Requirement Trial Balance Ledger Equity Prepare the Statement of Retained Earnings for Zephyr Corporation for the year ended December 31. ZEPHYR CORPORATION Statement of Retained Earnings For Year Ended December 31 < Trial Balance Stockholders Equity > General Journal Statement of Stockholders RE Impact on Equity General Requirement Ledger Trial Balance Equity Prepare the stockholders' equity section of Zephyr Corporation's balance sheet as of December 31. Dates: Jan 01 to: Dec S ZEPHYR CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Total contributed capital Total stockholders equity Statement of RE Impact on Equity> Dates: Jan 01 Impact on equity %24 Total Stockholders' Equity -January 1 Jan. 2) Purchased 5,000 shares of its own stock at $23 cash per share. Jan. 5) Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb. 28) Paid the dividend declared on January 5. Jul. 6) Sold 1,900 of its treasury shares at $27 cash per share. Aug 22) Sold 3.100 of its treasury shares at $20 cash per share. Sep. 5) Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28) Paid the dividend declared on September 5. Dec. 31) Closed the $407.000 credit balance (from net income) in the Income Summary account to Retained Earnings. Zephyr Company reports the following components of stockholders equity on January 1. Common stuck-$10 par value, 120,e00 shares authorized, se,e00 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500, e00 75,000 410,000 $ 985,000 During the year, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 shares of its oun stock at $23 cash per share. Jan. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. 28 Paid the dividend declared on January 5. Feb. 6 Sold 1,98o of its treasury shares at $27 cash per share. July 22 Sold 3,100 of its treasury shares at $20 cash per share. Aug. Sept. 5 Directors declared a $2 per share cas 28 Pald the dividend declared on Septenber 5. Oct. dividend payable on October 28 to the September 25 stockholders of record. Dec. 31 Closed the $407,000 credit balance (from net income) in the Income Sunnary account to Retained Carnings. General General Ledger Statement of RE Stockholders Equity Impact on Equity Requirement Journal Trial Balance Journal entry worksheet 3 6. 7 8 Purchased 5,000 shares of its own stock at $23 cash per share. Note: Enter debits before credits. Date Account Title Debit Credit Jan 02 Record entrY Cleat eniry View general journal 2. General Journal Requirement Ledger Dates: Jan 01 ZEPHYR CORPORATION Trial Balance December 31, 2019 Debit Credit Account Title 480,000 Cash 194,000 Accounts recelvable 790,000 Equipment Accumulated depreciation - Equipment Common stock Paid-in capital. Common Retained earnings mices 72.000 500.000 75,000 410.000 income summary 407.000 Total 1.464.000 S 1.464.000 General Ledger Statement of RE General Journal General Statement of Stockholders RE Impact on Equity Requirement Trial Balance Ledger Equity Prepare the Statement of Retained Earnings for Zephyr Corporation for the year ended December 31. ZEPHYR CORPORATION Statement of Retained Earnings For Year Ended December 31 < Trial Balance Stockholders Equity > General Journal Statement of Stockholders RE Impact on Equity General Requirement Ledger Trial Balance Equity Prepare the stockholders' equity section of Zephyr Corporation's balance sheet as of December 31. Dates: Jan 01 to: Dec S ZEPHYR CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Total contributed capital Total stockholders equity Statement of RE Impact on Equity> Dates: Jan 01 Impact on equity %24 Total Stockholders' Equity -January 1 Jan. 2) Purchased 5,000 shares of its own stock at $23 cash per share. Jan. 5) Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb. 28) Paid the dividend declared on January 5. Jul. 6) Sold 1,900 of its treasury shares at $27 cash per share. Aug 22) Sold 3.100 of its treasury shares at $20 cash per share. Sep. 5) Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28) Paid the dividend declared on September 5. Dec. 31) Closed the $407.000 credit balance (from net income) in the Income Summary account to Retained Earnings. Zephyr Company reports the following components of stockholders equity on January 1. Common stuck-$10 par value, 120,e00 shares authorized, se,e00 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500, e00 75,000 410,000 $ 985,000 During the year, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 shares of its oun stock at $23 cash per share. Jan. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. 28 Paid the dividend declared on January 5. Feb. 6 Sold 1,98o of its treasury shares at $27 cash per share. July 22 Sold 3,100 of its treasury shares at $20 cash per share. Aug. Sept. 5 Directors declared a $2 per share cas 28 Pald the dividend declared on Septenber 5. Oct. dividend payable on October 28 to the September 25 stockholders of record. Dec. 31 Closed the $407,000 credit balance (from net income) in the Income Sunnary account to Retained Carnings. General General Ledger Statement of RE Stockholders Equity Impact on Equity Requirement Journal Trial Balance Journal entry worksheet 3 6. 7 8 Purchased 5,000 shares of its own stock at $23 cash per share. Note: Enter debits before credits. Date Account Title Debit Credit Jan 02 Record entrY Cleat eniry View general journal 2. General Journal Requirement Ledger Dates: Jan 01 ZEPHYR CORPORATION Trial Balance December 31, 2019 Debit Credit Account Title 480,000 Cash 194,000 Accounts recelvable 790,000 Equipment Accumulated depreciation - Equipment Common stock Paid-in capital. Common Retained earnings mices 72.000 500.000 75,000 410.000 income summary 407.000 Total 1.464.000 S 1.464.000 General Ledger Statement of RE General Journal General Statement of Stockholders RE Impact on Equity Requirement Trial Balance Ledger Equity Prepare the Statement of Retained Earnings for Zephyr Corporation for the year ended December 31. ZEPHYR CORPORATION Statement of Retained Earnings For Year Ended December 31 < Trial Balance Stockholders Equity > General Journal Statement of Stockholders RE Impact on Equity General Requirement Ledger Trial Balance Equity Prepare the stockholders' equity section of Zephyr Corporation's balance sheet as of December 31. Dates: Jan 01 to: Dec S ZEPHYR CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Total contributed capital Total stockholders equity Statement of RE Impact on Equity> Dates: Jan 01 Impact on equity %24 Total Stockholders' Equity -January 1 Jan. 2) Purchased 5,000 shares of its own stock at $23 cash per share. Jan. 5) Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb. 28) Paid the dividend declared on January 5. Jul. 6) Sold 1,900 of its treasury shares at $27 cash per share. Aug 22) Sold 3.100 of its treasury shares at $20 cash per share. Sep. 5) Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28) Paid the dividend declared on September 5. Dec. 31) Closed the $407.000 credit balance (from net income) in the Income Summary account to Retained Earnings. Zephyr Company reports the following components of stockholders equity on January 1. Common stuck-$10 par value, 120,e00 shares authorized, se,e00 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500, e00 75,000 410,000 $ 985,000 During the year, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 shares of its oun stock at $23 cash per share. Jan. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. 28 Paid the dividend declared on January 5. Feb. 6 Sold 1,98o of its treasury shares at $27 cash per share. July 22 Sold 3,100 of its treasury shares at $20 cash per share. Aug. Sept. 5 Directors declared a $2 per share cas 28 Pald the dividend declared on Septenber 5. Oct. dividend payable on October 28 to the September 25 stockholders of record. Dec. 31 Closed the $407,000 credit balance (from net income) in the Income Sunnary account to Retained Carnings. General General Ledger Statement of RE Stockholders Equity Impact on Equity Requirement Journal Trial Balance Journal entry worksheet 3 6. 7 8 Purchased 5,000 shares of its own stock at $23 cash per share. Note: Enter debits before credits. Date Account Title Debit Credit Jan 02 Record entrY Cleat eniry View general journal 2. General Journal Requirement Ledger Dates: Jan 01 ZEPHYR CORPORATION Trial Balance December 31, 2019 Debit Credit Account Title 480,000 Cash 194,000 Accounts recelvable 790,000 Equipment Accumulated depreciation - Equipment Common stock Paid-in capital. Common Retained earnings mices 72.000 500.000 75,000 410.000 income summary 407.000 Total 1.464.000 S 1.464.000 General Ledger Statement of RE General Journal General Statement of Stockholders RE Impact on Equity Requirement Trial Balance Ledger Equity Prepare the Statement of Retained Earnings for Zephyr Corporation for the year ended December 31. ZEPHYR CORPORATION Statement of Retained Earnings For Year Ended December 31 < Trial Balance Stockholders Equity > General Journal Statement of Stockholders RE Impact on Equity General Requirement Ledger Trial Balance Equity Prepare the stockholders' equity section of Zephyr Corporation's balance sheet as of December 31. Dates: Jan 01 to: Dec S ZEPHYR CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Total contributed capital Total stockholders equity Statement of RE Impact on Equity> Dates: Jan 01 Impact on equity %24 Total Stockholders' Equity -January 1 Jan. 2) Purchased 5,000 shares of its own stock at $23 cash per share. Jan. 5) Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb. 28) Paid the dividend declared on January 5. Jul. 6) Sold 1,900 of its treasury shares at $27 cash per share. Aug 22) Sold 3.100 of its treasury shares at $20 cash per share. Sep. 5) Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28) Paid the dividend declared on September 5. Dec. 31) Closed the $407.000 credit balance (from net income) in the Income Summary account to Retained Earnings. Zephyr Company reports the following components of stockholders equity on January 1. Common stuck-$10 par value, 120,e00 shares authorized, se,e00 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500, e00 75,000 410,000 $ 985,000 During the year, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 shares of its oun stock at $23 cash per share. Jan. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. 28 Paid the dividend declared on January 5. Feb. 6 Sold 1,98o of its treasury shares at $27 cash per share. July 22 Sold 3,100 of its treasury shares at $20 cash per share. Aug. Sept. 5 Directors declared a $2 per share cas 28 Pald the dividend declared on Septenber 5. Oct. dividend payable on October 28 to the September 25 stockholders of record. Dec. 31 Closed the $407,000 credit balance (from net income) in the Income Sunnary account to Retained Carnings. General General Ledger Statement of RE Stockholders Equity Impact on Equity Requirement Journal Trial Balance Journal entry worksheet 3 6. 7 8 Purchased 5,000 shares of its own stock at $23 cash per share. Note: Enter debits before credits. Date Account Title Debit Credit Jan 02 Record entrY Cleat eniry View general journal 2. General Journal Requirement Ledger Dates: Jan 01 ZEPHYR CORPORATION Trial Balance December 31, 2019 Debit Credit Account Title 480,000 Cash 194,000 Accounts recelvable 790,000 Equipment Accumulated depreciation - Equipment Common stock Paid-in capital. Common Retained earnings mices 72.000 500.000 75,000 410.000 income summary 407.000 Total 1.464.000 S 1.464.000 General Ledger Statement of RE General Journal General Statement of Stockholders RE Impact on Equity Requirement Trial Balance Ledger Equity Prepare the Statement of Retained Earnings for Zephyr Corporation for the year ended December 31. ZEPHYR CORPORATION Statement of Retained Earnings For Year Ended December 31 < Trial Balance Stockholders Equity > General Journal Statement of Stockholders RE Impact on Equity General Requirement Ledger Trial Balance Equity Prepare the stockholders' equity section of Zephyr Corporation's balance sheet as of December 31. Dates: Jan 01 to: Dec S ZEPHYR CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Total contributed capital Total stockholders equity Statement of RE Impact on Equity> Dates: Jan 01 Impact on equity %24 Total Stockholders' Equity -January 1 Jan. 2) Purchased 5,000 shares of its own stock at $23 cash per share. Jan. 5) Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb. 28) Paid the dividend declared on January 5. Jul. 6) Sold 1,900 of its treasury shares at $27 cash per share. Aug 22) Sold 3.100 of its treasury shares at $20 cash per share. Sep. 5) Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28) Paid the dividend declared on September 5. Dec. 31) Closed the $407.000 credit balance (from net income) in the Income Summary account to Retained Earnings. Zephyr Company reports the following components of stockholders equity on January 1. Common stuck-$10 par value, 120,e00 shares authorized, se,e00 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500, e00 75,000 410,000 $ 985,000 During the year, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 shares of its oun stock at $23 cash per share. Jan. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. 28 Paid the dividend declared on January 5. Feb. 6 Sold 1,98o of its treasury shares at $27 cash per share. July 22 Sold 3,100 of its treasury shares at $20 cash per share. Aug. Sept. 5 Directors declared a $2 per share cas 28 Pald the dividend declared on Septenber 5. Oct. dividend payable on October 28 to the September 25 stockholders of record. Dec. 31 Closed the $407,000 credit balance (from net income) in the Income Sunnary account to Retained Carnings. General General Ledger Statement of RE Stockholders Equity Impact on Equity Requirement Journal Trial Balance Journal entry worksheet 3 6. 7 8 Purchased 5,000 shares of its own stock at $23 cash per share. Note: Enter debits before credits. Date Account Title Debit Credit Jan 02 Record entrY Cleat eniry View general journal 2. General Journal Requirement Ledger Dates: Jan 01 ZEPHYR CORPORATION Trial Balance December 31, 2019 Debit Credit Account Title 480,000 Cash 194,000 Accounts recelvable 790,000 Equipment Accumulated depreciation - Equipment Common stock Paid-in capital. Common Retained earnings mices 72.000 500.000 75,000 410.000 income summary 407.000 Total 1.464.000 S 1.464.000 General Ledger Statement of RE General Journal General Statement of Stockholders RE Impact on Equity Requirement Trial Balance Ledger Equity Prepare the Statement of Retained Earnings for Zephyr Corporation for the year ended December 31. ZEPHYR CORPORATION Statement of Retained Earnings For Year Ended December 31 < Trial Balance Stockholders Equity > General Journal Statement of Stockholders RE Impact on Equity General Requirement Ledger Trial Balance Equity Prepare the stockholders' equity section of Zephyr Corporation's balance sheet as of December 31. Dates: Jan 01 to: Dec S ZEPHYR CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Total contributed capital Total stockholders equity Statement of RE Impact on Equity> Dates: Jan 01 Impact on equity %24 Total Stockholders' Equity -January 1 Jan. 2) Purchased 5,000 shares of its own stock at $23 cash per share. Jan. 5) Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb. 28) Paid the dividend declared on January 5. Jul. 6) Sold 1,900 of its treasury shares at $27 cash per share. Aug 22) Sold 3.100 of its treasury shares at $20 cash per share. Sep. 5) Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28) Paid the dividend declared on September 5. Dec. 31) Closed the $407.000 credit balance (from net income) in the Income Summary account to Retained Earnings.
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Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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