=+PR 13-3A Selected stock transactions objs. 3, 4, 5 f. Cash dividends, $387,050 Krisch Enterprises Inc.
Question:
=+PR 13-3A Selected stock transactions objs. 3, 4, 5
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f. Cash dividends,
$387,050 Krisch Enterprises Inc. produces aeronautical navigation equipment. The stockholders’ equity accounts of Krisch Enterprises Inc., with balances on January 1, 2010, are as follows:
Common Stock, $20 stated value (250,000 shares authorized, 175,000 shares issued) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,500,000 Paid-In Capital in Excess of Stated Value . . . . . . . . . . . . . . . . . . 1,750,000 Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,600,000 Treasury Stock (40,000 shares, at cost) . . . . . . . . . . . . . . . . . . . . 1,000,000 The following selected transactions occurred during the year:
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