=+PR 13-4A Entries for selected corporate transactions objs. 3, 4, 5, 6 4. Total stockholders equity,
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=+PR 13-4A Entries for selected corporate transactions objs. 3, 4, 5, 6
✔ 4. Total stockholders’ equity,
$11,407,975 Chapter 13 Corporations: Organization, Stock Transactions, and Dividends 609 Apr. 3. Issued 50,000 shares of common stock for $1,700,000.
July 30. Declared a 2% stock dividend on common stock, to be capitalized at the market price of the stock, which is $36 per share.
Aug. 30. Issued the certificates for the dividend declared on July 30.
Nov. 7. Purchased 25,000 shares of treasury stock for $800,000.
Dec. 30. Declared a $0.45-per-share dividend on common stock.
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