Taylor Tennis. Inc.. completed the following selected transactions during 20X6: Feb. 6 Feb. 20 Mar. 21 Apr.

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Taylor Tennis. Inc.. completed the following selected transactions during 20X6: Feb. 6 Feb. 20 Mar. 21 Apr. 18 June 18 Dec. 22 Required Declared a cash dividend on the 10.000 shares of $2.25, no-par preferred stock. Declared a $0.20 per share dividend on the 10.000 shares of common stock outstanding. The date of record is February 17, and the payment date is February 20. Paid the cash dividends. Split common stock 3 for 1 by calling in the 10,000 shares of $15 par common and issuing new stock in its place. Distributed a 50% stock dividend on the common stock. The market value of the common stock was $27 per share. Purchased 2,400 shares of the company's own common stock at $12 per share. Sold 700 shares of treasury common stock for $16 per share. Record the transactions in the general journal.

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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