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April 30 and july 1
progress-false Caluso Stockholders' Equity Section of Balance sheet The following accounts and their balances appear in the ledger of Goodale Properties inc on June 30 of the current year: Common Stock, $15 par $513,000 Pald-In Capital from Sale of Treasury Stock 21,100 Pald-in Capital in Excess of Par-Common Stock 13,680 Retained Earnings 805,000 Treasury Stock 10,640 Prepare the stockholders' Equity section of the balance sheet as of June 30 using Method 1 of Exhibit . Bghty thousand shares of common stock are authored, and 500 Goodale Properties Inc. Stockholders' Equity June 30 Pald-in Capital Common Stoch, 145 Par (50,000 Shares Authorized, 11,400 shares inued) Ek Over Par Paid in capital, common stock Tromsae of Treasury Stock Total Paid In Capital Total stockholders Equity Localor=&inprogress=false Selected Dividend Transactions, stock split Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows: Journalize the transactions If no entry is requtred, type "No Entry Required and leave the amount boxes blank. If an amount box does not require an entry, leave blank. Jan. 8. Split the common stock 2 for 1 and reduced the par from $14 to $22 per share. After the split, there were 135,000 common shares outstanding Jan. 8 No Entry Required No Entry Required Charly War Review the effect of stock splits on equity accounts Apr. 30. Declared semiannual dividends of $0.0 on 9,000 shares of preferred stock and $0.06 on the common stock payable on July 1 Apr 30 Cash Dividends Cash Dividends Payable 18 July 1. Paid the counds July 1 Cash Dividends payable Cash Oct. 31. Declared semiannual dividends of $0.0 on the preferred stock and 50:04 on the common stock before the end) In addition, a 19cmon stock fair market value of the common stock imated at 540. cash dividends C Dividend 12 den 12.00 Cash Oct. 31. Declared semiannual dividends of $0.80 on the preferred stock and $0.04 on the common stock (before the stock dividend). In addi falr market value of the common stock is estimated at $40. Cash dividends Cash Dividends 12,600 Cash Dividends Payable 12,500 54,000 Stock dividends Stock Dividends Stock Dividends Distributable Pald-In Capital in Excess of Par-Common Stock 29,700 24,300 Foshack Chede Ny Work on the date of declaration of a cash dividend, it becomes legally binding. How do stock dividends affect stockholders' equity? Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend. Payment Cash Dividends Payable 12,600 Cash 12,600 Issuance stock Dividends Distributable 29,700 Common Stock 29,700 What are the stockholders receiving Check my work more Check My Worm All work saved
