- 1.30 y Practice Assignment Gradebook . c ORION Downloadable Textbook Assignment RCES Brief Exercise 14-03 Crane Corporation has 51,500 shares of $11 par value common stock outstanding. It dedans 15% stock dividend on December when the market price per shares 17 The dividend shares are issued on December Prepare the entries for the declaration and sunce of the stock dividend. (ecord journal s in the order presented the proc e se utomatically indented when amontntered. Do not indenta lly entry required select No Fatry for the account and mounts Date Account Titles and Explanation Credit Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Ry accessing this question A nsW am w QUE R Patent wayganat, Accounting Principles, 130 Assignment Gradebook ORION Downloadable Textbook signment Exercise 14-03a-b (Video) On January 1, 2020, Sandhill Corporation had $1,045,000 of common stock outstanding that was issued at par. It also had retained earnings of 5744,500. The company issued 44,500 shares of common stock at par on July 1 and camed net income of $405,000 for the year. Journalize the declaration of a 16 stock dividend on December 10, 2020, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. I no entry is required, select "No Entry for the account des and enter for the amounts) a. b. Par value is $10, and market price is $18. Par value is $5, and market price is $22 No. Account Titles and Explanation Click if you would like to Show Work for this question: Open Show Work Practice ASTE DORURUH W BUKUR ON signment CALCULATOR PULLSCREEN TV Exercise 14-09 Wildhorse Company reported retained earnings at December 31, 2019, of $318,500. Wildhorse had 198,500 shares of common stock outstanding at the beginning of 2020. The following transactions occurred during 2020 1. A cash dividend of $0.70 per share was declared and paid. 2. A 10% stock dividend was declared and distributed when the market price per share was $14 per share. 3. Net income was $283,000 Compute the ending balance in retained earnings at the end of 2020. Retained earnings Click if you would like to Show Work for this questiontoen Show Work LINK TO TEXT By accessing this Question Assistance, you will learn while you eam points based on the Point Potential Policy set by your instructor Question Attempts Unlimited SAVE FOR LATER SUBMIT ANSWER TODOK signment CALCULATOR PULS Exercise 14-08 On January 1, 2020, Crane Corporation had retained earnings of $531,000. During the year, Crane had the following selected transactions 1. Declared cash dividends $111,000. 2. Corrected overstatement of 2019 net income because of inventory error $35,500. 3. Earned net income'$340,500. 4. Declared stock dividends $55,500. Determine the retained earnings balance at the end of the year. Retained earnings Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Question Attempts: Unlimited SAVE POR LATE