Question
ACC113 Ex12: Intel Corporation reports the following components of stockholders' equity on December 31, 2017. Common stock - $8 par value, 75,000 Shares authorized,
ACC113 Ex12: Intel Corporation reports the following components of stockholders' equity on December 31, 2017. Common stock - $8 par value, 75,000 Shares authorized, 35,000 Shares issued and Outstanding Paid in capital in Excess of par value, common stock Retained Earnings..... Total Stockholder's equity $280,000 $20,000 $95,000 $395,000 In year 2018, the following transactions affected its stockholders' equity accounts. January 1th, Directors declared a $4 per share cash dividend payable on March 29. January 20th, Purchased 1,500 shares of its own stock at $18 cash per share. March 29th, Paid the dividend declared on January 1. June 3rd, Sold 500 of its treasury shares at $21 cash per share. August25th, Sold reminder of its treasury shares at $15 cash per share. October 1", the Corporation issued 5,000 of its common stock at $10 per share. November 28th, Intel Corporation implements a 2-for-1 stock split instead of the stock dividend. Required: Prepare journal entries to record each of these transactions for 2018. Date Debit Credit
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