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Believe I have the sections right but confused on numbers Apr 18: Declared and distributed a 5% stock dividend on the common stock. The market
Believe I have the sections right but confused on numbers
Apr 18: Declared and distributed a 5% stock dividend on the common stock. The market value of the common stock was $20 per share. Journal Entry Date Accounts Debit Credit More Info - X Apr 18 Retained earings Common stock Paid-in capital in excess of par-common Jun 18: Purchased 4,000 shares of treasury common stock at $25 per share. Jan 6 Declared a cash dividend on the 12,000 shares of $3, no-par preferred stock outstanding. Declared a 50.35 per share dividend on the 9,000 shares of common stock outstanding. The date of record is January 17, and the payment date is January 20. Jan 20 Paid the cash dividends. Mar 21 Split common stock 2-for-1 by calling in the 9.000 shares of S4 par common stock and issuing new stock in its place. Apr 18 Declared and distributed a 5% stock dividend on the common stock. The market value of the common stock was $20 per share. Jun 18 Purchased 4,000 shares of treasury common stock at $25 per share. Dec 22 Sold 2.000 shares of treasury common stock for S27 per share. Journal Entry Accounts Debit Credit Date 18 Jun Treasury stock Cash Print Done Dec 22: Sold 2,000 shares of treasury common stock for $27 per share. Journal Entry Accounts Debit Credit Date Dec 22 || Cash Traspun cartStep by Step Solution
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