Common stock, $20 stated value (500,000 shares authorized, 375,000 shares issued) $7500000

Paid in capital in excess of state value - common stock $825,000

Retained earnings $33,600,000

Treasury stock (25,000 shares at a cost of $18 per share)

April 10 - issued 75,000 shares of common stock got $24 per share

July 5 - Declared a 4% stock dividend on common stock, to be capitalized at the market price of the stock, which is $25 per share.

Journalize July 5th Stock dividends. 450,000 Stock dividend distributable. ??? Paid in Capital in excess of stated value. ???

Also need help with #3 & #4

on common stock. g. Paid the cash dividends. Instructions entries to record the transactions. Identify each entry by leter Journalize the entries to record PR 13-4A Entries for selected corporate transactions Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders'squit OBJ.3,4,5, ders equity,of Morrow Enterprises Inc., with balances on January 1, 20Y5, are as fol: ws: cCuns 200 Common Stock, $20 stated value (500,000 shares authorized Paid-In Capital in Excess of Stated Value-Common Stock.. Treasury Stock (25,000 shares, at a cost of $18 per share). . . .. . 7,500,000 825,000 33,600,000 450,000 . xcel . . . . . . . . . eral ger The following selected transactions occurred during the year: Jan. 22. Paid cash dividends of $0.08 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $28,000. Apr. 10. Issued 75,000 shares of common stock for $24 per share. June 6. Sold all of the treasury stock for $26 per share. July 5, Declared a 4% stock dividend on common stock, to be capitalized at the mar- ket price of the stock, which is $25 per share. Chapter 13 Corporations: Organization, Stock Transactions, and Dividends 667 Aug. 15. Issued the certificates for the dividend declared on July 5. Nov. 23. Purchased 30,000 shares of treasury stock for $19 per share. Dec. 28. Declared a $0.10-per-share dividend on common stock. 31. Closed the two dividends accounts to Retained Earnings. Instructions 1. Enter the January 1 balances in T accounts for the stockholders' equity accounts listed. Also prepare T accounts for the following: Paid-In Capital from Sale of Treasury Stock; Stock Dividends Distributable; Stock Dividends; Cash Dividends. 2. Journalize the entries to record the transactions and post to the eight selected accounts. 3. Prepare a retained earnings statement for the year ended December 31, 20Y5 4. Prepare the Stockholders' Equity section of the December 31, 20Y5, balance sheet us- ing Method 1 of Exhibit 8. OBJ. 3, 4, 5,6 PR 13-5A Entries for selected corporate transactions