eBook Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year. ACCOUNT Common Stock $20 par ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan 1 Balance 40,000 shares 800,000 Apr. 2 10,000 shares issued for cash 200,000 1,000,000 June 30 2,000-share stock dividend 40,000 1,040,000 ACCOUNT Poid-In Capital in Excess of Par.Com Common Stock ACCOUNT NO Balance Date Item Debit Credit Debit Credit Jan 1 80,000 Apr 2 June 30 Balance 10,000 shares issued for cash Stock dividend 320,000 400,000 430,000 30,000 ACCOUNT Retained Earnings ACCOUNT NO Balance Debit Credit Date Item Debit Credit Jan 1 Apr. 2 Balance 10,000 shares issued for cash Stock dividend 320,000 30,000 80,000 400,000 430,000 June 30 ACCOUNT Retained Earnings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan 1 Balance 664,000 June 30 Stock dividend 70,000 594,000 Dec 30 Cash dividend 76,400 517,600 31 Net Income 478,100 995,700 1 an amount is not reported on the statement of cash flows, enter in "O" in the Amount column Item Section of Statement of Cash Flows Added or Deducted Sale of common stock Dec Amount Cash dividend Stock dividend Jan 1 80,000 Apr 2 June 30 Balance 10,000 shares issued for at Stock dividend 320,000 400,000 430,000 30,000 ACCOUNT Retained Earnings ACCOUNT NO Balance Debit Credit 664,000 594,000 Date Item Debit Credit Jan 1 Balance June 30 Stock dividend 70,000 Dec 30 Cash didend 76,400 Dec 31 Net Income 478.100 If an amount is not reported on Financing activities section Item Investing activities section Sale of common stock Not report on statement of cash flows Cash dividend Operating action 517.500 995,700 Amount column Added or Deducted Amount Stock dividend Oud My onto Cha Mb Previou Al worked Saranda Submit 1 W MacBook Air 888 4 5 & 7 * 8 6 9 O R T Y U O { F G H J L V B M N ACCOUNT Retained Earnings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan 1 Balance 664,000 June 30 Stock dividend 70,000 594,000 Dec. 30 Cash dividend 76,400 517,600 Dec. 31 Net income 478,100 995,700 If an amount is not reported on the statement of cash flows, enter in "o" in the Amount column. Item Section of Statement of Cash Flows A Added jed Sale of common stock Deducted Cash dividend Not applicable Amount Stock dividend Check My Work 3 more Check My Work uses remaining All work saved Email Instructor Save MacBook Air 999 ODO 78 $ A % 5 & 7 * 00 6 ) 0 9 R T Y 0 P F G I L
