Jan. 15. | Paid cash dividends of $0.13 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $56,160. |
Mar. 15. | Sold all of the treasury stock for $17 per share. |
Apr. 13. | Issued 90,000 shares of common stock for $1,620,000. |
June 14. | Declared a 4% stock dividend on common stock, to be capitalized at the market price of the stock, which is $20 per share. |
July 16. | Issued shares of stock for the stock dividend declared on June 14. |
Oct. 30. | Purchased 30,000 shares of treasury stock for $19 per share. |
Dec. 30. | Declared a $0.16-per-share dividend on common stock. |
31. | Closed the two dividends accounts to Retained Earnings. 1. The January 1 balances have been entered in T accounts for the stockholders' equity accounts. Record the above transactions in the T accounts and provide the December 31 balance where appropriate. If required, round to one decimal place. Common Stock | | | Jan. 1 Bal. | 4,800,000 | | | Apr. 13June 14July 16Dec. 27Apr. 13 | fill in the blank 2 | | | Jan. 22June 14July 16Dec. 30July 16 | fill in the blank 4 | | | Dec. 31 Bal. | fill in the blank 5 | Paid-In Capital in Excess of Stated Value-Common Stock | | | Jan. 1 Bal. | 900,000 | | | Apr. 13June 14July 16Dec. 30Apr. 13 | fill in the blank 7 | | | June 14July 16July 16Dec. 30June 14 | fill in the blank 9 | | | Dec. 31 Bal. | fill in the blank 10 | Retained Earnings | Apr. 13June 14July 16Dec. 31Dec. 31 | fill in the blank 12 | Jan. 1 Bal. | 10,900,000 | | | Jan. 22June 14Oct. 30Dec. 31Dec. 31 | fill in the blank 14 | | | Dec. 31 Bal. | fill in the blank 15 | Treasury Stock | Jan. 1 Bal. | 672,000 | Apr. 13Mar. 15July 16Dec. 31 | fill in the blank 17 | Jan. 22June 14Oct. 30Dec. 31 | fill in the blank 19 | | | Dec. 31 Bal. | fill in the blank 20 | | | Paid-In Capital from Sale of Treasury Stock | | | Mar. 15June 14Oct. 30Dec. 30 | fill in the blank 22 | Stock Dividends Distributable | Jan. 22July 16Oct. 30Dec. 31 | fill in the blank 24 | Jan. 22June 14Oct. 30Dec. 31 | fill in the blank 26 | Stock Dividends | Jan. 22June 14Oct. 30Dec. 31 | fill in the blank 28 | Jan. 22July 16Oct. 30Dec. 31 | fill in the blank 30 | Cash Dividends | Jan. 22July 16Oct. 30Dec. 30 | fill in the blank 32 | Jan. 22July 16Oct. 30Dec. 31 | fill in the blank 34 | |