Exercise 235 On January 1, 2020, Windsor, Inc. had 81,000 shares of 51 par value common stock issued and outstanding. During the year, the following transactions occurred: Mar. 1 Issued 98.000 shares of common stock for $616,000 June 1 Declared a cash dividend of $2.00 per share to stockholders of record on June 15. June 30 Paid the $2.00 cash dividend. De 1 Purchased 9,000 shares of common stock for the treasury for $19 per share Dec. 15 Declared a cash dividend on outstanding shares of $2.50 per Share to stockholders of record on December 31 Net Income for 2020 amounted to $953,000 Prepare journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Deb Crede Mar. 1 June 1 June 30 Dec. 1 Dec. 15 Issued 98,000 shares of common stock for $616,000 Declared a cash dividend of $2.00 per share to stockholders of record on June 15 Paid the $2.00 cash dividend. Purchased 9,000 shares of common stock for the treasury for $19 per share. Declared a cash dividend on outstanding shares of $2.50 per share to stockholders of record on December 31. Net Income for 2020 amounted to $953,000 Prepare journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Exercise 203 The following information is available for Splish Brothers Corporation for the year ended December 31, 2022 Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net Income Cash received for sale of land at book value Sales revenue Cash dividends paid Income tax payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds $35.000 3,200 85,000 9,100 13,600 333,500 35,000 742,000 10,500 4,200 147,500 32,700 291,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign 15000 or in parenthesis (15,000)) SPLISH BROTHERS CORPORATION Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to
