February 28 Paid the dividend declared on January 5. July 6 Sold 2,000 of its treasury shares at $24 cash per share. August 22 Sold 2,000 of its treasury shares at $16 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. 10 October 28 Paid the dividend declared on September 5. points December 31 Closed the $388,000 credit balance ( from net income) in the Income Summary account to Retained Earnings. Requirement General General Ledger Trial Balance Statement of Stockholders Impact on Journal RE Equity Equity eBook During the year, the following transactions affected its stockholders'0 equity accounts. Prepare the necessary journal entries. If no journal entry is required, select "No journal entry required" in the first input box. Print View transaction list References Journal entry worksheet tudents Home DEL Homepage - ACCT 281 DEA. Course Project: Part 1 1 M Saved GL1301 (Static) - Based on Problem 13-2A Kohler Company LO C3, P2, P3 10 Kohler Corporation reports the following components of stockholders' equity on January 1. points Common stock-$10 par value, 100, 000 shares authorized, 40, 000 shares issued and outstanding Paid-in capital in excess of par value, common stock $ 400, 000 Retained earnings 60, 000 270, 000 Total stockholders' equity $ 730, 000 eBook During the year, the following transactions affected its stockholders' equity accounts. Print January 2 Purchased 4,000 shares of its own stock at $20 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. References July 6 Sold 2,000 of its treasury shares at $24 cash per share. August 22 Sold 2,000 of its treasury shares at $16 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the dividend declared on September 5. December 31 Closed the $388, 000 credit balance ( from net income) in the Income Summary account to Retained Earnings. General General Ledger Trial Balance Statement of Stockholders Impact on Requirement Journal RE General Journal General Journal tab - Journalize the transactions related to the notes and accounts payable of Kohler Corporation. The General Ledger, Trial Balance and Schedule of Payables will be updated based on your entries. General Ledger tab - One of the advantages of general ledger software is that posting is done automatically. To see the detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab. Trial Balance tab - General ledger software also automates the preparation of trial balances. A trial balance lists each account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal total credits. Statement of Retained Earnings tab - Prepare the Statement of Retained Earnings for the Kohler Corporation for the year ended December 31. Stockholders' Equity tab - Prepare the Stockholders' equity section of Kohler Corporation's December 31 balance sheet. Impact on Equity tab - For each transaction, indicate the total change in Stockholders' Equity, if any. Verify that total equity, as calculated, agrees with the amount reported on the Stockholders' Equity tab. General Journal 1 of 8 Next >C Students Home Homepage - ACCT 281 DEA. M Course Project: Part 1 i Saved 2 GL1302 (Static) - Based on Problem 13-4A Atticus Group LO C3, P2, P3 The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. 10 points Stockholders' Equity (January 1) Common stock-$4 par value, 100, 000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock $ 160, 000 Skipped Retained earnings 120, 000 320, 000 Total stockholders' equity $ 600, 000 Stockholders' Equity (December 31) Common stock-$4 par value, 100, 000 shares authorized, 47, 400 shares issued, 3,000 shares in treasury eBook 189, 600 Paid-in capital in excess of par value, common stock 179, 200 Retained earnings ($30, 000 restricted by treasury stock) 400, 000 768, 800 Less cost of treasury stock (30, 000) Print Total stockholders' equity $ 738, 800 The following transactions and events affected its equity during the year. References January 5 Declared a $0.50 per share cash dividend, payable on January 10. March 20 Purchased treasury stock for cash. April 5 Declared a $0.50 per share cash dividend, payable on April 10 July 5 Declared a $0.50 per share cash dividend, payable on July 10. July 31 Declared a 20% stock dividend when the stock's market value was $12 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.50 per share cash dividend, date of record October 10. General General Cash Requirement Journal Ledger Trial Balance Dividends Stock Dividend Calculate the amount of retained earnings to be capitalized as a result of the stock dividend. Dates: January 01 to: January 01 Capitalization of retained earnings due to stock dividend: Number of shares outstanding on July 30 Percentage of stock dividend Number of shares to be issued Amount to be capitalized per share Total amount to be capitalized MCCourse Project: Part 1 1 Saved February 28 Paid the dividend declared on January 5. July 6 Sold 2,000 of its treasury shares at $24 cash per share. August 22 Sold 2,000 of its treasury shares at $16 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholde record. October 28 Paid the dividend declared on September 5. 10 December 31 Closed the $388, 000 credit balance (from net income) in the Income Summary account to Retained Earnin points Requirement General General Statement of Stockholders Impact on Journal Ledger Trial Balance RE Equity Equity Book During the year, the following transactions affected its stockholders'0 equity accounts. Prepare the necessary journal entries. If no journal entry is required, select "No journal entry required" in the first input box. Print View transaction list References Journal entry worksheet 2 GL1302 (Static) - Based on Problem 13-4A Atticus Group LO C3, P2, P3 The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. points Stockholders' Equity (January 1) Common stock-$4 par value, 100, 000 shares authorized, 40,000 shares issued and outstanding Skipped Paid-in capital in excess of par value, common stock $ 160, 000 Retained earnings 120, 000 Total stockholders' equity 320, 000 $ 600, 000 Stockholders' Equity (December 31) eBook Common stock-$4 par value, 100,000 shares authorized, 47, 400 shares issued, 3, 000 shares in treasury Paid-in capital in excess of par value, common stock $ 189, 600 Retained earnings ($30, 000 restricted by treasury stock) 179, 200 400, 000 Less cost of treasury stock 768, 800 Print (30, 000) Total stockholders' equity $ 738, 800 The following transactions and events affected its equity during the year. References January 5 Declared a $0.50 per share cash dividend, payable on January 10. March 20 Purchased treasury stock for cash. April 5 Declared a $0.50 per share cash dividend, payable on April 10. July 5 Declared a $0.50 per share cash dividend, payable on July 10. July 31 Declared a 20% stock dividend when the stock's market value was $12 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.50 per share cash dividend, date of record October 10. General General Cash Requirement Trial Balance Stock Dividend Journal Ledger Dividends Calculate the dollar amount of each cash dividend. Dates: January 01 to: January 01 Calculation of Cash Dividends January 05 April 05 July 05 October 05 How many common shares are outstanding? Dividend per share Total cash dividend Prev 1 of 8 Next > Mc