Full progress=false eBook Show Me How Calculator Entries for Stock Dividends Senior Life Co. is an HMO for businesses in the Portland area. The following account balances appear on the balance sheet of Senior Life Co.: Common stock (800,000 shares authorized: 500,000 shares issued). $4 par, $2,000,000; Paid-in capital in excess of par-common stock, $1,000,000; and Retained earnings, $33,500,000. The board of directors declared a 2% stock dividend when the market price of the stock was $13 a share. Senior Life Co. reported no income or loss for the current year. For a compound transaction, if an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required from the dropdown. al. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value Cash Treasury Stock Paid In Capital in Excess of Par-Common Stock a2. Journalize the entry to record the issuance of the stock certificates Common Stock Paldin Capital in Excess of Par.common Stock b. Determine the following amounts before the stock dividend was declared: (1) total ald-in capital (2) total retained earnings, and (3) total stocholders equity. Total paid in capital Total retained earnings Check My Work 10 more Check My Woutes remaining Previous Next 4/1/2020 Assignment/take AssignmentMain.do?invoker=&takeAssignmentSessionLocator&inprogress=false eBook Calculator AN Instructions On December 1 of the current year, the following accounts and their balances appear in the ledger of Latte Corp., a coffee processor $4,000,000 560.000 Preferred 2% Stock, 550 par (250,000 shares authorized 80,000 shares issued) Paid in Capital in Excess of Par-Preferred Stock Common Stock, 535 par (1,000,000 shares authorized, 400,000 shares issued) Paid-in Capital in Excess of Par-Common Stock Retained Earnings 14,000,000 1,200,000 180.000.000 At the annual stockholders meeting on March 31, the board of directors presented a plan for modernizing and expanding plant operations at a cost of approximately $11,000,000. The plan provided (a) that a building, valued at $3,375,000, and the land on which it is located, valued at $1,500,000, be acquired in accordance with preliminary negotiations by the issuance of 125.000 shares of common stock valued at $39 per share. (b) that 40.000 shares of the unissued preferred stock be issued through an underwriter and (c) that the corporation borrow $4,000,000. The plan was approved by the stockholders and accomplished by the following transactions May 11 20 31 issued 125.000 shares of common stock in exchange for land and a building, according to the plan issued 40.000 shares of preferred stock receiving 552 per share in cash Borrowed 54.000.000 from Laurel National, giving a 5% mortgage note Check My Work to more Check My Work uses Romaining Previous Next > Full progress=false eBook Show Me How Calculator Entries for Stock Dividends Senior Life Co. is an HMO for businesses in the Portland area. The following account balances appear on the balance sheet of Senior Life Co.: Common stock (800,000 shares authorized: 500,000 shares issued). $4 par, $2,000,000; Paid-in capital in excess of par-common stock, $1,000,000; and Retained earnings, $33,500,000. The board of directors declared a 2% stock dividend when the market price of the stock was $13 a share. Senior Life Co. reported no income or loss for the current year. For a compound transaction, if an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required from the dropdown. al. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value Cash Treasury Stock Paid In Capital in Excess of Par-Common Stock a2. Journalize the entry to record the issuance of the stock certificates Common Stock Paldin Capital in Excess of Par.common Stock b. Determine the following amounts before the stock dividend was declared: (1) total ald-in capital (2) total retained earnings, and (3) total stocholders equity. Total paid in capital Total retained earnings Check My Work 10 more Check My Woutes remaining Previous Next 4/1/2020 Assignment/take AssignmentMain.do?invoker=&takeAssignmentSessionLocator&inprogress=false eBook Calculator AN Instructions On December 1 of the current year, the following accounts and their balances appear in the ledger of Latte Corp., a coffee processor $4,000,000 560.000 Preferred 2% Stock, 550 par (250,000 shares authorized 80,000 shares issued) Paid in Capital in Excess of Par-Preferred Stock Common Stock, 535 par (1,000,000 shares authorized, 400,000 shares issued) Paid-in Capital in Excess of Par-Common Stock Retained Earnings 14,000,000 1,200,000 180.000.000 At the annual stockholders meeting on March 31, the board of directors presented a plan for modernizing and expanding plant operations at a cost of approximately $11,000,000. The plan provided (a) that a building, valued at $3,375,000, and the land on which it is located, valued at $1,500,000, be acquired in accordance with preliminary negotiations by the issuance of 125.000 shares of common stock valued at $39 per share. (b) that 40.000 shares of the unissued preferred stock be issued through an underwriter and (c) that the corporation borrow $4,000,000. The plan was approved by the stockholders and accomplished by the following transactions May 11 20 31 issued 125.000 shares of common stock in exchange for land and a building, according to the plan issued 40.000 shares of preferred stock receiving 552 per share in cash Borrowed 54.000.000 from Laurel National, giving a 5% mortgage note Check My Work to more Check My Work uses Romaining Previous Next >