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Help me prepare these journal entries: Common stock $ 1 0 par value, 1 0 0 , 0 0 0 shares authorized, 4 0 ,
Help me prepare these journal entries: Common stock$ par value, shares authorized, shares issued and outstanding $ Paidin capital in excess of par value, common stock Retained earnings Total stockholders' equity $ During the following transactions affected its stockholders equity accounts. Jan. Purchased shares of its own stock at $ cash per share. Jan. Directors declared a $ per share cash dividend payable on February to the February stockholders of record. Feb. Paid the dividend declared on January July Sold of its treasury shares at $ cash per share. Aug. Sold of its treasury shares at $ cash per share. Sept. Directors declared a $ per share cash dividend payable on October to the September stockholders of record. Oct. Paid the dividend declared on September Dec. Closed the $ credit balance from net income in the Income Summary account to Retained Earnings.
Help me prepare these journal entries:
Common stock$ par value, shares authorized,
shares issued and outstanding $
Paidin capital in excess of par value, common stock
Retained earnings
Total stockholders' equity $
During the following transactions affected its stockholders equity accounts.
Jan. Purchased shares of its own stock at $ cash per share.
Jan. Directors declared a $ per share cash dividend payable on February to the February stockholders of record.
Feb. Paid the dividend declared on January
July Sold of its treasury shares at $ cash per share.
Aug. Sold of its treasury shares at $ cash per share.
Sept. Directors declared a $ per share cash dividend payable on October to the September stockholders of record.
Oct. Paid the dividend declared on September
Dec. Closed the $ credit balance from net income in the Income Summary account to Retained Earnings.
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