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i have all the accounts entered just need help with some of the numbers On January 1,2022 , Larkspur, Inc. had the following stockholders' equity
i have all the accounts entered just need help with some of the numbers
On January 1,2022 , Larkspur, Inc. had the following stockholders' equity accounts. During the year, the following transactions occurred. Jan. 15 Declared a $1 cash dividend per share to stockholders of record on January 31, payable February 15. Feb. 15 Paid the dividend declared in January. Apr.15 Declared a 5\% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price. of the stock was $16 per share. May 15 Issued the shares for the stock dividend. July 1 Announced a 2 -for 1 stock split. The market price per share prior to the announcement was $14. (The new par value is Dec. 1 Declared a \$0.50 per share cash dividend to stockholders of record on December 15, payable January 10, 2023. Dec. 31 Determined that net income for the year was $225,000. Journalize the transactions and the closing entries for net income and dividends. (Record journal entries in the order presented in the problem. Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.) Dec. 1 Cash Dividends Dividends Payable \begin{tabular}{|l|l|} \hline Dec.31 & Retained Earnings \\ Cach Dividends \end{tabular} (To close cash dividends) 225000 (To dose net income) eTextbook and Media List of Accounts Swe for tater Attempts: 0 of 4 used Submit Step by Step Solution
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