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I need help this is the same question had to take it on two pictures to get all of it. Problem 14-1A On January 1,
I need help
this is the same question had to take it on two pictures to get all of it.
Problem 14-1A On January 1, 2017, Geffrey Corporation had the following stockholders' equity accounts Common Stock ($26 par value, 59,500 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,547,000 191,000 564,000 During the year, the following transactions occurred. Feb. 1 Mar. 1 Apr.1 July 1 Decdared a $3 cash dividend per share to stockholders of record on February 15, payable March 1 Paid the dividend dedared in February Announced a 2-for-1 stock split. Prior to the split, the market price per share was $35. Declared a 10% stock dividend to stockholders of record on July 15, distributable July 31, on July 31 Issued the shares for the stock dividend. Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 31 Determined that net income for the year was $308,000. the transactions and the closing entries for net income and dividends. (Credit account titdles nt titles and enter O for the amounts. Record journal entries
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