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I Need help with Accounting 291 week 4 Question 7 On January 1, 2014 Everett Corporation had these stockholders' equity accounts I attempted to complete
I Need help with Accounting 291 week 4 Question 7
"On January 1, 2014 Everett Corporation had these stockholders' equity accounts"
I attempted to complete some of the assignment.
I need someone to review what I have done and complete what I haven't done.
Question 7 On January 1, 2014, Everett Corporation had these stockholders' equity accounts. Common Stock ($10 par value, 74,900 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $749,000 486,500 631,000 During the year, the following transactions occurred. Jan. 15 Declared a $0.50 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 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $15 per share. May 15 Issued the shares for the stock dividend. Dec. 1 Declared a $0.60 per share cash dividend to stockholders of record on December 15, payable January 10, 2015. Dec. 31 Determined that net income for the year was $403,100. CK INTERNAL CK INTERNAL CK INTERNALStep by Step Solution
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