Question
journalize the entries for co. XYZ a). Jan 1st no of common shares issued/outstanding on Jan 1st 4,500 the par value of the common share
journalize the entries for co. XYZ
a). Jan 1st
no of common shares issued/outstanding on Jan 1st 4,500
the par value of the common share $15
the trading price of the stock on Jan 1st $20
b). 30-mar declared $5 cash dividends against each common share
c). 15th April distributed cash dividends announced on 30th march
d). 30th April declared 5% stock dividends
the trading price on 30th April $25
e). 15th may distribute stock dividends announced on 30th April
f). 15th may calculate equity before and after stock dividends
g). 30th may no of re-acquired shares 1,200
the buying price of treasury stock (hint: no of shares =initial
no.+ stock div shares) $27
h). 15th June no of shares re-issued (out of treasury stocks) 800
the selling price of treasury stocks $36
i). 30th June
suppose the firm did not re-issue treasury stocks on 15th
June .assume on the basis of no. of stock on 30th June the firm
announced a stock split with a 1: 3 ratio
calculate par value and no of shares outstanding
j). 30th June
on the basis of the above-mentioned stock, split calculate
equity before and after stock split
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