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Journalize the following entries ssions.lahoreschool.edu.pk/student/student_main.php?formid=24&facid=466&facultyid=5215 0 ... VI JOURNALIZE IN ENTRIES TUK LO. AYL (2 MARNS EACH) A JAN 1ST NO OF COMMON SHARES ISSUED/OUTSTANDING
Journalize the following entries
ssions.lahoreschool.edu.pk/student/student_main.php?formid=24&facid=466&facultyid=5215 0 ... VI JOURNALIZE IN ENTRIES TUK LO. AYL (2 MARNS EACH) A JAN 1ST NO OF COMMON SHARES ISSUED/OUTSTANDING ON JAN 1ST 18,000 PAR VALUE OF COMMON SHARE S8 TRADING PRICE OF STOCK ON JAN 1ST $10 30-MAR DECLARED $2 CASH DIVIDENDS AGAINST EACH COMMON SHARE 15TH APRIL DISTRIBUTED CASH DIVIDENDS ANNOUNCED ON 30TH MARCH D 30TH APRIL DECLARED 4% STOCK DIVIDENDS TRADING PRICE ON 30TH APRIL $13 E 15TH MAY DISTRIBUTED STOCK DIVIDENDS ANNOUNCED ON 30TH APRIL F 15TH MAY CALCULATE EQUITY BEFORE AND AFTER STOCK DVIDENDS 15,000 G 30TH MAY NO OF RE-AQUIRED SHARES BUYING PRICE OF TREASURY STOCK (HINT: NO OF SHARES INITIAL NO.+ STOCK DIV SHARES) $15 8000 H 15TH JUNE NO OF SHARES RE-ISSUED OUT OF TREASURY STOCKS) SELLING ORICE OF TREASURY STOCKS S18 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 I 30TH JUNE ANNOUNCED A STOCK SPLIT WITH 1:4 RATIO CALCULATE PAR VALUE AND NO OF SHARES OUTSTANDING ON THE BASIS OF THE ABOVE MENTIONED STOCK SPLIT CALCULATE EQUITY BEFORE AND AFTER STOCK SPLIT 30TH JUNE XO GO ssions.lahoreschool.edu.pk/student/student_main.php?formid=24&facid=466&facultyid=5215 0 ... VI JOURNALIZE IN ENTRIES TUK LO. AYL (2 MARNS EACH) A JAN 1ST NO OF COMMON SHARES ISSUED/OUTSTANDING ON JAN 1ST 18,000 PAR VALUE OF COMMON SHARE S8 TRADING PRICE OF STOCK ON JAN 1ST $10 30-MAR DECLARED $2 CASH DIVIDENDS AGAINST EACH COMMON SHARE 15TH APRIL DISTRIBUTED CASH DIVIDENDS ANNOUNCED ON 30TH MARCH D 30TH APRIL DECLARED 4% STOCK DIVIDENDS TRADING PRICE ON 30TH APRIL $13 E 15TH MAY DISTRIBUTED STOCK DIVIDENDS ANNOUNCED ON 30TH APRIL F 15TH MAY CALCULATE EQUITY BEFORE AND AFTER STOCK DVIDENDS 15,000 G 30TH MAY NO OF RE-AQUIRED SHARES BUYING PRICE OF TREASURY STOCK (HINT: NO OF SHARES INITIAL NO.+ STOCK DIV SHARES) $15 8000 H 15TH JUNE NO OF SHARES RE-ISSUED OUT OF TREASURY STOCKS) SELLING ORICE OF TREASURY STOCKS S18 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 I 30TH JUNE ANNOUNCED A STOCK SPLIT WITH 1:4 RATIO CALCULATE PAR VALUE AND NO OF SHARES OUTSTANDING ON THE BASIS OF THE ABOVE MENTIONED STOCK SPLIT CALCULATE EQUITY BEFORE AND AFTER STOCK SPLIT 30TH JUNE XO GOStep by Step Solution
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