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Kohler Corporation reports the following components of stockholders equity on December 31, 2016: Common stock$20 par value, 100,000 shares authorized, 45,000 shares issued and outstanding
Kohler Corporation reports the following components of stockholders equity on December 31, 2016:
Common stock$20 par value, 100,000 shares authorized, 45,000 shares issued and outstanding | $ | 900,000 |
Paid-in capital in excess of par value, common stock | 80,000 | |
Retained earnings | 370,000 | |
Total stockholders' equity | $ | 1,350,000 |
In year 2017, the following transactions affected its stockholders equity accounts.
Jan. | 1 | Purchased 5,000 shares of its own stock at $15 cash per share. | ||
Jan. | 5 | Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record. | ||
Feb. | 28 | Paid the dividend declared on January 5. | ||
July | 6 | Sold 1,875 of its treasury shares at $19 cash per share. | ||
Aug. | 22 | Sold 3,125 of its treasury shares at $12 cash per share. | ||
Sept. | 5 | Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. | ||
Oct. | 28 | Paid the dividend declared on September 5. | ||
Dec. | 31 | Closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings. |
KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2017 Total contributed capital Total stockholders' equity 0
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