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need cash dividends chart and stock dividents chart also need balance sheet On January 1, 2022, Sheridan Corporation had the following stockholders' equity accounts. During

need cash dividends chart and stock dividents chart
also need balance sheet image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
On January 1, 2022, Sheridan Corporation had the following stockholders' equity accounts. During the year, the following transactions occurred. Feb. 1 Declared a $3 cash dividend per share to stockholders of record on February 15 , payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $38. July 1 Declared a 10% stock dividend to stockholders of record on July 15. distributable July 31. On July 1, the market price of the stock was $15 per share. 31 Issued the shares for the stock dividend. Dec. 1 Declared a \$0.30 per share dividend to stockholders of record on December 15, payable January 5,2023. 31 Determined that net income for the year was $367.500. Apri: No Entry Suly 1 : (kalras if Comenon Stank Dividenis Distritoutable 117700 Commenstock Dec: 1 i Cash Dividends Dividende Payable Dec, 31: (To close net income). (To close stock dividends) Common Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings \begin{tabular}{|lll|l|l|l|} \hline Date & Explanation & Ref & Debit & Credit & \\ \hline Jan.1 = Balance & v & & \\ \hline \end{tabular} Dec.31 * Net income Dec.31 * Stock dividend Dec.31 * Cash dividend Cash Dividends Stock Dividends Date Dec: 31%

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