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NEED HELP ON ALL PLEASE!! Problem 1) Problem 2) Problem 3) Problem 4) part e is not 1826000 On January 1, Sheridan Company had 56,100
NEED HELP ON ALL PLEASE!!
Problem 1)
Problem 2)
Problem 3)
Problem 4) part e is not 1826000
On January 1, Sheridan Company had 56,100 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 Issued 9,700 additional shares of common stock for \$11 per share. June 15 Declared a cash dividend of $1.40 per share to stockholders of record on June 30 . July 10 Paid the $1.40 cash dividend. Dec. 1 Issued 4,100 additional shares of common stock for $12 per share. 15 Declared a cash dividend on outstanding shares of \$1.50 per share to stockholders of record on December 31. (a) Prepare the entries, if any, on each of the three dates that involved dividends. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) The stockholders' equity section of Cullumber Company's balance sheet at December 31 is presented here. On January 1,2022 , Sunland Company had $1,120,000 of common stock outstanding that was issued at par and retained earnings of $754,000. The company issued 41,000 shares of common stock at par on July 1 and earned net income of $398,000 for the year. Journalize the declaration of a 14\% stock dividend on December 10, 2022, for the following two independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a) Par value is $10 and market price is $15. (b) Par value is $5 and market price is $8. Mar. 2 Issued 4,000 shares of $5 par value common stock to attorneys in payment of a bill for $24,000 for services performed in helping the company to incorporate. June 12 Issued 55,000 shares of $5 par value common stock for cash of $340,000. July 11 Issued 1,000 shares of $100 par value preferred stock for cash at $130 per share. Nov. 28 Purchased 1,500 shares of treasury stock for $75,000. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) On January 1, Sheridan Company had 56,100 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 Issued 9,700 additional shares of common stock for \$11 per share. June 15 Declared a cash dividend of $1.40 per share to stockholders of record on June 30 . July 10 Paid the $1.40 cash dividend. Dec. 1 Issued 4,100 additional shares of common stock for $12 per share. 15 Declared a cash dividend on outstanding shares of \$1.50 per share to stockholders of record on December 31. (a) Prepare the entries, if any, on each of the three dates that involved dividends. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) The stockholders' equity section of Cullumber Company's balance sheet at December 31 is presented here. On January 1,2022 , Sunland Company had $1,120,000 of common stock outstanding that was issued at par and retained earnings of $754,000. The company issued 41,000 shares of common stock at par on July 1 and earned net income of $398,000 for the year. Journalize the declaration of a 14\% stock dividend on December 10, 2022, for the following two independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a) Par value is $10 and market price is $15. (b) Par value is $5 and market price is $8. Mar. 2 Issued 4,000 shares of $5 par value common stock to attorneys in payment of a bill for $24,000 for services performed in helping the company to incorporate. June 12 Issued 55,000 shares of $5 par value common stock for cash of $340,000. July 11 Issued 1,000 shares of $100 par value preferred stock for cash at $130 per share. Nov. 28 Purchased 1,500 shares of treasury stock for $75,000. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)Step by Step Solution
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