Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On January 1 2 0 2 2 Oreo corporation had the following stockholders equity accounts Common stock ( no par value 9 1 , 0

On January 12022 Oreo corporation had the following stockholders equity accounts
Common stock (no par value 91,000 shares issued and outstanding) $1,375,000
Retained Earnings 504000
During the year the following transactions 0ccured.
Feb.1 declared a $1 cash dividend per share to stockholders of record on February 15, payable March1.
March. 1 paid the dividend in February.
Apr. 1 announced A3 for one stock split prior to the split the market price share was $38
July 1 Declared 6% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $10 per share.
Dec. 1 declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5,2023.
Dec. 31 Determined that net income for the year was $365,000
(a) Prepare the stockholders equity section of the balance sheet at March 31.
(b) Prepare the stockholders equity section of the balance sheet at June 30.
(c) Prepare the stockholders equity section of the balance sheet at September 30.
(d) Prepare the stockholders equity section of the balance sheet at December 31,2022

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE Managerial Accounting Creating Value In A Dynamic Business Environment

Authors: Ronald Hilton, David Platt

12th Edition

1260566390, 9781260566390

More Books

Students also viewed these Accounting questions

Question

25.0 m C B A 52.0 m 65.0 m

Answered: 1 week ago

Question

Discuss the importance of linking pay to ethical behavior.

Answered: 1 week ago

Question

Explain how to reward individual and team performance.

Answered: 1 week ago