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On January 1 , 2 0 2 4 , Dolar Incorporated had the following account balances in its shareholders' equity accounts. Common stock, $ 1
On January Dolar Incorporated had the following account balances in its shareholders' equity accounts. Common stock, $ par, shares issued Paidin capitalexcess of par, common Paidin capitalexcess of par, preferred Preferred stock, $ par, shares outstanding Retained earnings Treasury stock, at cost shares $ During Dolar Incorporated had several transactions relating to common stock. January : Declared a property dividend of shares of Burak Company book value $ per share, fair value $ per share February : Distributed the property dividend. April : A for stock split was declared and distributed on outstanding common stock and effected in th form of a stock dividend. Dolar chose to reduce Paidin capitalexcess of par. The fair value July : of the stock was $ on this date. July : Declared and distributed a stock dividend on outstanding common stock. The fair value is $ pe December : Declared a cents per share cash dividend on the outstanding common shares. December : Paid the cash dividend. Required: Without preparing journal entries, prepare the shareholders' equity section of Dolar's balance sheet as of December Assume net income is $ for Note: Negative amounts should be entered with a minus sign. tableDolar IncorporatedBalance Sheet PartialDecember Shareholders equity,Common stock,Paidin capital excess of par, common,Preferred stock,
On January Dolar Incorporated had the following account balances in its shareholders' equity accounts.
Common stock, $ par, shares issued
Paidin capitalexcess of par, common
Paidin capitalexcess of par, preferred
Preferred stock, $ par, shares outstanding
Retained earnings
Treasury stock, at cost shares
$
During Dolar Incorporated had several transactions relating to common stock.
January : Declared a property dividend of shares of Burak Company book value $ per share, fair value $ per share
February : Distributed the property dividend.
April : A for stock split was declared and distributed on outstanding common stock and effected in th form of a stock dividend. Dolar chose to reduce Paidin capitalexcess of par. The fair value July : of the stock was $ on this date.
July : Declared and distributed a stock dividend on outstanding common stock. The fair value is $ pe December : Declared a cents per share cash dividend on the outstanding common shares.
December : Paid the cash dividend.
Required:
Without preparing journal entries, prepare the shareholders' equity section of Dolar's balance sheet as of December Assume net income is $ for
Note: Negative amounts should be entered with a minus sign.
tableDolar IncorporatedBalance Sheet PartialDecember Shareholders equity,Common stock,Paidin capital excess of par, common,Preferred stock,
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