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On January 1, 2014, Ven Corporation had the following stockholders' equity accounts. Common Stock (no par value, 92,000 shares issued and outstanding) Retained Earnings $1,385,500
On January 1, 2014, Ven Corporation had the following stockholders' equity accounts. Common Stock (no par value, 92,000 shares issued and outstanding) Retained Earnings $1,385,500 519,000 During the year, the following transactions occurred Feb. 1 Mar. 1 Apr. 1 July 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February. Announced a 3-for-1 stock split. Prior to the split, the market price per share was $37 Declared a 6% stock dividend to stockholders of record on July 15, distributable July 31, on July 1, the market price of the stock was $11 per share. Issued the shares for the stock dividend 31 Dec. 1 Declared a s0.90 per share dividend to stockholders of record on December 15, payable January 5, 2015 31 Determined that net income for the year was $359,700. (Enter account name only and do not provide descriptive information.) (a) Prepare the stockholders' equity section of the balance sheet at March 31 VEN CORPORATION Partial Balance Sheet March 31, 2014 Stockholders' Equity aid-in Capitall Capital Stock Total Stockholders' Equity
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