Question
On January 1, 2018 Sky Inc. had 60,000 shares, $4 par value per share, During the year, the following transactions occured. April 1 Issued 10,000
On January 1, 2018 Sky Inc. had 60,000 shares, $4 par value per share, During the year, the following transactions occured.
April 1 Issued 10,000 additional shares of common stock for $11 per share.
June 15 Declared a cash dividend of $1,50 per share to stockholders of record on June 30 July
10 Paid the $1.50 cash dividend. December 1 Issued 5,000 additional shares of common stock for $12 per share, December 15 Declared a cash dividend on outstanding shares of $1.60 per share to stockholders of record on December 31
Required: Record/journalize all transactions above.
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Auditing A Risk Based Approach
Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg
12th Edition
035772187X, 978-0357721872
