Question
On January 1, 2020, Carla Vista Corporation had the following stockholders' equity accounts. Common Stock (no par value,85,000 shares issued and outstanding)$1,375,000Retained Earnings541,000 During the
On January 1, 2020, Carla Vista Corporation had the following stockholders' equity accounts.
Common Stock (no par value,85,000 shares issued and outstanding)$1,375,000Retained Earnings541,000
During the year, the following transactions occurred.
Feb. 1Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1.Mar. 1Paid the dividend declared in February.Apr. 1Announced a 3-for-1 stock split. Prior to the split, the market price per share was $40.July 1Declared a6% 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.31Issued the shares for the stock dividend.Dec. 1Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2021.31Determined that net income for the year was $399,000.
repare the stockholders' equity section of the balance sheet at March 31
Prepare the stockholders' equity section of the balance sheet at June 30
Prepare the stockholders' equity section of the balance sheet at September 30
Prepare the stockholders' equity section of the balance sheet at December 31, 2020
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