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On January 1, 2020, Oriole Corporation had the following stockholders' equity accounts. Common Stock (no par value, 88,000 shares issued and outstanding) Retained Earnings $1,415,000
On January 1, 2020, Oriole Corporation had the following stockholders' equity accounts. Common Stock (no par value, 88,000 shares issued and outstanding) Retained Earnings $1,415,000 457,000 During the year, the following transactions occurred. Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 3-for-1 stock split. Prior to the split, the market price per share was $36. July 1 Declared a 5% 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. 31 Issued the shares for the stock dividend. Dec. 1 Declared a $0.40 per share dividend to stockholders of record on December 15, payable January 5, 2021. 31 Determined that net income for the year was $382,000. Your answer is partially correct. Try again. Prepare the stockholders' equity section of the balance sheet at September 30. ORIOLE CORPORATION Partial Balance Sheet September 30, 2020 Stockholders' Equity T Paid-in Capital 1 Capital Stock A Tcommon Stock A....X Retained Earnings 237000 Total Stockholders' Equity Your answer is partially correct. Try again. Prepare the stockholders' equity section of the balance sheet at December 31, 2020. ORIOLE CORPORATION Partial Balance Sheet December 31, 2020 Stockholders' Equity T Paid-in Capital Paid-in Capital 7 Capital Stock Common Stock Tretained Earnings Retained Earnings T Total Stockholders' Equity
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