Question
On January 1, 2021, Bellevue Corporation had 73,000 common shares, recorded at $544,000, and retained earnings of $926,000. During the year, the following transactions occurred:
On January 1, 2021, Bellevue Corporation had 73,000 common shares, recorded at $544,000, and retained earnings of $926,000.
During the year, the following transactions occurred:
Apr. 2 Issued 5,400 common shares at $20 per share.
June 15 Declared a cash dividend of $0.15 per share to common shareholders of record on June 30, payable on July 10.
Aug. 21 Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The shares were trading for $23 a share on August 21, $24 on September 5, and $26 on September 20.
Nov. 1 Issued 3,300 common shares at $24 per share.
Dec. 20 Declared a cash dividend of $0.20 per share to common shareholders of record on December 31, payable on January 10.
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Survey of Accounting
Authors: Thomas Edmonds, Christopher, Philip Olds, Frances McNair, Bor
4th edition
77862376, 978-0077862374
