Question
On January 1, 2022, Blossom Corporation had the following stockholders equity accounts. Common Stock (no par value, 90,000 shares issued and outstanding) $ 1,395,000 Retained
On January 1, 2022, Blossom Corporation had the following stockholders equity accounts. Common Stock (no par value, 90,000 shares issued and outstanding) $ 1,395,000 Retained Earnings 543,000 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 $ 39. July 1 Declared a 4% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $ 12 per share. 31 Issued the shares for the stock dividend. Dec. 1 Declared a $ 0.50 per share dividend to stockholders of record on December 15, payable January 5, 2023. 31 Determined that net income for the year was $ 313,000. (a) Prepare the stockholders equity section of the balance sheet at March 31. (Enter account name only and do not provide descriptive information.) BLOSSOM CORPORATION Partial Balance Sheet choose the accounting period select an opening section name select an opening subsection name select an opening name of subordinate part of this subsection enter a balance sheet item $ enter a dollar amount enter a balance sheet item enter a dollar amount select a closing section name $ enter a total amount for this section eTextbook and Media List of Accounts Attempts: 0 of 5 used (b) Prepare the stockholders equity section of the balance sheet at June 30. (Enter account name only and do not provide descriptive information.) BLOSSOM CORPORATION Partial Balance Sheet choose the accounting period June 30, 2022 select an opening section name select an opening subsection name select an opening name of subordinate part of this subsection enter a balance sheet item $ enter a dollar amount enter a balance sheet item enter a dollar amount select a closing section name $ enter a total amount for this section eTextbook and Media List of Accounts Last saved 2 hours ago.Attempts: 0 of 5 used (c) New attempt is in progress. Some of the new entries may impact the last attempt grading. Your answer is partially correct. Prepare the stockholders equity section of the balance sheet at September 30. (Enter account name only and do not provide descriptive information.) BLOSSOM CORPORATION Partial Balance Sheet choose the accounting period September 30, 2022 select an opening section name Stockholders' Equity select an opening subsection name Paid-in Capital select an opening name of subordinate part of this subsection Capital Stock enter a balance sheet item Common Stock $ enter a dollar amount 1,254,600 enter a balance sheet item Retained Earnings enter a dollar amount 323,400 select a closing section name Total Stockholders' Equity $ enter a total amount for this section 1,750,600 eTextbook and Media List of Accounts Last saved 2 hours ago.Attempts: 1 of 5 used (d) Prepare the stockholders equity section of the balance sheet at December 31, 2022. (Enter account name only and do not provide descriptive information.) BLOSSOM CORPORATION Partial Balance Sheet choose the accounting period December 31, 2022 select an opening section name select an opening subsection name select an opening name of subordinate part one of this subsection enter a balance sheet item $ enter a dollar amount enter a balance sheet item enter a dollar amount 496,000 select a closing section name $ enter a total amount for this section
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