On January 1 , Geoffrey Corporation had the following stockholders' equity accounts Common Stock ( $ 2 0 par value, 6 0 , 0 0 0 shares issued and outstanding ) $ 1 , 2 0 0 , 0 0 0 Paid in Capital in Excess of Par Common Stock $ 2 0 0 , 0 0 0 Retained Earnings $ 6 0 0 , 0 0 0 During the year, the following transactions occurred Journalize the transactions Feb 1 Declared a $ 1 cash dividend per share to stockholders of record on February 1 5 , payable March 1 Mar 1 Paid the dividend declared in February Apr 1 Announced a 2 for 1 stock split Prior to the split, the market price per share was $ 3 6 July 1 Declared a 1 0 stock dividend to stockholders of record on July 1 5 , distributable July 3 1 On July 1 , the market price of the stock was $ 1 3 per share July 3 1 Issued the shares for the stock dividend Dec 1 Declared a $ 0 5 0 per share dividend to stockholders of record on December 1 5 , payable January 5 next year Dec 3 1 Close the dividend accounts ( Hint Step 4 of the closing process )

Question

On January 1 , Geoffrey Corporation had the following stockholders' equity accounts  Common Stock ( $ 2 0 par value, 6 0 , 0 0 0 shares issued and outstanding ) $ 1 , 2 0 0 , 0 0 0 Paid   in Capital in Excess of Par   Common Stock $ 2 0 0 , 0 0 0 Retained Earnings $ 6 0 0 , 0 0 0 During the year, the following transactions occurred  Journalize the transactions  Feb  1 Declared a $ 1 cash dividend per share to stockholders of record on February 1 5 , payable March 1   Mar  1 Paid the dividend declared in February  Apr  1 Announced a 2   for   1 stock split  Prior to the split, the market price per share was $ 3 6   July 1 Declared a 1 0   stock dividend to stockholders of record on July 1 5 , distributable July 3 1   On July 1 , the market price of the stock was $ 1 3 per share  July 3 1 Issued the shares for the stock dividend  Dec  1 Declared a $ 0   5 0 per share dividend to stockholders of record on December 1 5 , payable January 5 next year  Dec  3 1 Close the dividend accounts  ( Hint  Step 4 of the closing process )

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Question

On January 1 , Geoffrey Corporation had the following stockholders' equity accounts. Common Stock ( $ 2 0 par value, 6 0 , 0 0

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