Please do them all in order. thanks!
ACT202: Chapter 13 Home Work Exercises Exercise 13-5: Large Stock Dividend and Stock Split: GIVEN: On June 30, 2017, Sharper Corporation's common stock is priced at $30.50 per share before any stock dividend or split, and the stockholders' equity section of its BS appears as follows: Common stock--$6 par value, 90,000 shares authorized, 216,000 100,000 36,000 shares issued and outstanding Paid-in capital in excess of par value, Common Stock Retained earnings 316,000 632,000 2$ Total Stockholders' Equity Part 1: Complete the table below assuming the company declares and immediately distributes a 100% stock dividend. After Dvidend Adjustment Before Dividend Stock Dividend Common Stock Paid-in Capital in excess of par value Total contributed capital Retained earnings Total stockholders' equity Number of common shares outstanding Part 2: Complete the table below assuming the company implements a 2-for-1 stock split instead of the 100% stock dividend in part 1 above. After Split Bfore Split Adjustment Stock Split Common Stock Paid-in Capital in excess of par value Total contributed capital Retained earnings Total stockholders' equity Number of common shares outstanding Exercise 13-6: Part 1 (only) Small Stock Dividend: GIVEN: The stockholders' equity of TVX Corporation at the beginning of the day on February 5: Common stock--$10 par value, 150,000 shares authorized, 74,000 shares issued and outstanding Paid-in Capital in excess of par value, Common Stock Retained earnings 740,000 525,000 675,000 1,940,000 Total Stockholders' Equity On February 5, the directors declare a 14% stock dividend distributable on February 28 to the stockholders of record on February 15. The stock's market value is $46 per share on February 5 before the stock dividend. The stock's market value is $40 per share on February 28. REQUIRED: Prepare the Journal Entries to record both the dividend declaration and its distribution. Exercise 13-10: Transactions regarding Treasury Stock: GIVEN: On October 10, the stockholders' equity section of the Sherman Corp appears as fonow. Common stock--$10 par value, 80,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, Common Stock 800,000 256,000 Retained earnings Total stockholders' equity 928,000 1,984,000 %24 REQUIRED: Part 1) Prepare the following Journal Entries: 1) Purchased 5,800 shares of its own common stock at $33 per share on October 11. 2) Sold 1,200 treasury shares on November 1 for $39 cash per share. 3) Sold all remaining treasury shares on November 25 for $28 cash per share. REQUIRED: Part 2) Prepare the revised equity section of its BS after the October 11 Treasury Stock purchase. Revised SE section of the Balance Sheet after October 11: Common stock, $10 par Paid-in capital in excess of par value, common stock Total contributed capital Retained earnings Total Less: Cost of treasury stock Total stockholders' equity Exercise 13-18: Journal Entries, Statement of RE, Statement of SE: MEN: Alexander Corporation reports the following Shareholders' Equity section on 12/31/16. Common Stock-$25 par value, 50,000 shares authorized. 33,000 shares issued and outstanding Paid-in capital in excess of par value, common stock 825,000 66.000 Retained earnings Total stockholders' equity 350,000 1.241.000 In 2017, the following transactions affected the stockholders' equity accounts: REQUIRED: Part 1) Prepare the Journal Entries. 1/2/2017 Purchased 3,300 shares of its own stock at $25 cash per share. 1/7/2017 Directors declared a $1.50 per share cash dividend payable on 2/28/17 to stockholders of record on 2/9/17. 2/28/2017 Paid the cash dividend declared on 1/7/17. 7/9/2017 Sold 1,320 of its treasury shares at $30 cash per share. 8/27/2017 Sold 1,650 of its treasury shares at $20 cash per share. 9/9/2017 Directors declared a $2.00 per share cash dividend payable on 10/22/17 to stockholders of record on 9/23/17. 10/22/2017 Paid the dividend declared on 9/9/17. 12/31/2017 Closed the $55,000 credit balance (from net income) in the Income Summary acount to RE. Parts 2 & 3: Prepare the Statement of RE and Stockholders' Equity section of BS. Statement of Retained Earnings For the Year Ended December 31, 2017 Stockholders' Equity Section of the Balance Sheet at December 31, 2017
