Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please help with Jul. 30th entry! Halborn Manufacturing Co. completed the following transactions during 2024: (Click the icon to view the transactions.) leave the remaining
Please help with Jul. 30th entry!
Halborn Manufacturing Co. completed the following transactions during 2024: (Click the icon to view the transactions.) leave the remaining cells blank.) is February 15. Feb. 15: Paid the cash dividends. More info Jan. 16 Declared a cash dividend on the 5%,$95 par noncumulative preferred stock (1,000 shares outstanding). Declared a $0.20 per share dividend on the 105,000 shares of $10 par value common stock outstanding. The date of record is January 31 , and the payment date is February 15. Feb. 15 Paid the cash dividends. Jun. 10 Split common stock 2-for-1. Jul. 30 Declared a 40% stock dividend on the common stock. The market value of the common stock was $12 per share. Aug. 15 Distributed the stock dividend Jun. 10: Split common stock 2-for-1. Oct. 26 Purchased 8,000 shares of treasury stock at $9 per share. Nov. 8 Sold 4,000 shares of treasury stock for $10 per share. Nov. 30 Sold 1,400 shares of treasury stock for $5 per share. Halborn Manufacturing Co. completed the following transactions during 2024: (Click the icon to view the transactions.) More info Jan. 16 Declared a cash dividend on the 5%,$95 par noncumulative preferred stock (1,000 shares outstanding). Declared a $0.20 per share dividend on the 105,000 shares of $10 par value common stock outstanding. The date of record is January 31 , and the payment date is February 15. Feb. 15 Paid the cash dividends. Jun. 10 Split common stock 2-for-1. Jul. 30 Declared a 40% stock dividend on the common stock. The market value of the common stock was $12 per share. Aug. 15 Distributed the stock dividend. Oct. 26 Purchased 8,000 shares of treasury stock at $9 per share. r share. Nov. 8 Sold 4,000 shares of treasury stock for $10 per share. Nov. 30 Sold 1,400 shares of treasury stock for $5 per shareStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started