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please post the journal entries ANSWERS in a Clear organized manner CH 3 . Listed below are the transactions that affected the shareholders' equity of
please post the journal entries ANSWERS in a Clear organized manner
CH 3 . Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2021-2023. At December 31, 2020, the corporation's accounts included: 16.66 points Common stock, 101 million shares at si par Paid-in capital-excess of par Retained earnings is in thousands) $ 101,000 600,000 800,000 Skipped eBook Print References a. November 1, 2021, the board of directors declared a cash dividend of $0.60 per sharwon its common shares, payable to shareholders of record November 15, to be paid December 1. b. On March 1, 2022, the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that Branch-Rickie was holding as an investment. The bonds had a fair value of $1.4 million, but were purchased two years previously for $1.2 million. Because they were intended to be held to maturity, the bonds had not been previously written up. The property dividend was payable to shareholders of record March 13, to be distributed April 5. c. On July 12, 2022, the corporation declared and distributed a 6% common stock dividend (when the market value of the common stock was $18 per share). Cash was paid in lieu of fractional shares representing 60,000 equivalent whole shares. d. On November 1, 2022, the board of directors declared a cash dividend of $0.60 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. e. On January 15, 2023, the board of directors declared and distributed a 3-for-2 stock split effected in the form of a 50% stock dividend when the market value of the common stock was $19 per share. f. On November 1, 2023, the board of directors declared a cash dividend of $0.45 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. C 3 Required: 1. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. 2. Prepare comparative statements of shareholders' equity for Branch-Rickie for the three-year period ($ in 000s). Net income was $335 million, $400 million, and $460 million for 2021, 2022, and 2023, respectively. 5.66 olnts Complete this question by entering your answers in the tabs below. Skipped Required 1 eBook w Required 2 Print Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) References View transaction list Journal entry worksheet 1 N 3 4 5 6 7 8 15 > Record declaration of cash dividend. 3 Required 1 Required 2 Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) 56 ats View transaction list Skipped Journal entry worksheet eBook Print 1 2 3 4 5 6 7 8 EEEEE 15 References Record declaration of cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit November 01. 2021 3 Required 1 Required 2 Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. (If he entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) 5.66 olnts View transaction list Skipped Journal entry worksheet eBook 15 IDEE References Record the entry on date of record. Note: Enter debits before credits. Date General Journal Debit Credit November 15, 2021 3 Required 1 Required 2 Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) 16.66 points View transaction list Skipped w Journal entry worksheet eBook Print References Record appreciation of investment. Note: Enter debits before credits. Date General Journal Debit Credit March 01. 2022 Mc CS 3 Required 1 Required 2 Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) 16.66 polnts View transaction list Skipped Journal entry worksheet eBook Print References Record declaration of property dividends. Note: Enter debits before credits. Date General Journal Debit Credit March 01. 2022 3 Required 1 Required 2 Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) 16.66 polnts View transaction list Skipped Journal entry worksheet N eBook References Record the entry on date of record. Note: Enter debits before credits. Date General Journal Debit Credit March 13 2022 3 Required 1 Required 2 Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) 16.66 points View transaction list Skipped Journal entry worksheet eBook Print 1 3 4 5 6 7 8 15 > + = References Record distribution of property dividends. Note: Enter debits before credits. Date General Journal Debit Credit April 05, 2022 3 Required 1 Required 2 Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in whole dollars.) 16.66 points N View transaction list Skipped Journal entry worksheet eBook Print
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