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apter 13 Homework Mastery Problem (i) Stockholders' Equity (December 31) Comnon stock $12 par value, 140,000 sharen authorized, 65,650 shares issued, 3,500 shares in treasury paid-in capital in excess of par value, comon stock Retained earnings ( $84,000 restrieted by treasury stock) Loss cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. January 5 Declared a $2.20 per share cash dividend, payable on January 10. March 20 purchased treasury stock for cash. April 5 Declared a $2.20 per share cash dividend, payable on April 10. July 5 Declared a $2.20 per share cash dividend, payable on July 10 . July 31 Declared a 10s stock dividend when the stock's market value was $26 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $2.20 per share cash dividend, date of record october 10. Calculate the dollar amount of each cash dividend. July 5 Declared a $2.20 per share cash dividend, payable on July 10 . July 31 Declared a 10s stock dividend when the stock's market value was $26 per share. August 14 Issued the stock dividend that was declared on July 31. october 5 Declared a $2.20 per share cash dividend, date of record october 10. July 5 Declared a $2.20 per share cash dividend, payable on July 10 . July 31 Declared a 108 stock dividend when the stock's market value was $26 per share. August 14 Issued the stock dividend that was declared on July 31. october 5 Declared a $2.20 per share cash dividend, date of record october 10. The following transactions and events affected its equity during the year. Prepare the journal entry neces: event, and then agree the year-end balances with the December 31 Stockholders' Equity statement given ab Journal entry worksheet Note: Enter debits before credits. The equity sections for Arnold Group at the beginning of the year (January 1) and end of the year (December 31 ) follow. The following transactions and events affected its equity during the year: January 5 Deelared a $2.20 per share cash dividend, payable on Jahuary 10. Mareb 20 Purchased treasury stock for cash. Apri1 5 Declared a $2.20 per share cash dividend, payable on April 10. July 5 Deolared a $2.20 per ahare eash dividend, payable on july 10. July 31 Declared a 104 stoek dividend when the stock's market value was 526 per share. Auguat 14 issued the stock dividesd that was declared on July 31 . oetober 5 Deolared a $2.20 per share cash dividend, date of record october 10. General Journal tab - Journalize the transactions related to the notes and accounts payable of Arnold Group. The General Ledger, Trial Balance and Schedule of Payables will be updated based on your entries. General Ledger tab - One of the advantages of general ledger software is that posting is done automatically. To see the detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab. Trial Balance tab - General ledger software also automates the preparation of trial balances. A trial balance lists each account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal total credits. pter 13 Homework Mastery Problem (i) Stockholders: Equity (December 31) Common stock $12 par value, 140,000 shares authorized, 65,650 shares issued, 3,500 shares in treasury paid-in capital in excess of par value, common stock Retained earnings ( $84,000 restricted by treasury stock) Loss cost of treasury stock Total stockholders" equity The following transactions and events affected its equity during the year. January 5 Declared a $2.20 per share cash dividend, payable on January 10 . March 20 purchased treasury stock for cash. Apri1 5 Declared a $2.20 per share cash dividend, payable on April 10. July 5 Declared a $2.20 per share cash dividend, payable on July 10. July 31 Declared a 10 s stock dividend when the stock's market value was $26 per share. August 14 Issued the stock dividend that was declared on July 31 . October 5 Declared a $2.20 per share cash dividend, date of record october 10. Calculate the amount of retained earnings to be capitalized as a result of the stock dividend. January $ Declared a $2.20 per share cash dividend, payable on January 10 . March 20 purchased treasury stock for cash. April 5 Declared a $2,20 per share cash dividend, payable on April 10. July 5 Declared a $2.20 per share cash dividend, payable on July 10 . July 31 Declared a 108 stock dividend when the stock's market value was $26 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $2,20 per share cash dividend, date of record october 10