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Problem 14-03A a-d On January 1, 2020, Sheridan Corporation had the following stockholders' equity accounts. Common Stock (no par value, 88,000 shares issued and outstanding)
Problem 14-03A a-d On January 1, 2020, Sheridan Corporation had the following stockholders' equity accounts. Common Stock (no par value, 88,000 shares issued and outstanding) Retained Earnings 1,405,000 529,000 During the year, the following transactions occurred. Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1 Mar. 1 Paid the dividend declared in February. Apr. Announced a 3-for-1 stock split. Prior to the split, the market price per share was $36. July 1 Declared a 5% stock dividend to stockholders of record on July 15, distributable July 31. On luythe market price of the stock was st2 per share. 31 Dec. 1 31 Issued the shares for the stock dividend Declared a $o.80 per share dividend to stockholders of record on December 15, payable January 5, 2021 Determined that net income for the year was $340,000. Prepare the stockholders' equity section of the balance sheet at March 31. (Enter account name only and do not provide descriptive information. Round answers to O decimal places, e.g. 5,250.) SHERIDAN CORPORATION Partial Balance Sheet Prepare the stockholders' equity section of the balance sheet at June 30. (Enter account name only and do not provide descriptive information. Round answers to 0 decimal places, e.g. 5,250.) y and do not provide descriptive information.R SHERIDAN CORPORATION Partial Balance Sheet OF ACCOUNTS Prepare the stockholders' equity section of the balance sheet at September 30. (Enter account name only and do not provide descriptive information. Round answers to 0 decal places, e.g. 5,250.) SHERIDAN CORPORATION Partial Balance Sheet Prepare the stockholders' equity section of the balance sheet at December 31, 2020. (Enter account name only and do not provide descriptive information. Round answers to 0 decimal places, e.g.5,2so.) SHERIDAN CORPORATION Partial Balance Sheet Click if you would like to Show Work for this question: Open Show Work
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