Question
Problem 14-03A a-d On January 1, 2020, Wildhorse Corporation had the following stockholders' equity accounts. Common Stock (no par value,94,000 shares issued and outstanding)$1,365,000Retained Earnings530,000
Problem 14-03A a-d
On January 1, 2020, Wildhorse Corporation had the following stockholders' equity accounts.
Common Stock (no par value,94,000 shares issued and outstanding)$1,365,000Retained Earnings530,000
During the year, the following transactions occurred.
Feb. 1Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1.
Mar. 1Paid the dividend declared in February.
Apr. 1Announced a 3-for-1 stock split. Prior to the split, the market price per share was $37.
July 1Declared a6% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $12 per share.
july 31 Issued the shares for the stock dividend.
Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2021.
dec 31 Determined that net income for the year was $310,000.
Prepare the stockholders' equity section of the balance sheet at March 31.
I have the partial balance sheet completed for march 31 and also June 30....how do I compute common stock and retained earnings for Sept 30 and dec 31 partial balance sheet?
WILDHORSECORPORATION
Partial Balance Sheet
September 30, 2020
For the Quarter Ended September 30, 2020
For the Year Ended September 30, 2020
Additional Paid-in Capital
Capital Stock
Current Assets
Current Liabilities
Intangible Assets
Long-term Investments
Long-term Liabilities
Paid-in Capital
Property, Plant and Equipment
Stockholders' Equity
Total Additional Paid-in Capital
Total Assets
Total Capital Stock
Total Current Assets
Total Current Liabilities
Total Intangible Assets
Total Liabilities
Total Liabilities and Stockholders' Equity
Total Long-term Investments
Total Long-term Liabilities
Total Paid-in Capital
Total Paid-in Capital and Retained Earnings
Total Property, Plant and Equipment
Total Stockholders' Equity
Prepare the stockholders' equity section of the balance sheet at December 31, 2020.
WILDHORSECORPORATION
Partial Balance Sheet
December 31, 2020
For the Year Ended December 31, 2020
For the Quarter Ended December 31, 2020
Additional Paid-in Capital
Capital Stock
Current Assets
Current Liabilities
Intangible Assets
Long-term Investments
Long-term Liabilities
Paid-in Capital
Property, Plant and Equipment
Stockholders' Equity
Total Additional Paid-in Capital
Total Assets
Total Capital Stock
Total Current Assets
Total Current Liabilities
Total Intangible Assets
Total Liabilities
Total Liabilities and Stockholders' Equity
Total Long-term Investments
Total Long-term Liabilities
Total Paid-in Capital
Total Paid-in Capital and Retained Earnings
Total Property, Plant and Equipment
Total Stockholders' Equity
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