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Problem 4. The following is the stockholders equity section of Zion and Coat December 31, 2018 Common stock, Spar value, 1,000,000 shares issued outstanding Additional
Problem 4. The following is the stockholders equity section of Zion and Coat December 31, 2018 Common stock, Spar value, 1,000,000 shares issued outstanding Additional pad-in-capital Common stock Retained Parnings 11-Dec 19 31-Dec-18 5.000.000 6,000,000 12,500,000 $23,500,000 The following transactions occurred in 2019: 1-Feb Declared a cash dividend of $ 50 per share to common shareholders of record on February 15th payable on March 1st 1-Mar Paid the dividend declared on February 1st 1-Apr Announced a 2 for 1 common stock split, the market price was $22 per share 1-Jul Declared a 10% common stock dividend, distributable July 31st, the market price was $25 per share 31-Jul Issued the shares for the stock dividend 1-Dec Declared a commn stock cash dividend of 25 per share of record on December 15th 31-Dec Net Income for the year was $4,450,000 Journalize the transactions. recommend you use T accounts to keep track, but you don't have to). B. Prepare the December 31, 2019 stockholders equity section above A
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