Question
Q18:Yuri ltd. had 200,000 shares of common stock issued and outstanding on January 1, 2021. Par value is $10 per share. Following are some transactions
Q18:Yuri ltd. had 200,000 shares of common stock issued and outstanding on January 1, 2021. Par value is $10 per share. Following are some transactions of year 2021.
Feb. 3: Declared a cash dividend of $1.25 per share to stockholders of record on February 17.
Feb. 28: Paid the cash dividend.
March 22: Issued 12,000 additional shares of common stock for $15 per share.
Dec. 16: Declared a cash dividend on outstanding shares of $2 per share to stockholders of record on December 31.
Required: Prepare the entries to record the transactions of year 2021. Also prepare relevant year end closing entry
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
