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Q3-11 Con D90 - Homework 11 (1) - Microsoft Word - X Home Insert Page Layout References Mailings Review View Cut Ea Copy Paste Format

Q3-11

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Con D90 - Homework 11 (1) - Microsoft Word - X Home Insert Page Layout References Mailings Review View Cut Ea Copy Paste Format Painter Clipboard Calibri (Body) BI U - abe x 11 - AXA x Aa aby - A E AaBbCcDc 1 Normal . | ! 1 No Spaci... Heading 1 Heading 2 Title Subtitle Subtle Em... - S E Paragraph Change Styles # Find - 4ac Replace hos Select Editing Font Styles Q3/ On January 1, 2018, Page Corporation, a publicly traded company, had these shareholders' equity accounts: Common shares (unlimited number of shares authorized, 216,000 shares issued) $2,160,000 Retained earnings 1,170,000 Accumulated other comprehensive income 108,000 During the year, the following transactions occurred: Jan. 15 Declared a $1 per share cash dividend to shareholders of record on January 31, payable February 15. Activate Windows Go to Settings to activate Windows. E B 2 100% - + OC Page 7 of 12 Words: 1,750 English (Canada) Con D90 - Homework 11 (1) - Microsoft Word - X Home Insert Page Layout References Mailings Review View Cut Ea Copy Paste Format Painter Clipboard Calibri (Body) B 1 U 11 - A A x Aa- ab BY A. AaBbCcDc 1 Normal zbe x . | ! No Spaci... Heading 1 Heading 2 Title Subtitle Subtle Em... Styles Change Styles # Find - 4ac Replace hos Select Editing Font Paragraph Jan. 15 Declared a $1 per share cash dividend to shareholders of record on January 31, payable February 15. Apr. 16 Declared a 10% stock dividend to shareholders of record on April 30, distributable May 15. On April 16, April 30, and May 15, the share prices were $14, $12.50, and $13, respectively. Oct. 1 Effected a 2-for-1 stock split. On October 1, the share price was $20. Dec.31 Determined that net income for the year was $728,000. Record the above transactions, including any required entries to close dividends and net income. (Credit account titles are automatically indented when the amount is entered. Do not indent manually and If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Transaction entries: Date Account Titles and Explanation Debit Credit Jan. 15Jan. 31 Feb. 15Apr. 16Apr. 30 May 150ct. 1 Dec. 31 Activate Windows Go to Settings to activate Windows. E B 2 100% - + OC Page: 8 of 12 Words: 1,750 English (Canada) Con D90 - Homework 11 (1) - Microsoft Word - X Home Insert Page Layout References Mailings Review View Cut ESE T T A T Ea Copy Paste Format Painter Clipboard Calibri (Body) B 1 U 11 - A A x Aa- ab BY A. AaBbCcDc 1 Normal zbe x . | ! 1 No Spaci... Heading 1 Heading 2 Title Subtitle Subtle Em... Styles Change Styles # Find - 4ac Replace hos Select Editing Font Paragraph E Transaction entries: Date Account Titles and Explanation Debit Credit Jan. 15Jan. 31 Feb. 15Apr. 16Apr. 30 May 150ct. 1 Dec. 31 Jan. 31 Jan. 15Jan. 31 Feb. 15 Apr. 16Apr. 30 May 150ct. 1 Dec. 31 D Jan. 15Jan. 31 Feb. 15Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 # O Activate Windows Go to Settings to activate Windows. E B 2 100% - Page: 8 of 12 Words: 1,750 English (Canada) Con D90 - Homework 11 (1) - Microsoft Word - X Home Insert Page Layout References Mailings Review View Cut Ea Copy Paste Format Painter Clipboard Calibri (Body) BI U - abe x Font 11 x - A A BY Aa aby - A E - - AaBbCcDc 1 Normal E Paragraph . | ! 1 No Spaci... Heading 1 Heading 2 Title Subtitle Subtle Em... Styles Change Styles # Find - 4ac Replace hos Select Editing Apr. 30 Jan. 15Jan. 31 Feb. 15Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 LLLL Oct. 1 Closing entries: Date Account Titles and Explanation Debit Credit Dec. 31/ Activate Windows Go to Settings to activate Windows. E B 2 100% - Page: 9 of 12 Words: 1,750 English (Canada) CD- - X Homework 11 (1) - Microsoft Word References Mailings Review Table Tools Design Page Layout View Layout Home Insert * Cut Es Copy Paste Format Painter Clipboard Calibri (Body) 11 - AM ESE T T A T AaBbCcDc BIU.abe x x Aa-aby-A 1 Normal Paragraph Closing entries: Date Account Titles and Explanation . | ! 1 No Spaci... Heading 1 Heading 2 Title Subtitle Subtle Em... Styles Change Styles # Find - 4ac Replace hos Select Editing Font Debit Credit Dec. 31 (To record net income/loss)) Dec. 31 (To dose dividend) Open T accounts as required and post to the shareholders' equity accounts. (Post entries in the order presented in the question.) Common Shares Jan. 1 Bal.Jan. Jan. 1 Bal.Jan Activate Windows Go to Settings to activate Windows. E B 2 100% - Page: 9 of 12 Words: 1,744 English (Canada) CD- - X Homework 11 (1) - Microsoft Word References Mailings Review Table Tools Design Page Layout View Layout Home Insert * Cut Es Copy Paste Format Painter Clipboard Calibri (Body) 11 - AM BIU.abe x x Aa aby - A AaBbCcDc 1 Normal 3 . | ! 1 No Spaci... Heading 1 Heading 2 Title Subtitle Subtle Em... Styles Change Styles # Find - 4ac Replace hos Select Editing Font Paragraph Common Shares Jan. 1 Bal.Jan. Jan. 1 Bal.Jan 15Jan. 31 Feb. 15 Apr. 16 Apr. 30May 150ct. 1 Dec. 31 Bal.Dec. 31 CE 15Jan. 31 Feb. 15 Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Jan. 1 Bal.Jan. 15Jan. 31 Feb. 15 Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Jan. 1 Bal.Jan. 15Jan. 31 Feb. 15 Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Jan. 1 Bal.Jan. 15 Jan. 31 Feb. 15 Apr. 16Apr. Jan. 1 Bal.Jan. 15Jan. 31 Feb. 15 Apr. 16Apr. Activate Windows Go to Settings to activate Windows. E B 2 100% - Page: 9 of 12 Words: 1,744 English (Canada) CD- - X Homework 11 (1) - Microsoft Word References Mailings Review Table Tools Design Page Layout View Layout T T A T Home Insert * Cut Es Copy Paste Format Painter Clipboard Calibri (Body) B 1 U 11 - AM ESE x Aa- ab A. AaBbCcDc 1 Normal zbe x AaBbCcDc AaBbc AaBbcc AaB AaBb Ccl AaBCCD No Spaci... Heading 1 Heading 2 Title Subtitle Subtle Em... Styles Change Styles # Find - 4ac Replace hos Select Editing Font Paragraph Jan. 1 Bal.Jan. 15Jan. 31 Feb. 15 Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Jan. 1 Bal.Jan. 15 Jan. 31 Feb. 15 Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Retained Earnings Jan. 1 Bal.Jan. 15Jan. 31 Feb. 15Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Jan. 1 Bal.Jan. 15 Jan. 31 Feb. 15 Apr. 16 Apr. 30May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Jan. 1 Bal.Jan. 15Jan. 31 Feb. 15 Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Jan. 1 Bal.Jan 15 Jan. 31 Feb. 15 Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 131 CE Jan. 1 Bal.Jan. 15Jan. 31 Feb. 15 Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Jan. 1 Bal.Jan. 15Jan. 31 Feb. 15 Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Dividends Declared #O Activate Windows Go to Settings to activate Windows. E B 2 100% - Page: 10 of 12 Words: 1,744 English (Canada) CD- - X Homework 11 (1) - Microsoft Word References Mailings Review Table Tools Design Page Layout View Layout T T A T Home Insert * Cut Es Copy Paste Format Painter Clipboard Calibri (Body) B 1 U 11 - AM ESE zbe x x Aa- aby - A Font AaBbCcDc 11 Normal . | ! 1 No Spaci... Heading 1 Heading 2 Title Subtitle Subtle Em... Styles Change Styles # Find - 4ac Replace hos Select Editing Paragraph Dividends Declared Jan. 1 Bal.Jan. 15Jan. 31 Feb. 15 Apr. 16 Apr. 30May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Jan. 1 Bal.Jan 15 Jan. 31 Feb. 15 Apr. 16 Apr. 30May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Jan. 1 Bal.Jan. 15Jan. 31 Feb. 15 Apr. 16Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Jan. 1 Bal.Jan 15Jan. 31 Feb. 15 Apr. 16Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Jan. 1 Bal.Jan. 15Jan. 31 Feb. 15 Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. Jan. 1 Bal.Jan. 15 Jan. 31 Feb. 15 Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. Activate Windows Go to Settings to activate Windows. E B 2 100% - cn Page: 10 of 12 Words: 1,744 English (Canada) CD- - X Homework 11 (1) - Microsoft Word References Mailings Review Table Tools Design Page Layout View Layout Home Insert * Cut Es Copy Paste Format Painter Clipboard Calibri (Body) 11 - AM BIU.abe x x Aa aby - A AaBbCcDc 1 Normal 3 AaBbCcDc AaBbc AaBbcc AaB AaBb Ccl AaBCCD 1 No Spaci... Heading 1 Heading 2 Title Subtitle Subtle Em... Styles Change Styles # Find - 4ac Replace hos Select Editing Font Paragraph Jan. 1 Bal.Jan. 15Jan. 31 Feb. 15 Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Jan. 1 Bal.Jan 15 Jan. 31 Feb. 15 Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Stock Dividends Distributable Jan. 1 Bal.Jan 15Jan. 31 Feb. 15 Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Jan. 1 Bal.Jan 15 Jan. 31 Feb. 15 Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Jan. 1 Bal.Jan. 15Jan. 31 Feb. 15 Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Jan. 1 Bal.Jan. 15 Jan. 31 Feb. 15 Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Accumulated Other Comprehensive Income Jan. 1 Bal.Jan. 15Jan. 31 Feb. 15 Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Jan. 1 Bal.Jan. 15 Jan. 31 Feb. 15 Apr. 16 Apr. 30 May 150ct. 1 Dec. 31 Bal.Dec. 31 CE Activate Windows Go to Settings to activate Windows. E B 2 100% - Prepare a statement of changes in equity for the vear (Enter negative amounts usina Page: 11 of 12 Words: 1,744 English (Canada) CD- - X Homework 11 (1) - Microsoft Word References Mailings Review Table Tools Design Page Layout View Layout T Home Insert * Cut Es Copy Paste Format Painter Clipboard Calibri (Body) 11 - AM ESE BIU.abe x Aa aby - A E T TE 2 Paragraph T A - AaBbCcDc 1 Normal AaBbCcDc AaBbc AaBbcc AaB AaBb Ccl AaBCCD 1 No Spaci... Heading 1 Heading 2 Title Subtitle Subtle Em... Styles Change Styles # Find - 4ac Replace hos Select Editing Font Prepare a statement of changes in equity for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) PAGE CORPORATION Statement of Changes in Equity Total Common Retained Accumulated Other Shares Earnings Comprehensive Income Balance Jan. 1 Cash dividends Activate Windows Go to Settings to activate Windows. E B 2 100% - Page: 11 of 12 Words: 1,744 English (Canada) CD- - X Homework 11 (1) - Microsoft Word References Mailings Review Table Tools Design Page Layout View Layout Home Insert * Cut Es Copy Paste Format Painter Clipboard Calibri (Body) 11 - AM ESE BIU.abe x x Aa aby - A 3 T T A 21- Paragraph Change Styles # Find - 4ac Replace hos Select Editing T AaBbCcDc . | ! 1 Normal 1 No Spaci... Heading 1 Heading 2 Title Subtitle Subtle Em... Styles Earnings Comprehensive Income Font Shares Balance Jan. 1 Cash dividends declared Declared and issued stock dividends Net income Balance Dec. 31 Prepare the shareholders' equity section of the statement of financial position at December 31. PAGE CORPORATION Statement of Financial Position (Partial) Activate Windows Go to Settings to activate Windows. E B 2 100% - Page: 12 of 12 Words: 1,744 English (Canada) CD- - X Homework 11 (1) - Microsoft Word References Mailings Review Table Tools Design Page Layout View Layout Calibri (Body) T T A T Home Insert * Cut Es Copy Paste Format Painter Clipboard AaBbCcDc I Normal B 1 U 11 - AM ESE zbe x x Aa aby - A Font . | ! 1 No Spaci... Heading 1 Heading 2 Title Subtitle Subtle Em... Styles Change Styles # Find - 4ac Replace hos Select Editing Paragraph Declared and issued stock dividends Net income Balance Dec. 31 Prepare the shareholders' equity section of the statement of financial position at December 31. PAGE CORPORATION Statement of Financial Position (Partial) Activate Windows Go to Settings to activate Windows. E B 2 100% - Page: 12 of 12 Words: 1,744 English (Canada)