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Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net
Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year. ACCOUNT Common Stock, $10 par ACCOUNT NO. Date Item Jan. 1 Balance, 35,000 shares Apr. 8,750 shares issued for cash June 30 1,000-share stock dividend Balance Debit Credit Debit Credit 350,000 87,500 437,500 10,000 447,500 ACCOUNT Paid-In Capital in Excess of Par-Common Stock Date Item Jan. 1 Balance Apr. 8,750 shares issued for cash June 30 Stock dividend ACCOUNT Retained Earnings ACCOUNT NO. Balance Debit Credit Debit Credit 105,000 157,500 7,500 262,500 270,000 ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. June 30 Dec. 30 1 Balance 291,000 Stock dividend Cash dividend 17,500 33,500 273,500 240,000 Dec. 31 Net income 209,500 449,500 If an amount is not reported on the statement of cash flows, enter in "0" in the Amount column. Item Section of Statement of Cash Flows Sale of common stock Cash dividend Stock dividend Added or Deducted Amount
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