Required information Problem 13-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to the questions displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. The following transactions and events affected its equity during the year. January5March20April5July5July31August14October5Declareda$0.50persharecashdividend,dateofrecordJanuary10.purchasedtreasurystockforcash.Declareda$0.50persharecashdividend,dateofrecordApril10.Declareda$0.50persharecashdividend,dateofrecordJuly10.Declareda20%stockdividendwhenthestocksmarketvaluewas$10pershare.IssuedthestockdividendthatwasdeclaredonJuly31.Declareda$0.50persharecashdividend,dateofrecordoctober10. January 5 Declared a $0.50 per share cash dividend, date of record January 10. March 20 purchased treasury stock for cash. April 5 Declared a $0.50 per share cash dividend, date of record April 10. July 5 Declared a $0.50 per share cash dividend, date of record July 10. July 31 Declared a 20 s stock dividend when the stock's market value was \$10 per share. August 14 Issued the stock dividend that was declared on July 31. october 5 Declared a $0.50 per share cash dividend, date of record october 10. Problem 13-4A (Algo) Part 4 4. What is the per share cost of the treasury stock purchased? Note: Round your answer to 2 decimal places. Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. During the current year, the following transactions affected its stockholders' equity accounts. January 2 purchased 4,000 shares of its own stock at $20 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 2,000 of its treasury shares at $24 cash per share. August 22 Sold 2,000 of its treasury shares at $16 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the dividend declared on September 5 . December 31 closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the current year ended December 31. 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. QS 13-6 (Static) Accounting for cash dividends LO P2 Prepare journal entries to record the following transactions for Emerson Corporation. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. July 15 Declared a cash dividend payable to common stockholders of $165,000. August 15 Date of record is August 15 for the cash dividend declared on July 15. August 31 Paid the dividend declared on July 15. Journal entry worksheet Record the declaration of a cash dividend payable to common stockholders. Note: Enter debits before credits. Required information Use the following information for Exercises 4-5 below. (Static) [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 4,000 shares of $5 par value common stock for $35,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has a $1 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $60,000 cash. Exercise 13-4 (Static) Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock. Journal entry worksheet D Record the issue of 4,000 shares of $5 par value common stock for $35,000 cash. Note: Enter debits before credits. Required information Problem 13-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to the questions displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. The following transactions and events affected its equity during the year. January5March20April5July5July31August14October5Declareda$0.50persharecashdividend,dateofrecordJanuary10.purchasedtreasurystockforcash.Declareda$0.50persharecashdividend,dateofrecordApril10.Declareda$0.50persharecashdividend,dateofrecordJuly10.Declareda20%stockdividendwhenthestocksmarketvaluewas$10pershare.IssuedthestockdividendthatwasdeclaredonJuly31.Declareda$0.50persharecashdividend,dateofrecordoctober10. January 5 Declared a $0.50 per share cash dividend, date of record January 10. March 20 purchased treasury stock for cash. April 5 Declared a $0.50 per share cash dividend, date of record April 10. July 5 Declared a $0.50 per share cash dividend, date of record July 10. July 31 Declared a 20 \% stock dividend when the stock's market value was $10 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.50 per share cash dividend, date of record october 10. Problem 13-4A (Algo) Part 2 2. What is the total dollar amount for each of the four cash dividends? Required information Problem 13-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to the questions displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. The following transactions and events affected its equity during the year. January5March20April5July5July31August14October5Declareda$0.50persharecashdividend,dateofrecordJanuary10.purchasedtreasurystockforcash.Declareda$0.50persharecashdividend,dateofrecordApril10.Declareda$0.50persharecashdividend,dateofrecordJuly10.Declareda20%stockdividendwhenthestocksmarketvaluewas$10pershare.IssuedthestockdividendthatwasdeclaredonJuly31.Declareda$0.50persharecashdividend,dateofrecordoctober10. January 5 Declared a \$0.50 per share cash dividend, date of record January 10. March 20 purchased treasury stock for cash. April 5 Declared a $0.50 per share cash dividend, date of record April 10. July 5 Declared a $0.50 per share cash dividend, date of record July 10. July 31 Declared a 20 s stock dividend when the stock's market value was $10 per share. August 14 Issued the stock dividend that was declared on July 31. october 5 Declared a $0.50 per share cash dividend, date of record october 10 . Problem 13-4A (Algo) Part 5 5. How much net income did the company earn this year? Required information Problem 13-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to the questions displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. The following transactions and events affected its equity during the year. January5March20April5July5July31August14October5Declareda$0.50persharecashdividend,dateofrecordJanuary10.purchasedtreasurystockforcash.Declareda$0.50persharecashdividend,dateofrecordApril10.Declareda$0.50persharecashdividend,dateofrecordJuly10.Declareda20%stockdividendwhenthestocksmarketvaluewas$10pershare.IssuedthestockdividendthatwasdeclaredonJuly31.Declareda$0.50persharecashdividend,dateofrecordOctober10. January 5 Declared a $0.50 per share cash dividend, date of record January 10. March 20 purchased treasury stock for cash. April 5 Declared a $0.50 per share cash dividend, date of record April 10. July 5 Declared a $0.50 per share cash dividend, date of record July 10. July 31 Declared a 20 stock dividend when the stock's market value was $10 per share. August 14 Issued the stock dividend that was declared on July 31. october 5 Declared a $0.50 per share cash dividend, date of record october 10. Problem 13-4A (Algo) Part 1 Required: 1. How many common shares are outstanding on each cash dividend date? Required information Problem 13-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to the questions displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. The following transactions and events affected its equity during the year. January5March20April5July5July31August14October5Declareda$0.50persharecashdividend,dateofrecordJanuary10.purchasedtreasurystockforcash.Declareda$0.50persharecashdividend,dateofrecordApril10.Declareda$0.50persharecashdividend,dateofrecordJuly10.Declareda20%stockdividendwhenthestocksmarketvaluewas$10pershare.IssuedthestockdividendthatwasdeclaredonJuly31.Declareda$0.50persharecashdividend,dateofrecordOctober10. January 5 Declared a $0.50 per share cash dividend, date of record January 10 . March 20 purchased treasury stock for cash. April 5 Declared a $0.50 per share cash dividend, date of record April 10. July 5 Declared a $0.50 per share cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock's market value was $10 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.50 per share cash dividend, date of record october 10. Problem 13-4A (Algo) Part 3 3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend