solve for part B please! (the last 2 photos)
Assignment ACES CALCULATOR PRINTER VERSION BACK NEXT Problem 14-01A - (Part Level Submission) (Video) On January 1, 2020, Crane Corporation had the following stockholders' equity accounts. Common Stock ($26 par value 50,000 shares issued and outstanding) $1,300,000 Paid-in Capital in Excess of Par-Common Stock 194,000 Retained Earnings 619,000 on) During the year, the following transactions occurred. Feb. 1 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1 Mar. 1 Paid the dividendeclared in February Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $36. July Declared a 10% stock dividend to stockholders of record on My 15, distributable July 31. On July 1, the market price of the stock was $15 per share. 31 Issued the shares for the stock dividend. Dec. 1 Declared a $0.40 per share dividend to stockholders of record on December 15, payable January 5, 2021. 31 Determined that net income for the year was $393,500 dy Your answer is correct. Journalize the transactions and the closing entries for net income and dividends. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit ES Your answer is correct. Journalize the transactions and the closing entries for net income and dividends. (Credit account titles are aute entry is required, select "No Entry" for the account titles and enter o for the amounts. Record journal Date Account Titles and Explanation Debit Credit Feb. 1 Cash Dividends 100000 Dividends Payable 100000 Mar. 1 Dividends Payable 100000 Cash 100000 Apr.1 No Entry y No Entry July 1 Stock Dividends 150000 Common Stock Dividends Distributable 130000 Paid-in Capital in Excess of Par-Common Stock 20000 July 31 Common Stock Dividends Distributable 130000 ent > Open Assignment Common Stock Dividends Distributable 1300001 TENT RESOURCES Homework as with Video ce (Part Level ion) se 14-01 a Paid-in Capital in Excess of Par-Common Stock 20000 July 31 Common Stock Dividends Distributable 130000 22 > se 14-03 a-b Common Stock 130000 - > se 14-05a-b Level Submission) Dec. 1 Cash Dividends 44000 ) Dividends Payable 44000 se 14-OZ (Video) m 14-01A a-d Level Submission) > Dec. 31 Income Summary 393500 m 14-04A (Video) 393500 core Results by Study Retained Earnings (To close net income) Dec. 31 Retained Earnings 150000 Stock Dividends 150000 (To close stock dividends) Dec. 31 Retained Earnings 144000 Cash Dividends 144000 (To place cash dividende) (b) Enter the beginning balances, and post the entries to the stockholders' equity accounts. (Note: Open additional stockholders' equity accounts as needed.) (Post entries in the order of journal entries presented in the previous part.) Common Stock Date Explanation Ref Balance Debit Credit Balance Common Stock Dividends Distributable Date Explanation Ref Debit Credit Balance Pald-in Capital in Excess of Par Common Stock Date Explanation Ref Debit Credit Balance Balance Retained Earnings Date Explanation Ref Debit Credit Balance Retained Earnings Date Explanation Ref Debit IENT RESOURCES omework is with Video ce (Part Level on) Fe 14-01 a Credit Balance Balance Net Income e 14-03 a-b Stock dividend e 14-05 a-b evel Submission) Cash dividend - e 14-07 (Video) n 14-01A a-d evel Submission) Cash Dividends Date Explanation Ref Debit Credit Balance 14-04A (Video) core esults by Study Stock Dividends Date Explanation Ref Debit Credit Balance CIL Hun would like to Show Work for this question: Open Show Work
