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The 3rd and 4th slides are the same as 1 and 2 im just showing you the dates. Dont worry about an explanation i just
The 3rd and 4th slides are the same as 1 and 2 im just showing you the dates.
On January 1, 2022, Crane Corporation had the following stockholders' equity accounts. 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 dividend deciared in February. Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $38. July 1 Declared a 10\% stock dividend to stochholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $15 per share. 31 Issicd the shares for the stock dividend. Dec. 1 Declared a 50,30 per share dividend to stockholders of record on December 15 , payable January 5,2023, 31 Determined that net income foc the year was $398,500. Journalize the transactions and the closing entries for net income and dividends. (Credit account titles are automotically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Stock Dividends 169,500 Common Stock Dividends Distributable Paid-in Capital in Excess of Par-Common Stock Cominon Stock Dividends Distributable Common Stock Cash Dividends Dividends Payable Income Summary Retained Earnings (To close net income) Retained Earnings Stock Dividends (To close stock dividends) Retained Earnings Castividends Feb.1 Cash Dividends Dividends Payable Dividends Payable Cish Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Paid-in Capital in Excess of Par-Common Stock CommonStock Dividends Distributable Common Stock Cash Dividends Dividends Payable Dec.31 3 Income Summary Retained Earnings (To close net income) Retained Earnings Stock Dividends (To close stock dividends) Dec. 31 Retained Earnings Cash Dividends (To close cash dividends) 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.) Retained Earnings Cash dividend Cash Dividends Balance Stock Dividends Balance Dont worry about an explanation i just need the answers quickly
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