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The equity sections from Atticus Group's 2017 and 2018 year-end balance sheets follow. Journalize the following transactions and events affecting its equity during year 2018.
The equity sections from Atticus Group's 2017 and 2018 year-end balance sheets follow.
Journalize the following transactions and events affecting its equity during year 2018.
IV.The equity sections from Atticus Group's 2017 and 2018 year-end balance sheets follow Stockholders' Equity (December 31, 2017) Common stock-$5 par value, 100,000 shares Retained earnings Total stockholders' equity authorized, 30,000 shares issued and outstanding$150,000 Paid-in capital in excess of par value, common stock 110,000 320,000 $580,000 Journalize the following transactions and events affecting its equity during year 2018. Jan. 5 Declared a $0.60 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.60 July 5 Declared a $0.60 per share cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock's market value was $12 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.60 per share cash dividend, date of record October 10. IV.The equity sections from Atticus Group's 2017 and 2018 year-end balance sheets follow Stockholders' Equity (December 31, 2017) Common stock-$5 par value, 100,000 shares Retained earnings Total stockholders' equity authorized, 30,000 shares issued and outstanding$150,000 Paid-in capital in excess of par value, common stock 110,000 320,000 $580,000 Journalize the following transactions and events affecting its equity during year 2018. Jan. 5 Declared a $0.60 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.60 July 5 Declared a $0.60 per share cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock's market value was $12 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.60 per share cash dividend, date of record October 10
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