Question
The following events occurred during 2015: 1. Jan. 5 32,000 shares of authorized and unissued common stock were sold for $8 per share. 2. Jan.
The following events occurred during 2015:
1. Jan. 5 32,000 shares of authorized and unissued common stock were sold for $8 per share.
2. Jan. 16 Declared a cash dividend of 20 cents per share, payable February 15 to stock-holders of record on February 5.
3. Feb. 10 40,000 shares of authorized and unissued common stock were sold for $13 per share.
4. March 1 A 30% stock dividend was declared and issued. Fair value per share is currently $15.
5. April 1 A two-for-one split was carried out. The par value of the stock was to be reduced to $2.50 per share. Fair value on March 31 was $18 per share.
6. July 1 A 15% stock dividend was declared and issued. Fair value is currently $10 per share.
7. Aug. 1 A cash dividend of 20 cents per share was declared, payable September 1 to stockholders of record on August 21.
Enter the above events into the following work sheet showing how each event affects the column.
Please include all solutions and values so I can figure out what I am doing wrong. Thank you soo much, I will be sure to rate you :)
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