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The stockholders' equity accounts of Caitlyn's Cookie Corp. (CCC) balances as of December 31, 2020 are as follows: Common stock, $2.50 par $150,000 Paid in
The stockholders' equity accounts of Caitlyn's Cookie Corp. (CCC) | ||||||
balances as of December 31, 2020 are as follows: | ||||||
Common stock, $2.50 par | $150,000 | |||||
Paid in capital in excess of par | $850,000 | |||||
Retained earnings | $4,500,000 | |||||
Required: | ||||||
Prepare the appropriate journal entry for each of the following | ||||||
2021 transactions: | ||||||
15-Jan | CCC declares a 30% stock dividend | |||||
Shares of CCC are currently selling on the NYSE at $22. | ||||||
14-Feb | 30% stock dividend distribution date, FMV of stock = $24 | |||||
9-May | CCC declares a 4% stock dividend | |||||
Shares of CCC are currently selling on the NYSE at $25. | ||||||
16-May | 4% stock dividend distribution date, FMV of stock = $26 | |||||
20-Jun | CCC declares a $.70 per share cash dividend | |||||
4-Jul | Cash dividend payment date |
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