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This is the answer of my one of the question , I need it n hand writting you just need to copy this answer and

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This is the answer of my one of the question , I need it n hand writting

you just need to copy this answer and write in you hand writting

Note : Hand writting must be very clean and clear, and presentation must be very clean as well

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Date Particular Amount Amount 16-Feb Retained Earning a/c Dr 1,20,000 To Dividend payable (120,000 share * $1) $ 1,20,000 (Being record the dividend declared ) 01-Mar cash a/c Dr S 50,000 To common stock 25,000 To paid in capital 25,000 (Being record the issuance of common stock) Working : Par value = $600,000 / 120,000 share = $5.00/share Common stock = 5,000 share * $5.00 = $25,000 Paid in capital = 5,000 share * ($10 - $5) = $25,000 31-Mar Dividend payable a/c Dr S 1,20,000 To cash a/c $ 1,20,000 (Being payament of dividend) 10-Jul Treasury share a/c Dr S 20,000 To cash a/c S 20,000 (Being record of sale of treasury stock) Working : Treasury share = 2,000 share * $1 = $20,00005-Oct Retained earning a/c Dr S 1,83,000 To Dividend payable S 1,83,000 (Being record declaration of stock dividend) Working : Issued share , 12/31/2020 120,000 share Purchase , 03/01/2021 5,000 share Treasury share (3,000) share Issued and outstanding 122,000 share Par Value (Multiply by) $5.00 Total S 4,10,000 Multiple by 30% Total stock dividend S 1,83,000 01-Dec Dividend payable Dr 1,83,000 To common stock S 1,83,000 (Being record distribution of stock dividend ) Note : Since the stock dividend issued is a large Dividend (> 20%) dividend is measured at par Value, therefore no excess in par is recorded 15-Dec No journal entry is necessary , only memo is usually done Note : The company is authorised to implement 3 for 2 split for its common stock 31-Dec Income summary Dr S 1,00,000 To Retained earning $ 1,00,000 ( Being close income summary account)

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