Question
Using the following stockholder's equity section for BBB Company and entries, journalize all needed entries and create the Stockholder's Equity section as of March 15,
Using the following stockholder's equity section for BBB Company and entries, journalize all needed entries and create the Stockholder's Equity section as of March 15, 2021. You can use Excel or Word. BBB Company Stockholder's Equity Section October 1, 2020 200,000 Shares issued and outstanding, Common Stock $5 Par Value $1,000,000 Paid In Capital in Excess of Par Value, Common Stock 400,000 Retained Earnings $1, 500,000 Total Stockholder's Equity $2,900,000 Transactions: 10/15/20 The company bought 15,000 shares of its own stock back from stockholders for $10 share. 10/30/20 The company reissued 5,000 shares for $15 share. 11/15/20 The Board of Directors declared a cash dividend payable on 12/31/20 for $2 per share. Date of Record is 12/15. 11/20/20 The company reissued 8,000 shares at $9 share. 12/31/20 The company reissued 2,000 shares at $5 share. 12/31/20 The company paid the cash dividend declared on 11/15/20. 1/15/21 The company declared a 10% stock dividend when the market value is $25. Date of record is 2/15/21 and date of distribution is 3/15/21
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