on january 1, 2010, weiser corporation had the following stockholders’ equity
accounts.
Common stock ($5 par value, 200,000 shares issued and
outstanding) $1,000,000
paid-in capital in excess of par value 200,000
retained earnings 840,000
during the year, the following transactions occurred.
Jan. 15 declared a $1 cash dividend per share to stockholders of record on january 31, payable
february 15.
R/e 200,000 <<< dr
d/p 200,000 <<<cr
feb. 15 paid the dividend declared in january.
D/p 200,000 <<< dr
cash 200,000 <<< cr
apr. 15 declared a 10% stock dividend to stockholders of record on april 30, distributable
may 15. On april 15, the market price of the stock was $15 per share.
R/e 300,000 <<< dr
c/s/d/d 100,000 <<< cr
p/c/e/p 200,000 <<< cr
may 15 issued the shares for the stock dividend.
C/s/d/d 100,000 <<< dr
c/s 100,000 <<< cr
july 1 announced a 2-for-1 stock split.the market price per share prior to the announcement
was $17. (the new par value is $2.50.)
الاسهم فقط صارت قيمتها 400,000
وقيمه السهم صار 2.5
dec. 1 declared a $0.50 per share cash dividend to stockholders of record on december 15,
payable january 10, 2011.
R/e 200,000 <<< dr
d/p 200,000 <<< cr
31 determined that net income for the year was $250,000.
I/s 250,000 <<< dr
r/e 250,000 <<< cr
instructions
(a) journalize the transactions and the closing entry for net income
يلا حلو دا مرا حلو جامع لكل الشابتر :)