MChapter 11 Homework-Ax ccountng journal entres x journal entries clNezto.mheduc

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MChapter 11 Homework-Ax ccountng journal entres x journal entries clNezto.mheducation.com/hm.tpx Common stock-$5 par value, 50,000 shares authorized, 40,000 shares issued and outstanding Paid-In capital in excess of par value, common stock Retained earnings $200,000 160,000 340,000 Total stockholders equity $700,000 Common stock-$5 par value, 50,000 shares authorized, 47,200 shares tssued, 4.000 shares in treasury Peid-in caprel in excess of par value, common stock Retained cormings ($40.000 restnicted by treasury stock) $236,000 224.800 420.000 880,800 40.000) Less cost of treasury stock Total stockhoiders equity $840.800 The folowing transactions and events offlected its equlty during yeor 2012 Jan. 5 Declarea a so 60 per shore cesh dividena date of recond January 10 Mar. 20 Purchased treasury stock for cash Apr. s Deciared o S0 60 per share cash dividend, date of record Aprt to July 5 Declared$0.00 per snare casnivoena, date or record Jury to. July 31 Declared 20% stock doend when the stock s market vabae is $14 per snere Aug 14 Issued the stock dvidend that was deciared on July 3 Oct 5 Declaned o $0.60 per share cosh dvidend, date of record October 10 References Book & Resources DI Search the web and

Explanation / Answer

Answer:1

Answer:2

Answer:3

Answer:5

Particulars 5-Jan 5-Apr 5-Jul 5-Oct Outstanding common shares 40000 36000 36000 43200

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