Account Number Account Name Debit Credit 101 Cash 1,118,000 170 Land - 175 Building - 307 Common Stock 400,000 308 Preferred Stock - 315 Paid in Capital in Excess of Par-Common 60,000 316 Paid in Capital in Excess of Par-Preferred - 318 Retained Earnings 658,000 1,118,000 1,118,000 When the Kohler Corporation was formed the articles of incorporation requested authorization to issue 50,000 shares of $20 par common stock and 80,000 shares of $50 par, 5%, cumulative preferred stock. Jan 3 Purchased 1,600 shares of its own stock at $24 cash per share. Jan 18 Issued 5,200 shares of common stock at $25 per share. Jan 23 Directors declared a $0.95 per share cash dividend payable on February 28 to stockholders of record on February 7. Feb 7 Date of record for the dividend declared on January 23. Feb 18 Purchased 1,900 shares of its own common stock at $27 per share. Feb 28 Paid the dividend declared on January 23. Apr 26 Issued 2,500 shares of preferred stock for $57 per share. Jul 5 Sold 900 shares of its treasury shares at $26 per share. (In determining cost of treasury stock sold use FIFO) Jul 25 Issued 4,500 shares of $50 par, 5%, preferred stock for land valued at $56,000 and a building valued at $196,000. Aug 20 Sold 1,500 shares of its treasury stock at $22 per share. Sep 10 The Board of Directors declared a $0.95 per share cash dividend on common stock payable on October 25 to stockholders of record September 20. (Preferred dividend is below) Sep 20 The date of record for the dividend declared on September 10. Sep 30 Sold 425 shares of it treasury stock for $29 per share. Oct 25 Issued checks for the dividend declared on September 10. Dec 2 The Board declared the dividend on the preferred stock payable on December 31 to stockholders of record on December 16. Dec 16 Date of record for the dividend declared on December 1. Dec 31 Paid the dividend declared on December 1. Enter the following transactions on the General Journal tab
Accounting
| Account | |||
| Number | Account Name | Debit | Credit |
| 101 | Cash | 1,118,000 | |
| 170 | Land | - | |
| 175 | Building | - | |
| 307 | Common Stock | 400,000 | |
| 308 | - | ||
| 315 | Paid in Capital in Excess of Par-Common | 60,000 | |
| 316 | Paid in Capital in Excess of Par-Preferred | - | |
| 318 | 658,000 | ||
| 1,118,000 | 1,118,000 |
When the Kohler Corporation was formed the articles of incorporation requested authorization to issue 50,000 shares of $20 par common stock and 80,000 shares of $50 par, 5%, cumulative preferred stock.
Jan 3 Purchased 1,600 shares of its own stock at $24 cash per share.
Jan 18 Issued 5,200 shares of common stock at $25 per share.
Jan 23 Directors declared a $0.95 per share cash dividend payable on
February 28 to stockholders of record on February 7.
Feb 7 Date of record for the dividend declared on January 23.
Feb 18 Purchased 1,900 shares of its own common stock at $27 per share.
Feb 28 Paid the dividend declared on January 23.
Apr 26 Issued 2,500 shares of preferred stock for $57 per share.
Jul 5 Sold 900 shares of its treasury shares at $26 per share. (In
determining cost of
Jul 25 Issued 4,500 shares of $50 par, 5%, preferred stock for land valued
at $56,000 and a building valued at $196,000.
Aug 20 Sold 1,500 shares of its treasury stock at $22 per share.
Sep 10 The Board of Directors declared a $0.95 per share cash dividend
on common stock payable on October 25 to stockholders of record
September 20. (Preferred dividend is below)
Sep 20 The date of record for the dividend declared on September 10.
Sep 30 Sold 425 shares of it treasury stock for $29 per share.
Oct 25 Issued checks for the dividend declared on September 10.
Dec 2 The Board declared the dividend on the preferred stock payable on
December 31 to stockholders of record on December 16.
Dec 16 Date of record for the dividend declared on December 1.
Dec 31 Paid the dividend declared on December 1.
Enter the following transactions on the General Journal tab of the Excel template
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