Engels DSO Company has 4 590 000 outstanding ordinary shares of €94 par value. The current market price per share is €122. DSO Company distributes a 4% share dividend and values it at fair value. Required: What is the correct journal entry in order to take these financial statement effects into account? Account naam Debit Credit Ingehouden Winsten (Retained Earnings) €22 399 200 Aandelenkapitaal (Share Capital) €17 258 400 Ingebracht Surplus (Contributed Surplus) €5 140 800 Account naam Debit Credit Aandelenkapitaal (Share Capital) €17 258 400 €5 140 800 Ingebracht Surplus (Contributed Surplus) €22 399 200 Ingehouden Winsten (Retained Earnings) Account naam Debit Credit €22 399 200 Aandelenkapitaal (Share Capital) €22 399 200 Ingehouden Winsten (Retained Earnings) Debit Credit Account naam €17 258 400 Aandelenkapitaal (Share Capital) €17 258 400 Ingehouden Winsten (Retained Earnings)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Engels
DSO Company has 4 590 000 outstanding ordinary shares of €94 par value. The current market price
per share is €122. DSO Company distributes a 4% share dividend and values it at fair value.
Required: What is the correct journal entry in order to take these financial statement effects into
account?
Account naam
Debit
Credit
Ingehouden Winsten (Retained Earnings)
€22 399 200
Aandelenkapitaal (Share Capital)
€17 258 400
Ingebracht Surplus (Contributed Surplus)
€5 140 800
Account naam
Debit
Credit
Aandelenkapitaal (Share Capital)
€17 258 400
€5 140 800
Ingebracht Surplus (Contributed Surplus)
€22 399 200
Ingehouden Winsten (Retained Earnings)
Account naam
Debit
Credit
€22 399 200
Aandelenkapitaal (Share Capital)
€22 399 200
Ingehouden Winsten (Retained Earnings)
Debit
Credit
Account naam
€17 258 400
Aandelenkapitaal (Share Capital)
€17 258 400
Ingehouden Winsten (Retained Earnings)
Transcribed Image Text:Engels DSO Company has 4 590 000 outstanding ordinary shares of €94 par value. The current market price per share is €122. DSO Company distributes a 4% share dividend and values it at fair value. Required: What is the correct journal entry in order to take these financial statement effects into account? Account naam Debit Credit Ingehouden Winsten (Retained Earnings) €22 399 200 Aandelenkapitaal (Share Capital) €17 258 400 Ingebracht Surplus (Contributed Surplus) €5 140 800 Account naam Debit Credit Aandelenkapitaal (Share Capital) €17 258 400 €5 140 800 Ingebracht Surplus (Contributed Surplus) €22 399 200 Ingehouden Winsten (Retained Earnings) Account naam Debit Credit €22 399 200 Aandelenkapitaal (Share Capital) €22 399 200 Ingehouden Winsten (Retained Earnings) Debit Credit Account naam €17 258 400 Aandelenkapitaal (Share Capital) €17 258 400 Ingehouden Winsten (Retained Earnings)
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