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Apr. 16 Purchased 6,000 shares of Kohler Co. stock at $29 per share. July 7 Purchased 4,500 shares of JCW Co. stock at $54 per share. 20 Purchased 2,000 shares of Ontario Co. stock at $21 per share. Aug. 15 Received an $1.40 per share cash dividend on the Kohler Co. stock. 28 Sold 3,600 shares of Kohler Co. stock at $32 per share. Oct. 1 Received a $5.00 per share cash dividend on the JCW Co. shares. Dec. 15 Received a $1.70 per share cash dividend on the remaining Kohler Co. shares. 31 Received a $4.40 per share cash dividend on the JCW Co. shares. General Journal General Ledger Requirement Trial Balance Fair Value Adj Fin St Impact For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change was reflected as a component of net income, or directly within the stockholders' equity portion of the balance sheet. Remember that the change in total assets must agree with the change in total equity. Apr. 16) Purchased 6,000 shares of Kohler Co. stock at $29 per share. Jul. 7) Purchased 4,500 shares of JCW Co. stock at $54 per share. Jul. 20) Purchased 2,000 shares of Ontario Co. stock at $21 per share. Aug. 15) Received an $1.40 per share cash dividend on the Kohler Co. stock. Aug. 28) Sold 3,600 shares of Kohler Co. stock at $32 per share. Oct. 1) Received a $5.00 per share cash dividend on the JCW Co. shares. Dec. 15) Received a $1.70 per share cash dividend on the remaining Kohler Co. shares. Dec. 31) Received a $4.40 per share cash dividend on the JCW Co. shares. Answer is not complete. Dec. 31) Adjusted the securities to year-end fair value. Totals S 0X S 0x Total change in equity 0 S 0 0 0 8,400 10,800 22,500 4,080 19,800 (10,350) 55,230 Show less A

Apr. 16 Purchased 6,000 shares of Kohler Co. stock at $29 per share. July 7 Purchased 4,500 shares of JCW Co. stock at $54 per share. 20 Purchased 2,000 shares of Ontario Co. stock at $21 per share. Aug. 15 Received an $1.40 per share cash dividend on the Kohler Co. stock. 28 Sold 3,600 shares of Kohler Co. stock at $32 per share. Oct. 1 Received a $5.00 per share cash dividend on the JCW Co. shares. Dec. 15 Received a $1.70 per share cash dividend on the remaining Kohler Co. shares. 31 Received a $4.40 per share cash dividend on the JCW Co. shares. General Journal General Ledger Requirement Trial Balance Fair Value Adj Fin St Impact For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change was reflected as a component of net income, or directly within the stockholders' equity portion of the balance sheet. Remember that the change in total assets must agree with the change in total equity. Apr. 16) Purchased 6,000 shares of Kohler Co. stock at $29 per share. Jul. 7) Purchased 4,500 shares of JCW Co. stock at $54 per share. Jul. 20) Purchased 2,000 shares of Ontario Co. stock at $21 per share. Aug. 15) Received an $1.40 per share cash dividend on the Kohler Co. stock. Aug. 28) Sold 3,600 shares of Kohler Co. stock at $32 per share. Oct. 1) Received a $5.00 per share cash dividend on the JCW Co. shares. Dec. 15) Received a $1.70 per share cash dividend on the remaining Kohler Co. shares. Dec. 31) Received a $4.40 per share cash dividend on the JCW Co. shares. Answer is not complete. Dec. 31) Adjusted the securities to year-end fair value. Totals S 0X S 0x Total change in equity 0 S 0 0 0 8,400 10,800 22,500 4,080 19,800 (10,350) 55,230 Show less A

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Apr. 16 Purchased 6,000 shares of Kohler Co. stock at $29 per share. July 7 Purchased 4,500 shares of JCW Co. stock at $54 per share. 20 Purchased 2,000 shares of Ontario Co. stock at $21 per share. Aug. 15 Received an $1.40 per share cash dividend on the Kohler Co. stock. 28 Sold 3,600 shares of Kohler Co. stock at $32 per share. oct. 1 Received a $5.00 per share cash dividend on the JCW Co. shares. Dec. 15 Received a $1.70 per 31 Received a $4.40 per General Journal Requirement share cash dividend on the remaining Kohler Co. shares. share cash dividend on the JCW Co. shares. General Ledger Trial Balance Fair Value Adj For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change was reflected as a component of net income, or directly within the stockholders' equity portion of the balance sheet. Remember that the change in total assets must agree with the change in total equity. Apr. 16) Purchased 6,000 shares of Kohler Co. stock at $29 per share. Jul. 7) Purchased 4,500 shares of JCW Co. stock at $54 per share. Jul. 20) Purchased 2,000 shares of Ontario Co. stock at $21 per share. Aug. 15) Received an $1.40 per share cash dividend on the Kohler Co. stock. Aug. 28) Sold 3,600 shares of Kohler Co. stock at $32 per share. Oct. 1) Received a $5.00 per share cash dividend on the JCW Co. shares. Dec. 15) Received a $1.70 per share cash dividend on the remaining Kohler Co. shares. Dec. 31) Received a $4.40 per share cash dividend on the JCW Co. shares. Answer is not complete. Dec. 31) Adjusted the securities to year-end fair value. Totals <Fair Value Adj Change in $ $ Transaction Analysis Total assets 0 0 0 8,400 10,800 22,500 4,080 19,800 (10,350) 55,230 Fin St Impact As a component of net income 8,400 10,800 22,500 4,080 19,800 (10,350) S 55,230 Change in equity: As a direct component of stockholders' equity Fin St Impact > $ $ 01 $ 0 Total change in equity 0 $ 0 0 0 8,400 10,800 22,500 4,080 19,800 (10,350) 55,230 Show less
Transcribed Image Text:Apr. 16 Purchased 6,000 shares of Kohler Co. stock at $29 per share. July 7 Purchased 4,500 shares of JCW Co. stock at $54 per share. 20 Purchased 2,000 shares of Ontario Co. stock at $21 per share. Aug. 15 Received an $1.40 per share cash dividend on the Kohler Co. stock. 28 Sold 3,600 shares of Kohler Co. stock at $32 per share. oct. 1 Received a $5.00 per share cash dividend on the JCW Co. shares. Dec. 15 Received a $1.70 per 31 Received a $4.40 per General Journal Requirement share cash dividend on the remaining Kohler Co. shares. share cash dividend on the JCW Co. shares. General Ledger Trial Balance Fair Value Adj For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change was reflected as a component of net income, or directly within the stockholders' equity portion of the balance sheet. Remember that the change in total assets must agree with the change in total equity. Apr. 16) Purchased 6,000 shares of Kohler Co. stock at $29 per share. Jul. 7) Purchased 4,500 shares of JCW Co. stock at $54 per share. Jul. 20) Purchased 2,000 shares of Ontario Co. stock at $21 per share. Aug. 15) Received an $1.40 per share cash dividend on the Kohler Co. stock. Aug. 28) Sold 3,600 shares of Kohler Co. stock at $32 per share. Oct. 1) Received a $5.00 per share cash dividend on the JCW Co. shares. Dec. 15) Received a $1.70 per share cash dividend on the remaining Kohler Co. shares. Dec. 31) Received a $4.40 per share cash dividend on the JCW Co. shares. Answer is not complete. Dec. 31) Adjusted the securities to year-end fair value. Totals <Fair Value Adj Change in $ $ Transaction Analysis Total assets 0 0 0 8,400 10,800 22,500 4,080 19,800 (10,350) 55,230 Fin St Impact As a component of net income 8,400 10,800 22,500 4,080 19,800 (10,350) S 55,230 Change in equity: As a direct component of stockholders' equity Fin St Impact > $ $ 01 $ 0 Total change in equity 0 $ 0 0 0 8,400 10,800 22,500 4,080 19,800 (10,350) 55,230 Show less
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