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April 16 Purchased 5,500 shares of JCW Company stock at $30 per share. July 7 Purchased 4,000 shares of Twist Company stock at $55 per share. July 20 Purchased 1,800 shares of Van Company stock at $22 per share. August 15 Received an $1.30 per share cash dividend on the JCW Company stock. August 28 Sold 3,300 shares of JCW Company stock at $33 per share. October 1 Received a $5.40 per share cash dividend on the Twist Company shares. ecember 15 Received a $1.60 per share cash dividend on the remaining JCW Company shares. ecember 31 Received a $4.80 per share cash dividend on the Twist Company shares. Requirement General Journal General Ledger Trial Balance X Answer is not complete. April 16) Purchased 5,500 shares of JCW Company stock at $30 er share. Fair Value Adjustment For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the cha reflected as a component of net income, or directly within the stockholders' equity portion of the balance sheet. Remember that t change in total assets must agree with the change in total equity. uly 7) Purchased 4,000 shares of Twist Company stock at $55 per hare. uly 20) Purchased 1,800 shares of Van Company stock at $22 per hare. August 15) Received an $1.30 per share cash dividend on the CW Company stock. uust 28) Sold 3 300 shares of ICW Company stock at $33 nor Transaction Analysis Change in Total assets Financial Statement Impact 7,150 As a component of net income 7,150 Change in equity: As a direct component of stockholders' equity Total change in equity $ 0 0 0 7,150 Sho

April 16 Purchased 5,500 shares of JCW Company stock at $30 per share. July 7 Purchased 4,000 shares of Twist Company stock at $55 per share. July 20 Purchased 1,800 shares of Van Company stock at $22 per share. August 15 Received an $1.30 per share cash dividend on the JCW Company stock. August 28 Sold 3,300 shares of JCW Company stock at $33 per share. October 1 Received a $5.40 per share cash dividend on the Twist Company shares. ecember 15 Received a $1.60 per share cash dividend on the remaining JCW Company shares. ecember 31 Received a $4.80 per share cash dividend on the Twist Company shares. Requirement General Journal General Ledger Trial Balance X Answer is not complete. April 16) Purchased 5,500 shares of JCW Company stock at $30 er share. Fair Value Adjustment For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the cha reflected as a component of net income, or directly within the stockholders' equity portion of the balance sheet. Remember that t change in total assets must agree with the change in total equity. uly 7) Purchased 4,000 shares of Twist Company stock at $55 per hare. uly 20) Purchased 1,800 shares of Van Company stock at $22 per hare. August 15) Received an $1.30 per share cash dividend on the CW Company stock. uust 28) Sold 3 300 shares of ICW Company stock at $33 nor Transaction Analysis Change in Total assets Financial Statement Impact 7,150 As a component of net income 7,150 Change in equity: As a direct component of stockholders' equity Total change in equity $ 0 0 0 7,150 Sho

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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April 16 Purchased 5,500 shares of JCW Company stock at $30 per share. July 7 Purchased 4,000 shares of Twist Company stock at $55 per share. July 20 Purchased 1,800 shares of Van Company stock at $22 per share. August 15 Received an $1.30 per share cash dividend on the JCW Company stock. August 28 Sold 3,300 shares of JCW Company stock at $33 per share. October 1 Received a $5.40 per share cash dividend on the Twist Company shares. ecember 15 Received a $1.60 per share cash dividend on the remaining JCW Company shares. ecember 31 Received a $4.80 per share cash dividend on the Twist Company shares. Requirement General Journal General Ledger Trial Balance X Answer is not complete. April 16) Purchased 5,500 shares of JCW Company stock at $30 per share. Fair Value Adjustment For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change 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. July 7) Purchased 4,000 shares of Twist Company stock at $55 per share. July 20) Purchased 1,800 shares of Van Company stock at $22 per share. August 15) Received an $1.30 per share cash dividend on the JCW Company stock. August 28) Sold 3 300 shares of ICW Company stock at $23 nor Transaction Analysis Change in Total assets Financial Statement Impact 7,150 As a component of net income 7,150 Change in equity: As a direct component of stockholders' equity Total change in equity 0 7,150 Show le
Transcribed Image Text:April 16 Purchased 5,500 shares of JCW Company stock at $30 per share. July 7 Purchased 4,000 shares of Twist Company stock at $55 per share. July 20 Purchased 1,800 shares of Van Company stock at $22 per share. August 15 Received an $1.30 per share cash dividend on the JCW Company stock. August 28 Sold 3,300 shares of JCW Company stock at $33 per share. October 1 Received a $5.40 per share cash dividend on the Twist Company shares. ecember 15 Received a $1.60 per share cash dividend on the remaining JCW Company shares. ecember 31 Received a $4.80 per share cash dividend on the Twist Company shares. Requirement General Journal General Ledger Trial Balance X Answer is not complete. April 16) Purchased 5,500 shares of JCW Company stock at $30 per share. Fair Value Adjustment For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change 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. July 7) Purchased 4,000 shares of Twist Company stock at $55 per share. July 20) Purchased 1,800 shares of Van Company stock at $22 per share. August 15) Received an $1.30 per share cash dividend on the JCW Company stock. August 28) Sold 3 300 shares of ICW Company stock at $23 nor Transaction Analysis Change in Total assets Financial Statement Impact 7,150 As a component of net income 7,150 Change in equity: As a direct component of stockholders' equity Total change in equity 0 7,150 Show le
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