April 19Issued 2,000 common shares at $16 per share.July 22Declared and paid a cash dividend of $0.40 per common share (20,000 common shares outstanding).Nov 11Issued 700 common shares at $18 per share. What was the overall effect of these transactions onCreative's shareholders' equity? * 2nd Last question image not showing but format it in the same way* Begin with journalizing the April 19th transaction. Issued 2,000 common shares at $16 per share. (Record debits first, then credits.Explanations are not required.)DateApril 19AccountsDebitCredit Next, journalize the July 22nd transaction. Declared and paid a cash dividend of $0.40 per common share (20,000 common shares outstanding).DateJuly 22AccountsDebitCredit

STATEMENT OF SHAREHOLDERS EQUITYStatement of Shareholders Equity is also Known as Changes in…

Answered: April 19 Issued 2,000 common shares at…

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 19	Issued 2,000 common shares at $16 per share.
July 22	Declared and paid a cash dividend of $0.40 per common share (20,000 common shares outstanding).
Nov 11	Issued 700 common shares at $18 per share.

Similar questions

Hh2.
Marcellus Corporation reports the following components of stockholders' equity on January 1. Common stock-$10 par value, 110,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity During the year, the following transactions affected its stockholders' equity accounts. $ 400,000 60,000 330,000 $ 790,000 January 2 Purchased 4,000 shares of its own stock at $23 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 2,000 of its treasury shares at $27 cash per share. August 22 Sold 2,000 of its treasury shares at $19 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the dividend declared on September 5. December 31 Closed the $549,500…
Not Graded Earnings per ShareLucky Corporation began the year with a simple capital structure consisting of 200,000 shares of outstanding common stock. On April 1, 90,000 additional common shares were issued, and another 30,000 common shares were issued on August 1. The company had net income for the year of $690,000. Calculate the earnings per share of common stock. Round to two decimal points.Earnings per Share $Answer
32
5. Magenta Corporation declared $0.70 per share cash dividends on September 18. The dividends were recorded and paid on September 23 and September 29, respectively. Magenta Corporation had 50,000 shares outstanding with par value of $1. The journal entry to record the transaction on September 29 is … a. Cash Dividends $35,000 Dividends Payable $35,000 b. No journal entry required on this date c. Retained Earnings $50,000 Cash Dividends $50,000 d. Dividends Payable $35,000 Cash $35,000
Oct. 2 Issued 24,000 shares of common stock for a building with a market value of $130,000. Oct. 6 Issued 550 shares of preferred stock for $160 per share. Oct. 9 Issued 18,000 shares of common stock for cash of $90,000. Declared a $21,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock Oct. 10 Oct. 25 Paid the cash dividend. Assume B- Mobile's net income for the month was $92,000.
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Part A - A corporation reacquires 60,000 shares of its own $10 par common stock for $3,000,000, recording it at cost. What effect does this transaction have on revenue or expense of the period? What effect does it have on stockholders' equity?
Answer question completely. Note this is one question with multiple parts please answer question completely

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