As of January 1, 2021, PT Makmur had 100,000 no-par shares issued and outstanding. These shares have a stated value of $50 per share. During 2021 The following things happened: Apr 1 Issued another 25,000 shares of common stock at $170 per share. Jun 15 Announced cash dividend of $20 per share to shareholders and recorded on June 30, 2019. Paid cash dividend of $10 per share Issued another 5,000 shares of common stock at $190 per share. Jul 10 Dec 1 Dec 15 Announced cash dividend on outstanding shares of $22 per share for shareholders and recorded on December 31, 2019. Requested: (a) Make a journal for the transaction above! (b) How does dividend & dividend payable affect the financial statements of PT Makmur?
As of January 1, 2021, PT Makmur had 100,000 no-par shares issued and outstanding. These shares have a stated value of $50 per share. During 2021 The following things happened: Apr 1 Issued another 25,000 shares of common stock at $170 per share. Jun 15 Announced cash dividend of $20 per share to shareholders and recorded on June 30, 2019. Paid cash dividend of $10 per share Issued another 5,000 shares of common stock at $190 per share. Jul 10 Dec 1 Dec 15 Announced cash dividend on outstanding shares of $22 per share for shareholders and recorded on December 31, 2019. Requested: (a) Make a journal for the transaction above! (b) How does dividend & dividend payable affect the financial statements of PT Makmur?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Hw.16.
Transcribed Image Text:As of January 1, 2021, PT Makmur had 100,000 no-par shares issued and outstanding. These shares have a stated value
of $50 per share. During 2021 The following things happened:
Apr 1
Jun 15
Jul 10
Dec 1
Issued another 25,000 shares of common stock at $170
per share.
Announced cash dividend of $20 per share to
shareholders and recorded on June 30, 2019.
Paid cash dividend of $10 per share
Issued another 5,000 shares of common stock at $190
per share.
Dec 15 Announced cash dividend on outstanding shares of $22
per share for shareholders and recorded on December
31, 2019.
Requested:
(a) Make a journal for the transaction above!
(b) How does dividend & dividend payable affect the financial statements of PT Makmur?
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