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Book Date Jan. 1 Apr. 2 June 30 Date ACCOUNT Retained Earnings Jan. June 30 1 Dec. 30 Dec. Item Balance 31 10,000 shares issued for cash Stock dividend Item Sale of common stock Cash dividend Stock dividend Item Balance Stock dividend Cash dividend Net income Print Item Debit 70,000 76,400 Debit Credit 280,000 30,000 Credit 478,100 If an amount is not reported on the statement of cash flows, leave the amount box blank. Section of Statement of Cash Flows Debit Debit Balance ACCOUNT NO. Credit 120,000 400,000 430,000 Balance Credit 664,000 594,000 517,600 995,700 Added or Deducted $ Amount

Book Date Jan. 1 Apr. 2 June 30 Date ACCOUNT Retained Earnings Jan. June 30 1 Dec. 30 Dec. Item Balance 31 10,000 shares issued for cash Stock dividend Item Sale of common stock Cash dividend Stock dividend Item Balance Stock dividend Cash dividend Net income Print Item Debit 70,000 76,400 Debit Credit 280,000 30,000 Credit 478,100 If an amount is not reported on the statement of cash flows, leave the amount box blank. Section of Statement of Cash Flows Debit Debit Balance ACCOUNT NO. Credit 120,000 400,000 430,000 Balance Credit 664,000 594,000 517,600 995,700 Added or Deducted $ Amount

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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Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be report of cash flows. There were no unpaid dividends at either the beginning or the end of the year. ACCOUNT Common Stock, $20 par Date Jan. 1 Apr. 2 June 4 Jan. ACCOUNT Paid-In Capital in Excess of Par-Common Stock Date + 30 Apr. June 30 F4 1 C 2 Balance, 40,000 shares 10,000 shares issued for cash 2,000-share stock dividend ACCOUNT Retained Earnings C Balance Q Search % F5 5 Item 10,000 shares issued for cash Stock dividend F6 6 Item F7 Debit & 7 LOL F8 Debit * 8 F9 Credit * 200,000 40,000 Credit 280,000 30,000 ( 9 F10 ACCOUNT NO. Debit Debit I Balance ACCOUNT NO. 0 Credit 800,000 1,000,000 1,040,000 Balance F11 Credit ACCOUNT NO. 120,000 400,000 430,000 A F12 PrtSc +
Transcribed Image Text:Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be report of cash flows. There were no unpaid dividends at either the beginning or the end of the year. ACCOUNT Common Stock, $20 par Date Jan. 1 Apr. 2 June 4 Jan. ACCOUNT Paid-In Capital in Excess of Par-Common Stock Date + 30 Apr. June 30 F4 1 C 2 Balance, 40,000 shares 10,000 shares issued for cash 2,000-share stock dividend ACCOUNT Retained Earnings C Balance Q Search % F5 5 Item 10,000 shares issued for cash Stock dividend F6 6 Item F7 Debit & 7 LOL F8 Debit * 8 F9 Credit * 200,000 40,000 Credit 280,000 30,000 ( 9 F10 ACCOUNT NO. Debit Debit I Balance ACCOUNT NO. 0 Credit 800,000 1,000,000 1,040,000 Balance F11 Credit ACCOUNT NO. 120,000 400,000 430,000 A F12 PrtSc +
Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be report of cash flows. There were no unpaid dividends at either the beginning or the end of the year. ACCOUNT Common Stock, $20 par Date Jan. 1 Apr. 2 June 4 Jan. ACCOUNT Paid-In Capital in Excess of Par-Common Stock Date + 30 Apr. June 30 F4 1 C 2 Balance, 40,000 shares 10,000 shares issued for cash 2,000-share stock dividend ACCOUNT Retained Earnings C Balance Q Search % F5 5 Item 10,000 shares issued for cash Stock dividend F6 6 Item F7 Debit & 7 LOL F8 Debit * 8 F9 Credit * 200,000 40,000 Credit 280,000 30,000 ( 9 F10 ACCOUNT NO. Debit Debit I Balance ACCOUNT NO. 0 Credit 800,000 1,000,000 1,040,000 Balance F11 Credit ACCOUNT NO. 120,000 400,000 430,000 A F12 PrtSc +
Transcribed Image Text:Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be report of cash flows. There were no unpaid dividends at either the beginning or the end of the year. ACCOUNT Common Stock, $20 par Date Jan. 1 Apr. 2 June 4 Jan. ACCOUNT Paid-In Capital in Excess of Par-Common Stock Date + 30 Apr. June 30 F4 1 C 2 Balance, 40,000 shares 10,000 shares issued for cash 2,000-share stock dividend ACCOUNT Retained Earnings C Balance Q Search % F5 5 Item 10,000 shares issued for cash Stock dividend F6 6 Item F7 Debit & 7 LOL F8 Debit * 8 F9 Credit * 200,000 40,000 Credit 280,000 30,000 ( 9 F10 ACCOUNT NO. Debit Debit I Balance ACCOUNT NO. 0 Credit 800,000 1,000,000 1,040,000 Balance F11 Credit ACCOUNT NO. 120,000 400,000 430,000 A F12 PrtSc +
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