Current Attempt in Progress On January 1, 2025, Carla Vista Corporation had 93,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred: Issued 108,000 shares of common stock for $810,000 Declared a cash dividend of $2 per share to stockholders of record on June 15. Paid the $2 cash dividend 1 Purchased 6,000 shares of common stock for the treasury for $18 per share. Dec. 15 Declared a cash dividend on outstanding shares of $2.50 per share to stockholders of record on December 31. Mar 1 June 1 June 30 Dec. Net Income for 2025 totaled $1.086,000
Current Attempt in Progress On January 1, 2025, Carla Vista Corporation had 93,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred: Issued 108,000 shares of common stock for $810,000 Declared a cash dividend of $2 per share to stockholders of record on June 15. Paid the $2 cash dividend 1 Purchased 6,000 shares of common stock for the treasury for $18 per share. Dec. 15 Declared a cash dividend on outstanding shares of $2.50 per share to stockholders of record on December 31. Mar 1 June 1 June 30 Dec. Net Income for 2025 totaled $1.086,000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 2MC: Cary Corporation has 50,000 shares of 10 par common stock authorized. The following transactions...
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![Current Attempt in Progress
On January 1, 2025, Carla Vista Corporation had 93,000 shares of $1 par value common stock issued and outstanding. During the
year, the following transactions occurred:
Issued 108,000 shares of common stock for $810,000.
Declared a cash dividend of $2 per share to stockholders of record on June 15.
Paid the $2 cash dividend.
June 30
Dec. 1
Purchased 6,000 shares of common stock for the treasury for $18 per share.
Dec. 15 Declared a cash dividend on outstanding shares of $2.50 per share to stockholders of record on December 31.
Mar. 1
June 1
Net Income for 2025 totaled $1.086,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F76f971dc-5619-4409-b433-c3e66a4111f9%2F8aff611d-ded6-441b-8adf-cb1273e840e2%2F8od8i6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Current Attempt in Progress
On January 1, 2025, Carla Vista Corporation had 93,000 shares of $1 par value common stock issued and outstanding. During the
year, the following transactions occurred:
Issued 108,000 shares of common stock for $810,000.
Declared a cash dividend of $2 per share to stockholders of record on June 15.
Paid the $2 cash dividend.
June 30
Dec. 1
Purchased 6,000 shares of common stock for the treasury for $18 per share.
Dec. 15 Declared a cash dividend on outstanding shares of $2.50 per share to stockholders of record on December 31.
Mar. 1
June 1
Net Income for 2025 totaled $1.086,000
![Date
Mar. 1
June 11
June 30
Dec. 1
Dec. 15
V
Account Titles and Explanation
Cash
Common Stock
Paid-in Capital in Excess of Par-Common Stock
Cash Dividends
Dividends Payable
Dividends Payable
Cash
Treasury Stock
Cash
Cash Dividends
Dividends Payable
Debit
Credit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F76f971dc-5619-4409-b433-c3e66a4111f9%2F8aff611d-ded6-441b-8adf-cb1273e840e2%2F9qjpyig_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Date
Mar. 1
June 11
June 30
Dec. 1
Dec. 15
V
Account Titles and Explanation
Cash
Common Stock
Paid-in Capital in Excess of Par-Common Stock
Cash Dividends
Dividends Payable
Dividends Payable
Cash
Treasury Stock
Cash
Cash Dividends
Dividends Payable
Debit
Credit
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