During 2022, Roblez Corporation had the following transactions and events.1.2.3.4.5.6.7.8.Declared a cash dividend.Issued par value common stock for cash at par value.Completed a 2-for-1 stock split in which $10 par value stock was changed to $5 par value stock.Declared a small stock dividend when the market price was higher than par value.Made a prior period adjustment for overstatement of net income.Issued the shares of common stock required by the stock dividend declaration in item no. 4 above..Paid the cash dividend in item no. 1 above.Issued par value common stock for cash above par value.Indicate the effect(s) of each of the foregoing items on the subdivisions of stockholders' equity.Item1.2.3.4.5.6.7.8.Paid-in CapitalCapital StockNo EffectAdditionalNo EffectRetained EarningsDecrease

Retained earnings are the portion of a company's profits that are not distributed as dividends to…

Answered: Declared a cash dividend. Issued par…

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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-ed -ok nt ences Kinkaid Company was incorporated at the beginning of this year and had a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. Transaction a. b. C. d. General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid-in capital at year-end? 2. Number of outstanding shares 3. Total paid-in capital Debit 300,000 180,000 43,500 17,500 82,700 125,000 Credit 230,000 70,000 125,000 55,000 59,600 54,100 30,000 79,000 46,000
Ex.7.
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N4. Account
3. 4. During the year, Harley Corporation had the following transactions: 1. 2. Issued common stock for cash at a price greater than its par value. Completed a 1-for-2 stock split in which the $10 par value common stock was changed to $20 par value stock. Declared a 10% stock dividend when the market value of the stock was higher than the par value. Issued a non-interest-bearing note with a face value greater than the cash proceeds. 5. Declared a cash dividend, a portion of which was a liquidating dividend. 6. Distributed the stock dividend declared in #3 above. 7. The date of record occurred for the cash dividend declared in #5 above. 8. Paid the cash dividend declared in #5 above. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. Purchased treasury stock with cash (cost method) at a price greater than par value. Sold treasury stock (cost method) and received more cash than the original cost of the treasury stock. Issued bonds at a price of 96, plus accrued interest (interest expense account…
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Select whether stockholders' equity would increase, decrease, or have no effect as a result of each separate transaction listed below. List 1. A large stock dividend is issued 2. No par common stock is issued. 3. Cash dividends are paid to shareholders. 4.A 5-for-1 stock split occurs Equity
Requirement 1. Record the transactions in Halborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.)\\nJan. 16: Declared a cash dividend on the 5%, $99 par noncumulative preferred stock (1,100 shares outstanding). Declared a $0.40 per share dividend on the 80,000 shares of $8 par value common stock outstanding. The date of record is January 31, and the payment date is February 15.
Declared interim dividends for preferred shareholders as well as $.80 per share to common stockholders. Using the info above and as a guide: Prepare the journal entries with narrations to record the following: The issuances of stock. Close out net income to retained earnings. Dividend declared. Close out dividend to retained earnings.
J1.
Subject: accounting
ESPAÑOL INGLÉS FRANCÉS Undeclared dividends (in arrears) to cumulative preferred stockholders must be filed to. in the notes to the financial statements. b. as an increase in current debts. С. as an increase in long-term debt. Enviar co Guardado Contribuir

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Declared a cash dividend. Issued par value common stock for cash at par value Completed a 2-for-1 stock split in which $10 par val