Journal Entry Needed? Event/Transaction Yes No A newly incorporated company authorizes (a) 250,000 shares. 30,000 shares that were authorized in (a) (b) are issued but at their par value. A company repurchases 5,000 of their (c) outstanding shares. The ex-dividend date for a cash dividend (d) arrives. (e) A company declares a stock dividend. (f) |A company pays a cash dividend. A company completes a 3-for-1 stock split. (g) A company sees that their stock is selling (h) for $10 per share more than their recorded par value. A company has cumulative preferred stockholders, but decides not to pay a (i) dividend in the current year. This creates dividends in arrears. The company distributes the stock dividend (G) declared in (e.) A company issues a contract to a new recording artist to produce a number of (k) albums over the next five years at $1 illiee
Journal Entry Needed? Event/Transaction Yes No A newly incorporated company authorizes (a) 250,000 shares. 30,000 shares that were authorized in (a) (b) are issued but at their par value. A company repurchases 5,000 of their (c) outstanding shares. The ex-dividend date for a cash dividend (d) arrives. (e) A company declares a stock dividend. (f) |A company pays a cash dividend. A company completes a 3-for-1 stock split. (g) A company sees that their stock is selling (h) for $10 per share more than their recorded par value. A company has cumulative preferred stockholders, but decides not to pay a (i) dividend in the current year. This creates dividends in arrears. The company distributes the stock dividend (G) declared in (e.) A company issues a contract to a new recording artist to produce a number of (k) albums over the next five years at $1 illiee
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Answer yes or no for d, e and f and the other ones if possible

Transcribed Image Text:Journal Entry Needed?
Event/Transaction
Yes
No
A newly incorporated company authorizes
(a)
250,000 shares.
30,000 shares that were authorized in (a)
(b)
are issued but at their par value.
A company repurchases 5,000 of their
(c)
outstanding shares.
The ex-dividend date for a cash dividend
(d)
arrives.
(e) A company declares a stock dividend.
(f) A company pays a cash dividend.
(g)
A company completes a 3-for-1 stock split.
A company sees that their stock is selling
(h) for $10 per share more than their recorded
par value.
A company has cumulative preferred
stockholders, but decides not to pay a
(i)
dividend in the current year. This creates
dividends in arrears.
The company distributes the stock dividend
(i)
declared in (e.)
A company issues a contract to a new
recording artist to produce a number of
(k)
albums over the next five years at $1
million per album.
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