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Oliver CommuRNcations, Inc., began 2018 with 260,000 shares of $1 par common stock issUd and outstarang BagiinR in excoss of par common was St60,000, and retained eamings was $810,000. In April 2018, Oliver Communications, Inc., insued 20 shares of stock at $8 per share. In September, when the stock's market price was $15 per share, the board of directors distributed a 1. percent stock dividend Read the requirements

Oliver CommuRNcations, Inc., began 2018 with 260,000 shares of $1 par common stock issUd and outstarang BagiinR in excoss of par common was St60,000, and retained eamings was $810,000. In April 2018, Oliver Communications, Inc., insued 20 shares of stock at $8 per share. In September, when the stock's market price was $15 per share, the board of directors distributed a 1. percent stock dividend Read the requirements

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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Requirement 2. Prepare the company's statement of stockholders' equity for the year ended December 31, 2018. (Enter the labels in chronological order. Use parentheses or a minus sign when subtracting numbers. For accounts with a S0 balance, leave the cell blank Do not enter a "0".) Oliver Communications, Inc. Statement of Stockholders' Equity Year Ended December 31, 2018 Additional Common paid-in Retained Total stock capital earnings
Transcribed Image Text:Requirement 2. Prepare the company's statement of stockholders' equity for the year ended December 31, 2018. (Enter the labels in chronological order. Use parentheses or a minus sign when subtracting numbers. For accounts with a S0 balance, leave the cell blank Do not enter a "0".) Oliver Communications, Inc. Statement of Stockholders' Equity Year Ended December 31, 2018 Additional Common paid-in Retained Total stock capital earnings
Oliver Communvcations, Inc, began 2018 with 2G0,000 shares of $1 par common stock issued and outstanding Beginning Paidin capital in excess of par common was $550,000, and retained eamings was $810,000. In April 2018, Oliver Communications, Inc, issued 20,000 shares of stock at $8 per share. In September, when the stock's market price was $15 per share, the board of directors distributed a 10 percent stock dividend Read the requirements Requirement 1 Make the journal entries for the issuance of stock for cash and for the declaration and distribution of the 10 percent stock dividend (Record debits first, then credits. Exclude explanations from any journal entries.) Record the issuance of common stock for cash. Journal Entry Date Accounts Debit Credit Apr Record the deciaration and distribution of the stock dividend. Journal Entry Date Accounts Debit Credit Sep Requirement 2. Prepare the company's statement of stockholders' equity for the year ended December 31, 2018. (Enter the labels in chronological order. Use parentheses or a minus sign when subtracting numbers For accounts with a $0 balance, leave the cell blank. Do
Transcribed Image Text:Oliver Communvcations, Inc, began 2018 with 2G0,000 shares of $1 par common stock issued and outstanding Beginning Paidin capital in excess of par common was $550,000, and retained eamings was $810,000. In April 2018, Oliver Communications, Inc, issued 20,000 shares of stock at $8 per share. In September, when the stock's market price was $15 per share, the board of directors distributed a 10 percent stock dividend Read the requirements Requirement 1 Make the journal entries for the issuance of stock for cash and for the declaration and distribution of the 10 percent stock dividend (Record debits first, then credits. Exclude explanations from any journal entries.) Record the issuance of common stock for cash. Journal Entry Date Accounts Debit Credit Apr Record the deciaration and distribution of the stock dividend. Journal Entry Date Accounts Debit Credit Sep Requirement 2. Prepare the company's statement of stockholders' equity for the year ended December 31, 2018. (Enter the labels in chronological order. Use parentheses or a minus sign when subtracting numbers For accounts with a $0 balance, leave the cell blank. Do
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