On January 1, Ayayai Corp. had 61,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 June 15 July 10 Dec. 1 Dec. 15 June 15 Prepare a tabular summary to record the three dates that involved dividends. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to 0 decimal places, e.g. 5,276.) Liabilities July 10 Dec. 15 Issued 9,450 additional shares of common stock for $11 per share. Declared a cash dividend of $1.50 per share to stockholders of record on June 30. Paid the $1.50 cash dividend. Issued 4,200 additional shares of common stock for $11 per share. $ Declared a cash dividend on outstanding shares of $1.60 per share to stockholders of record on December 31. Assets Cash M $ Dividend Payable Paid-in-Capital Revenue
On January 1, Ayayai Corp. had 61,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 June 15 July 10 Dec. 1 Dec. 15 June 15 Prepare a tabular summary to record the three dates that involved dividends. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to 0 decimal places, e.g. 5,276.) Liabilities July 10 Dec. 15 Issued 9,450 additional shares of common stock for $11 per share. Declared a cash dividend of $1.50 per share to stockholders of record on June 30. Paid the $1.50 cash dividend. Issued 4,200 additional shares of common stock for $11 per share. $ Declared a cash dividend on outstanding shares of $1.60 per share to stockholders of record on December 31. Assets Cash M $ Dividend Payable Paid-in-Capital Revenue
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:On January 1, Ayayai Corp. had 61,000 shares of no-par common stock issued and outstanding. The stock has a
stated value of $4 per share. During the year, the following transactions occurred.
Apr. 1 Issued 9,450 additional shares of common stock for $11 per share.
June 15
July 10
Dec. 1
Dec. 15
(a)
Prepare a tabular summary to record the three dates that involved dividends. Include margin explanations for the
changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders'
Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset,
Liability or Equity item that was reduced. Round answers to 0 decimal places, e.g. 5,276.)
June 15
July 10
Dec. 15
Declared a cash dividend of $1.50 per share to stockholders of record on June 30.
Paid the $1.50 cash dividend.
Issued 4,200 additional shares of common stock for $11 per share.
Declared a cash dividend on outstanding shares of $1.60 per share to stockholders of record on
December 31.
$
Assets
Cash
Liabilities
Dividend Payable
Paid-in-Capital
$
Revenue
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