Prepare journal entries for each of the following transactions. June 25 Declared a 7% stock dividend to common shareholders. The market value of the common stock is $14 per share. The par value is $13. There are 60,000 shares of common stock outstanding. July 1 Issued stock dividend in settlement of dividend declared on June 25.

Q: Weaver Corporation had the following stock issued and outstanding at January 1, Year 1: 1. 52,000…

A: The journal entries are prepared to record the transactions on regular basis. The dividend is…

Q: on October 10, the board of directors of pinto corporation declared a 10% stock dividend. On October…

A: Journal Entry :— It is an act of recording transactions in books of account when transaction…

Q: On January 1, Ayayai Corp. had 63,200 shares of no-par common stock issued and outstanding. The…

A: The dividend payable on shares represents the total amount of dividends that a company has…

Q: Stockton Corporation has 160,000 shares of $5 par value common stock outstanding. It declared a 15%…

A: Definition:

Q: please give ruight answer explain for 27 nov 1. Record the transactions in the general journal.…

A: On 27-Nov, a cash dividend of $0.20 per share was declared. This means that the company has decided…

Q: Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing. Currently NGS has…

A: When new shares are issued and a company takes in revenue from the issue of that stock, that revenue…

Q: On January 1. 2021, Hum Enterprises Inc. had 74,000 common shares, recorded at $592,000. The company…

A: A dividend is the distribution of some of the corporate profits to a class of its shareholders.…

Q: Provide the following journal entry: Jan 1. ABC Corp declared a 50 cent dividend to stockholders.…

A: Dividend is declared on face value of shares. Dividend can be recognise as liability when declared.…

Q: Prepare entries to record the following selected transactions completed during the current fiscal…

A: A journal entry is used to record the day-to-day transactions of an organization by debiting and…

Q: Epic Incorporated has 10,000 shares of $2 par value common stock outstanding. Epic declares a 5%…

A: Dividend  Dividend refers to a reward, cash or otherwise, that a company give to its shareholders.…

Q: Prepare appropriate general journal entries for each of the following transactions for Mainstream…

A: Journal entry

Q: sold 300 shares of the treasury stock for $53 per share. ed the balance of the Treasury Stock…

A: Treasury stock balance after repurchase Treasury stock balance after repurchase = No. of remaining…

Q: Journalize the following transaction if the common stock has a par value of $5. January 15 Issued…

A: JOURNAL ENTRIESJournal Entry is the First stage of Accounting Process. Journal Entry is the Process…

Q: Bradford Company reported stockholders' equity on December 31 of the prior year as follows: Common…

A: Step 1 Journal is the part of book keeping.

Q: A company originally issued 18,000 shares of $8 par value common stock at $12 per share. The board…

A: DECLARATION OF DIVIDENDSDividend is the amount paid by the Corporation its shareholders in return…

Q: On May 10, Bramble Corp. issues 1,200 shares of $7 par value common stock for cash at $12 per share.…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: On June 13, the board of directors of Siewert Incorporated declared a 5% stock dividend on its 60…

A: Note: When stock dividend is issued then retained earnings is decreased by the market value of the…

Q: On October 10, the board of directors of Larkspur Corporation declared a 10% stock dividend. On…

A: The dividend is declared to the shareholders from the retained earnings of the business. The stock…

Q: Oriole Corporation has 74,000 shares of common stock outstanding. It declares a $2 per share cash…

A: Introduction: Dividend is the distribution of profits earned by the company, to its stockholders as…

Q: On april 12, hobson corporation declared a quarterlu dividend of 0.05 per share on its 200,000…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: On June 13, the board of directors of Siewert Inc. declared a 5% stock dividend on its 60 million,…

A: Journal Entry :— It is an act of recording transaction in books of account when transaction…

Q: Belkin Incorporated has 100,000 shares of $3 par value common stock outstanding. Belkin declares a…

A: Journal entries to record the declaration of the stock dividend are as follows:Resultant values:

Q: On June 13, the board of directors of Siewert Incorporated declared a 5% stock dividend on its 40…

A: The objective of this question is to prepare a journal entry that summarizes the declaration and…

Q: Stock DividendsMammoth Corporation has 100,000 shares of $10 par value common stock outstanding. At…

A: Journal entries are passed below.Explanation:

Q: Weaver Corporation had the following stock issued and outstanding at January 1, Year 2: 1. 109,000…

A: Dividend is the amount of return paid to the shareholders of the entity. It is paid to both the…

Q: Sunshine Corp. was organized on Jan. 1 with authorization of 20,000 shares of $5 preferred stock,…

A: Preferred stock dividend = 8000 shares × $5 = $40,000

Q: Weaver Corporation had the following stock issued and outstanding at January 1, Year 2: 1.147,000…

A: Lets understand the basics. Common stockholder is a owner of the company and paid dividend when…

Q: Prepare the entries to record these transactions.(

A: Date  Account titles  Debit  Credit                 April 1 Cash Account (21000 X…

Q: Windsor, Inc. has 46,000 shares of $10 par value common stock outstanding. It declares a 13% stock…

A: Number of shares issued as stock dividend = 46,000 shares x 13% = 5,980 shares