(раг Unrealized loss on investments in available-for-sale securities 15,000 8,000 10,000 The corporation should make the following entry on the declaration date Retained earnings, deficit Contributed capital in excess of par (a) Retained earnings P8,000 Dividends payable, liquidating (b) Contributed capital in excess of par Dividends payable, liquidating P8,000 P8,000 Р8,000 (c) Common stock Р8,000 Dividends payable, liquidating Р8,000 (d) Common stock Contributed capital in excess of par P4,000 4,000 Dividends payable, liquidating P8,000

(раг Unrealized loss on investments in available-for-sale securities 15,000 8,000 10,000 The corporation should make the following entry on the declaration date Retained earnings, deficit Contributed capital in excess of par (a) Retained earnings P8,000 Dividends payable, liquidating (b) Contributed capital in excess of par Dividends payable, liquidating P8,000 P8,000 Р8,000 (c) Common stock Р8,000 Dividends payable, liquidating Р8,000 (d) Common stock Contributed capital in excess of par P4,000 4,000 Dividends payable, liquidating P8,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Prepare journal entries to record the following transactions for Emerson Corporation. July 15 Declared a cash dividend payable to common stockholders of $160,000. August 15 Date of record is August 15 for the cash dividend declared on July 15. August 31 Paid the dividend declared on July 15.
Prepare the journal entry to record Rony Company's issuance of 35,000 shares of its common stock assuming the share have a : a. $4par value and sell for $16 cash per share b. S4 stated value and sell for $16 per share.
On May 1, Year 1, Love Corporation declared a $47,700 cash dividend to be paid on May 31 to shareholders of record on May 15. Required a. Record the events occurring on May 1, May 15, and May 31 in a horizontal statements model. b. Prepare journal entries for all events associated with the dividend. Complete this question by entering your answers in the tabs below. Required A Required B Record the events occurring on May 1, May 15, and May 31 in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an op (OA), investing activity (1A), or financing activity (FA). Leave blank to indicate that an element was not affected by the event. Enter amounts to be deducted and cash out minus sign.) Date May 01 May 15 May 31 Assets Balance Sheet Liabilities + * LOVE CORPORATION Horizontal Statements Model Common Stock Retained Earnings Revenue Required A Statement Expenses Net Income Required B > Statement of Cash Flows
Prepare the journal entry to record Zende Company's issuance of 75,000 shares of $5 par value common stock assuming the shares sell for: a. $5 cash per share. b. $6 cash per share. View transaction list Journal entry worksheet 1 > Record the issuance of 75,000 shares of $5 par value common stock assuming the shares sell for $5 cash per share. Note: Enter debits before credits. 3/ F6 F7 F8 F9 F10
Prepare journal entries for both of the following transactions: On Jan 1, ABC Company issued 300 $10 stocks with a $5 par value. On Dec 31st, ABC Company, declared a 3% cash dividend on each share.
Sturdy Stone Tools, Inc., announced a 100 percent stock dividend. Determine the impact (increase,decrease, no change) of this dividend on the following:1. Total assets.2. Total liabilities.3. Common stock.4. Total stockholders’ equity.5. Market value per share of common stock.
d. mutual agency for stockholders 20. Stockholders' equity a. is usually equal to cash on hand b. is shown on the income statement c. includes paid-in capital and liabilities d. includes retained earnings and paid-in capita blec bise
Hh3.
Looking for the Less: Cash dividends declared to find the Retained earnings.. Attached the journal entries as well.
The Board of Directors of ABC Corporation declared a dividend on March 6, 2XX1, to shareholders of record on April 7, 2XX1, P18 per share, payable on May 1, 2XX1. 100,000 ordinary shares were outstanding from March 6 to April 28 and 110,000 ordinary shares outstanding from April 29 to May 1. Compute for the total cash dividends distributed to shareholders.
On July 3, the Southside Company declared a cash dividend of $0.75 per share. There are 45,000 shares outstanding. What is the journal entry that should be recorded?
5 )