reported on the statement of cash flows
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
On the basis of the following
ACCOUNT Common Stock, $5 par | ACCOUNT NO. | |||||||||||
Balance | ||||||||||||
Date | Item | Debit | Credit | Debit | Credit | |||||||
Jan. | 1 | Balance, 35,000 shares | 175,000 | |||||||||
Apr. | 2 | 8,750 shares issued for cash | 43,750 | 218,750 | ||||||||
June | 30 | 1,000-share stock dividend | 5,000 | 223,750 |
ACCOUNT Paid-In Capital in Excess of Par-Common Stock | ACCOUNT NO. | |||||||||||
Balance | ||||||||||||
Date | Item | Debit | Credit | Debit | Credit | |||||||
Jan. | 1 | Balance | 140,000 | |||||||||
Apr. | 2 | 8,750 shares issued for cash | 122,500 | 262,500 | ||||||||
June | 30 | Stock dividend | 3,800 | 266,300 |
ACCOUNT |
ACCOUNT NO. | |||||||||||
Balance | ||||||||||||
Date | Item | Debit | Credit | Debit | Credit | |||||||
Jan. | 1 | Balance | 145,000 | |||||||||
June | 30 | Stock dividend | 8,800 | 136,200 | ||||||||
Dec. | 30 | Cash dividend | 16,700 | 119,500 | ||||||||
Dec. | 31 | Net income | 104,400 | 223,900 |
If an amount is not reported on the statement of cash flows, enter in "0" in the Amount column.
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