urrent Attempt in Progress On January 1, Blossom Enterprises had 90,000 no-par ordinary shares issued and outstanding. The shares have a stated value of €5 per share. During the year, the following occurred. Apr. 1 June 15 July 10 Dec. 1 15 Issued 20,000 additional ordinary shares for €15 per share. Declared a cash dividend of €1 per share to shareholders of record on June 30. Paid the €1 cash dividend. Issued 2,000 additional ordinary shares for €18 per share. Declared a cash dividend on outstanding shares of €1.20 per share to shareholders of record on December 31. Prepare the entries to record these transactions. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually)
urrent Attempt in Progress On January 1, Blossom Enterprises had 90,000 no-par ordinary shares issued and outstanding. The shares have a stated value of €5 per share. During the year, the following occurred. Apr. 1 June 15 July 10 Dec. 1 15 Issued 20,000 additional ordinary shares for €15 per share. Declared a cash dividend of €1 per share to shareholders of record on June 30. Paid the €1 cash dividend. Issued 2,000 additional ordinary shares for €18 per share. Declared a cash dividend on outstanding shares of €1.20 per share to shareholders of record on December 31. Prepare the entries to record these transactions. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A5
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Current Attempt in Progress
On January 1, Blossom Enterprises had 90,000 no-par ordinary shares issued and outstanding. The shares have a stated value of
€5 per share. During the year, the following occurred.
Apr. 1
June 15
July 10
Dec. 1
15
Issued 20,000 additional ordinary shares for €15 per share.
Declared a cash dividend of €1 per share to shareholders of record on June 30.
Paid the €1 cash dividend.
Issued 2,000 additional ordinary shares for €18 per share.
Declared a cash dividend on outstanding shares of €1.20 per share to shareholders of record on December 31.
Prepare the entries to record these transactions. (If no entry is required, select "No entry" for the account titles and enter O for the amounts.
Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not
indent manually.)
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