Stock Dividends: It refers to the payment of dividends by a company to its existing shareholders, in the form of additional shares rather than cash. Stock dividends are paid, when there is an inadequate cash available in the company. Small stock dividend: If the stock dividend is declared less than 20% to 25% of the issued and outstanding stock by the corporation, it is called as a small stock dividend. To journalize: the declaration of stock dividend on August 15.

Question

Vista Market Store's daily register records an opening float of $250. During the day, the store made $3,120 in cash sales and $4,500 in credit card sales, while processing $180 in returns. Based on these transactions, calculate the expected cash amount in the register at the end of the day. Help

Answer 1

Question

Chapter 13, Problem 13.9SE

1.

To determine

Stock Dividends: It refers to the payment of dividends by a company to its existing shareholders, in the form of additional shares rather than cash. Stock dividends are paid, when there is an inadequate cash available in the company.

Small stock dividend: If the stock dividend is declared less than 20% to 25% of the issued and outstanding stock by the corporation, it is called as a small stock dividend.

To journalize: the declaration of stock dividend on August 15.

2.

To determine

To explain: the overall effect of the stock dividend on Company C’s total assets.

3.

To determine

To explain: the overall effect of the stock dividend on Company C’s total stockholders’ equity.

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Vista Market Store's daily register records an opening float of $250. During the day, the store made $3,120 in cash sales and $4,500 in credit card sales, while processing $180 in returns. Based on these transactions, calculate the expected cash amount in the register at the end of the day. Help

Please provide the solution to this general accounting question using proper accounting principles.

Shakespeare Motors has 12 employees and each employee is paid on average $165 per day and works 6 days a week. The company's year-end is December 31. The employees were last paid onDecember 22 for the two weeks that ended on December 15. What is the wages and salary payable to record for December 31?

Answer 2

Question

Chapter 13, Problem 13.9SE

1.

To determine

Stock Dividends: It refers to the payment of dividends by a company to its existing shareholders, in the form of additional shares rather than cash. Stock dividends are paid, when there is an inadequate cash available in the company.

Small stock dividend: If the stock dividend is declared less than 20% to 25% of the issued and outstanding stock by the corporation, it is called as a small stock dividend.

To journalize: the declaration of stock dividend on August 15.

2.

To determine

To explain: the overall effect of the stock dividend on Company C’s total assets.

3.

To determine

To explain: the overall effect of the stock dividend on Company C’s total stockholders’ equity.

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Answer 3

Question

Chapter 13, Problem 13.9SE

1.

To determine

Stock Dividends: It refers to the payment of dividends by a company to its existing shareholders, in the form of additional shares rather than cash. Stock dividends are paid, when there is an inadequate cash available in the company.

Small stock dividend: If the stock dividend is declared less than 20% to 25% of the issued and outstanding stock by the corporation, it is called as a small stock dividend.

To journalize: the declaration of stock dividend on August 15.

2.

To determine

To explain: the overall effect of the stock dividend on Company C’s total assets.

3.

To determine

To explain: the overall effect of the stock dividend on Company C’s total stockholders’ equity.

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Answer 4

Question

Chapter 13, Problem 13.9SE

1.

To determine

Stock Dividends: It refers to the payment of dividends by a company to its existing shareholders, in the form of additional shares rather than cash. Stock dividends are paid, when there is an inadequate cash available in the company.

Small stock dividend: If the stock dividend is declared less than 20% to 25% of the issued and outstanding stock by the corporation, it is called as a small stock dividend.

To journalize: the declaration of stock dividend on August 15.

2.

To determine

To explain: the overall effect of the stock dividend on Company C’s total assets.

3.

To determine

To explain: the overall effect of the stock dividend on Company C’s total stockholders’ equity.

Expert Solution & Answer

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Answer 5

Chapter 13, Problem 13.9SE

1.

To determine

Stock Dividends: It refers to the payment of dividends by a company to its existing shareholders, in the form of additional shares rather than cash. Stock dividends are paid, when there is an inadequate cash available in the company.

Small stock dividend: If the stock dividend is declared less than 20% to 25% of the issued and outstanding stock by the corporation, it is called as a small stock dividend.

To journalize: the declaration of stock dividend on August 15.

2.

To determine

To explain: the overall effect of the stock dividend on Company C’s total assets.

3.

To determine

To explain: the overall effect of the stock dividend on Company C’s total stockholders’ equity.

Answer 6

Chapter 13, Problem 13.9SE

1.

To determine

Stock Dividends: It refers to the payment of dividends by a company to its existing shareholders, in the form of additional shares rather than cash. Stock dividends are paid, when there is an inadequate cash available in the company.

Small stock dividend: If the stock dividend is declared less than 20% to 25% of the issued and outstanding stock by the corporation, it is called as a small stock dividend.

To journalize: the declaration of stock dividend on August 15.

Answer 7

Chapter 13, Problem 13.9SE

1.

To determine

Stock Dividends: It refers to the payment of dividends by a company to its existing shareholders, in the form of additional shares rather than cash. Stock dividends are paid, when there is an inadequate cash available in the company.

Small stock dividend: If the stock dividend is declared less than 20% to 25% of the issued and outstanding stock by the corporation, it is called as a small stock dividend.

To journalize: the declaration of stock dividend on August 15.

Answer 8

2.

To determine

To explain: the overall effect of the stock dividend on Company C’s total assets.

Answer 9

2.

To determine

To explain: the overall effect of the stock dividend on Company C’s total assets.

Answer 10

3.

To determine

To explain: the overall effect of the stock dividend on Company C’s total stockholders’ equity.

Answer 11

3.

To determine

To explain: the overall effect of the stock dividend on Company C’s total stockholders’ equity.

Answer 12

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Answer 23

Ch. 13 - Prob. 1QC Ch. 13 - Prob. 2QC Ch. 13 - Suppose Value Home and Garden Imports issued...Ch. 13 - Prob. 4QC Ch. 13 - Prob. 5QC Ch. 13 - Assume that a company paid 6 per share to purchase...Ch. 13 - Prob. 7QC Ch. 13 - A small stock dividend a. decreases common stock....Ch. 13 - Prob. 9QC Ch. 13 - Jackson Health Foods has 8,000 shares of 2 par...

To explain: the overall effect of the stock dividend on Company C’s total assets.

To explain: the overall effect of the stock dividend on Company C’s total stockholders’ equity.

Chapter 13 Solutions