
Stock Dividend:
The Stock dividend is the number of shares given as dividend to the shareholders. The Stock dividend is declared first and shares are issued later. There are two
Cash dividend:
The Cash dividend is the amount of dividend paid to shareholders in cash. The Cash dividend is declared first and paid later. There are two journal entries made, one at the time of declaration of dividend and another at the time of payment.
The Retained earnings statement is prepared to calculate the ending balance of retained earnings that is added to the stockholder’s equity statement. Retained earnings statement adjusts net income and income distributed as the dividend to calculate the ending balance.
Stockholder’s Equity:
1. Journal entries:
To indicate:
The journal entries for the transactions given
2. Retained earnings statement:
To indicate:
Retained earnings statement for the year ended December 31, 2018
3. Stockholder’s Equity section of the balance sheet:
To indicate:
Stockholder’s Equity section of the balance sheet for the year ended December 31, 2018

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Chapter 13 Solutions
Horngren's Accounting: The Managerial Chapters, Student Value Edition (12th Edition)
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