Homework Answers
Journal entry
| Date | General journal | Debit | Credit |
| Apr 1 | Cash | 560500 | |
| Common Stock | 177000 | ||
| Paid in capital in excess of stated value-Common Stock | 383500 | ||
| June 15 | Cash dividend | 381000 | |
| Dividend payable (97500+29500)*3 | 381000 | ||
| July 10 | Dividend payable | 381000 | |
| Cash | 381000 | ||
| Dec 1 | Cash (1000*18) | 18000 | |
| Common Stock | 6000 | ||
| Paid in capital in excess of stated value-Common Stock | 12000 | ||
| Dec 15 | Cash dividend (128000*4.9) | 627200 | |
| Dividend payable | 627200 | ||
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nt Exercise 14-1 (Essay) On January 1, Guilen Corporation had 95,000 shares of no-par common stock...
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On
January1 Teeter Corporation had 75000 shares of no par common stock
issued and outstanding. The stock has a stated value $6 per share.
During the year, the following transaction occured.
Apr 1 Issued 8000 additional shares of common stock for $10
per share.
June 15 Declared a cash dividend of $2 per share to
stockholders of record on June 30.
July 10 Paid the $2. cash dividend.
Dec 1 Issued 3000 additional shares of commin stock for $12
per...
gn Layout References Mailings Review View Help Paid-in Capital 8% Preferred Stock, $100 par value, cumulative,...
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On
January1 Teeter Corporation had 75000 shares of no par common stock
issued and outstanding. The stock has a stated value $6 per share.
During the year, the following transaction occured.
Apr 1 Issued 8000 additional shares of common stock for $10
per share.
June 15 Declared a cash dividend of $2 per share to
stockholders of record on June 30.
July 10 Paid the $2. cash dividend.
Dec 1 Issued 3000 additional shares of commin stock for $12
per...
gn Layout References Mailings Review View Help Paid-in Capital 8% Preferred Stock, $100 par value, cumulative, 50.0XX) shares anthorized, 30,000 shares issued and outstanding In excess of par on preferred stock Total Paid in Capital from Preferred Stock 3,000,000 3M) CM) $ $ 3,300.00 Common Stock, no par, $25 stated value, 1.000.) shares authorized, 400,000 shares issued and outstanding $ 10,000,000 In excess of stated value on common stock $ 600,000 Total Paid in Capital from Common Stock $ 10600...
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