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7/21/2019 Questions http://slidepdf.com/reader/full/questions-56da39658084e 1/4 NAME: BUSN 5600 WEEK 6 SOLUTIONS E8.20. a. Dividend shares b. Cash Dividend per share after the Stock Dividend c. Total dividend on Total dividend per share without the stock Dividend d. P8.24. a. 1. January 1, 2013 to record stock issuances: Assets Liabilities Stockholders’ Equit !et inco"e #evenues E$penses 2. December 17, 2015 to record the declaration of dividends: Balance Sheet Incoe Stateent . A!!et! L"a#"l"t"e! Stoc$hol%e&!' E()"t* Net "ncoe +e,en)e! E-en!e! %. February , 201! to record the "ayment of dividends: Balance Sheet Incoe Stateent A!!et! L"a#"l"t"e! Stoc$hol%e&!' E()"t* Net "ncoe +e,en)e! E-en!e! 1. January 1, 2013: Debits Credits Dr. Cash Cr. Co""on Stock Cr. &referred Stock Cr. Additional &aid'(n Capital''&referred To record stock issuances. ). December 17, 2015: Debits Credits Dr. #etained Earnin*s Cr. Dividends &aable To record the declaration of dividends. %. February , 201!: Debits Credits Dr. Dividends &aable Cr. Cash To record the pa"ent of dividends. b. )+1, &referred dividends &aable to &referred shareholders P8.26. a. -alance Sheet (nco"e State"ent Assets Liabilities Stockholders’ Equit !et inco"e #evenues E$penses Debit Credit Dr. Treasur Stock Cr. Cash
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7/21/2019 Questions
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NAME:
BUSN 5600
WEEK 6 SOLUTIONS
E8.20.
a. Dividend shares
b. Cash Dividend per share after the Stock Dividend
c. Total dividend on
Total dividend per share without the stock Dividend
d.
P8.24.a. 1. January 1, 2013 to record stock issuances:
Assets Liabilities Stockholders’ Equit !et inco"e #evenues E$penses
2. December 17, 2015 to record the declaration of dividends:
Balance Sheet Incoe Stateent .
A!!et! L"a#"l"t"e! Stoc$hol%e&!' E()"t* Net "ncoe +e,en)e! E-en!e!
%. February , 201! to record the "ayment of dividends:
Balance Sheet Incoe Stateent
A!!et! L"a#"l"t"e! Stoc$hol%e&!' E()"t* Net "ncoe +e,en)e! E-en!e!
1. January 1, 2013: Debits Credits
Dr. Cash
Cr. Co""on Stock
Cr. &referred Stock
Cr. Additional &aid'(n Capital''&referred
To record stock issuances.
). December 17, 2015: Debits Credits
Dr. #etained Earnin*s
Cr. Dividends &aable
To record the declaration of dividends.
%. February , 201!: Debits Credits
Dr. Dividends &aable
Cr. Cash
To record the pa"ent of dividends. b. )+1, &referred dividends &aable to &referred shareholders
P8.26.a. -alance Sheet (nco"e State"ent
Assets Liabilities Stockholders’ Equit !et inco"e #evenues E$penses
Debit Credit
Dr. Treasur Stock
Cr. Cash
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To record the purchase of ,)++ shares of treasur stock / 02 per share.
b. Shares outstandin* at be*innin* of ear
Shares purchased for treasur in first quarter
Shares outstandin* durin* second quarter
Cash dividend per share
Dividend paid at end of second quarter
c. -alance Sheet (nco"e State"ent
Assets Liabilities Stockholders’ Equit !et inco"e #evenues E$penses
Debit Credit
Dr. Cash
Cr. Treasur Stock
Cr. Additional &aid'(n Capital
To record the sale of 13++ shares of treasur stock / 04 per share.
d. Shares outstandin* durin* second quarter
Treasur shares sold durin* third quarter
Shares outstandin* durin* fourth quarter Cash dividend per share
Dividend paid at end of fourth quarter
e. Stock dividend 5
P8.28.Cash Other
Assets
Liabilities Paid-in CapitalRetained
Earnings
Treasury Stock
*
Net
nco!e
a.
b.
c.d.
e.
f.Debit Credit
a. Dr. Cash
Cr. &referred Stock
Cr. Additional &aid'(n Capital
b. Dr. #etained Earnin*s
Cr. Dividends &aable
c. Dr. -uildin*
Cr. &referred StockCr. Additional &aid'(n Capital
d. Dr. Treasur Stock
Cr. Cash
e. Dr. Cash
Cr. Treasur Stock
Cr. Additional &aid'(n Capital
f. Dr. #etained Earnin*s
Cr. Co""on Stock
Cr. Additional &aid'(n Capital
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P8./0Cash Other Assets Liabilities Paid-in
Capital
Retained
Earnings
Treasury
Stock *
Net
nco!e
a.
b.
c.
d.e.
f.
*.
Debit Credit
a. Dr. Cash
Cr. &referred Stock
b. Dr. Land
Cr. &referred Stock
Cr. Additional &aid'(n Capital
c. Dr. Cash
Cr. Co""on Stock
Cr. Additional &aid'(n Capital
d. Dr. Treasur Stock
Cr. Cash
e. Dr. Cash
Cr. Treasur Stock
Cr. Additional &aid'(n Capital
f. Dr. #etained Earnin*s
Cr. Dividends &aable
*. Dr. #etained Earnin*s
Cr. Co""on Stock
Cr. Additional &aid'(n Capital
8./4.
a. &ar value per share of preferred stock 5
&referred stock dividend percenta*e 5
b. -alance sheet a"ount for co""on stock 5
c. Avera*e per share issued of co""on stock 5
d. Treasur shares 5
e. -alance sheet a"ount for treasur shares 5
f. &referred stock
Co""on stock
Additional paid'in capital
#etained earnin*s
Treasur stock
Total stockholders’ equit
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*. #etained earnin*s 6ul 1 )+1)
Add7 !et inco"e
Less7 &referred stock dividends
#etained earnin*s 6une %+ )+1%
