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Problem 12-4A Jan. 10 Land 100,000 Donated Capital 100,000 Recorded land donated

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Question;Problem 12-4A Jan. 10 Land 100,000 Donated Capital 100,000Recorded land donated 30 Cash Dividends Payable 76,000 Cash 76,000Feb. 19 Cash 350,000 Common Stock 350,0001-Apr Cash 140,000 Treasury Stock 120,000Paid in capital @ excess of par 20,0001-Jul Stock Dividends 197,400 Stock dividends distributable 103,400Paid in capital in excess of Par common stock 94,000Aug. 11 Stock dividends distributable 103,400 Common Stock 103,400Oct. 20 Treasury stock 285,000 Cash 285,000Paid @ 38 Dec. 27 Cash Dividends 77,850 Cash Dividends Payable 77,85031 Income summary 369,400 Retained earnings 369,40031 Retained earnings 179,400 Cash dividend 76,000Stock dividend 103,400To report closing dividend accounts to retained earnings January 1 T-accounts Debit CreditIncome Summary

 

Paper#38381 | Written in 18-Jul-2015

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