ngageNOWv2 | Online teachin x* CengageNOWv2| Online teachir xcom/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&in...еВookShow Me HowCommon stock transactions on the statement of cash flowsJones Industries received $600,000 from issuing shares of its common stock and $400,000 from issuing bonds. During the year, Jones Industries also paiddividends of $60,000. How are the effects of these transactions reported on the statement of cash flows? Use the minus sign to indicate cash outflows,cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect on the statement of cash flows, select "No effect"from the drop down menu and leave the amount box blank.TransactionsActionAmountCash received from issuing common stockCash received from issuing bondsCash paid for dividendsPreviousNextCheck My Work1:05 PM72°F Sunnyヘ D回 )12/3/2021inort scdeletehome-PAA404+144backspaceSeck8.6.

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Description: ngageNOWv2 | Online teachin x* CengageNOWv2| Online teachir xcom/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&in...еВookShow Me HowCommon stock transactions on the statement of cash flowsJones Industries received

Cash flow: Cash flow is the flow of cash of the organisation There are two types of cash flows:…

Answered: Common stock transactions on the…

Business

Accounting

Common stock transactions on the statement of cash flows

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter18: Acquiring Capital For Growth And Development

Section18.3: Capital Stock

Problem 1OYO

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PLEASE FALLOW THE PICTURE FOR A BETTER UNDERSTANDING On March 15, Summit Hawk declares a quarterly cash dividend of $0.035 per share payable on April 13 to all stockholders of record on March 30. Required:Record Summit Hawk's declaration and payment of cash dividends for its 228 million shares. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. $5.5 million should be entered as 5,500,000).)
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A. Journalized the following transactions and prepare the Trail Balance:January, 2021 1 Pak Wheel corporation issued 10,000 shares of common stock of Rs5 par value and received Rs53,000 cash. The company then purchased back 900 shares out of those at Rs6 per share. The company then resold 500 shares from treasury stock at Rs6.50 per share. 3 Pak Wheel corporation Company A issued 100,000 shares of preferred stock of $30 par value against $1,000,000 in cash and $2,000,000 worth of property, plant and equipment. They carry dividend of $3 per share. 7 Pak Wheel corporation took over the assets of Rs 19,00,000 and liabilities of R 3,00,000 from Shah Ltd. for a purchase consideration of Rs15,19,000. Pak Wheel corporation issued a promissory note of Rs 17,000 payable after 60 days in favour of Shah Ltd. and the balance amount was paid by issue of equity shares of Rs 100 each at a premium of Rs 25 per share. 16 The owner takes Rs10000 of goods out of the business for his own use.
A. Journalized the following transactions and prepare the Trail Balance:January, 2021 1 Pak Wheel corporation issued 10,000 shares of common stock of Rs5 par value and received Rs53,000 cash. The company then purchased back 900 shares out of those at Rs6 per share. The company then resold 500 shares from treasury stock at Rs6.50 per share. 3 Pak Wheel corporation Company A issued 100,000 shares of preferred stock of $30 par value against $1,000,000 in cash and $2,000,000 worth of property, plant and equipment. They carry dividend of $3 per share. 7 Pak Wheel corporation took over the assets of Rs 19,00,000 and liabilities of R 3,00,000 from Shah Ltd. for a purchase consideration of Rs15,19,000. Pak Wheel corporation issued a promissory note of Rs 17,000 payable after 60 days in favour of Shah Ltd. and the balance amount was paid by issue of equity shares of Rs 100 each at a premium of Rs 25 per share.