Entries for Stock Dividends Paris Corporation has 15,000 shares of $90 par common stock outstanding. On June 8, Paris Corporation declared a 2% stock dividend to be issued August 12 to stockholders of record on July 13. The market price of the stock was $110 per share on June 8. Journalize the entries required on June 8, July 13, and August 12. For a compound transaction, if an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank. use these  No entry required/cash/common stock/paid in capital in excess of par-common stock/stock dividends/stock dividends distributable/cash dividends payable/

Q: On January 22, Micah Corporation issued for cash 125,000 shares of no-par common stock at $6. On…

A: Total amount received from issue of preferred stock = 7,000 shares x $94 per share = $658,000 Par…

Q: a1.  Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to…

A: Given: Shares of authorize common stock = $ 300000 Shares of issued common stock = $ 2200000 Par…

Q: Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake…

A: Treasury stock=Number of shares×Per share value=5,100×$64=$326,400

Q: Entries for Stock Dividends Vienna Corporation has 33,000 shares of $60 par common stock…

A: Stock Dividend = 33,000 x 2%                          = 660 Shares Value of Stock Dividend = 660…

Q: Required information [The following information applies to the questions displayed below.] The…

A: Dividend pronounced is that portion of profit earned by the organization that the organization's…

Q: On February 22, Stewart Corporation acquired 8,700 shares of the 305,000 outstanding shares of…

A: In an accounting system, the journal entry is considered as the first step of recording the relevant…

Q: Treasury Stock Transactions Mystic Lake Inc. bottles and distributes spring water. On July 9 of the…

A:

Q: Senior Life Co. is an HMO for businesses in the Portland area. The following account balances appear…

A: The stock dividend is a method of paying a dividend to the shareholders in the form of shares rather…

Q: On January 22, Micah Corporation issued for cash 125,000 shares of no-par common stock at $6. On…

A: Solution The journal entries of January 22 , February 14 and August 30 transactions are shown below

Q: Bramble Corporation has 47,500 shares of $12 par value common stock outstanding. It declares a 15%…

A: Journal entries are recording of the transaction in the accounting journal in a chronological order.…

Q: Stockton Corporation has 160,000 shares of $5 par value common stock outstanding. It declared a 15%…

A: Definition:

Q: Record following stock transactions of Smith Corporation, which represent all its treasury stock…

A: Journal entry: It is the primary stage of recording any transactions incurred in the business. It…

Q: Treasury Stock Transactions Biscayne Bay Water Inc. bottles and distributes spring water. On May 14…

A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

Q: (Effect of Treasury Stock Transactions on Financials) Joe Dumars Company has outstanding 40,000…

A: Treasury stock: Treaseury stock are the shares which are bought back by the company from the open…

Q: The stockholders’ equity section of Jun Co.’s balance sheet as of April 1 follows. On April 2, Jun…

A: The 10% stock dividend is a small stock dividend and hence it shall be recorded at the market value.

Q: Pro-Builders Corporation has 242,000 shares of $30 par common stock outstanding. On September 2,…

A: INTRODUCTION Dividend is distribution of company’s profit and it is paid in the form of cash or…

Q: Zurich Corporation has 40,000 shares of $60 par common stock outstanding. On June 8, Zurich…

A: Stock dividend = No. of shares outstanding x rate of stock dividend x market price of the stock =…

Q: Stock Transactions Biscayne Bay Water Inc. bottles and distributes spring water. On May 14 of the…

A: Purchase of treasury stock means purchase of its own share from the market.

Q: STOCK DIVIDENDS Martinez Company currently has 200,000 shares of $1 par common stock outstanding. On…

A: The dividend to the shareholders is declared from the retained earnings of the business and can be…

Q: Entries for Treasury Stock On May 27, Buzz Off Inc. reacquired 76,000 shares of its common stock at…

A: Introduction Treasury stock: Treasury stock is the company’s its own stock which company purchases…

Q: Pro-Builders Corporation has 1,500,000 shares of $5 par common stock outstanding. On September 2,…

A: Stock Dividends: It refers to the payment of dividends by a company to its existing shareholders, in…

Q: Entries for Stock Dividends Senior Life Co. is an HMO for businesses in the Portland area. The…

A: a1. Record journal entry for declaration of dividend and capitalizing an amount equal to market…

Q: Entries for Stock Dividends Senior Life Co. is an HMO for businesses in the Portland area. The…

A: Stock Dividend: A stock dividend is a dividend paid to shareholders in the form of additional…

Q: Entries for Stock Dividends Healthy Life Co. is an HMO for businesses in the Fresno area. The…

A: Dividend means the amount of profit which is distributed to the shareholder or owner of the company.…

Q: Entries for Stock Dividends Alpine Energy Corporation has 1,500,000 shares of $10 par common stock…

A: Journal entry:

Q: Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake…

A: A company may choose to buy back its own issued and outstanding shares from the market. Management…

Q: Madrid Corporation has 31,000 shares of $20 par common stock outstanding. On August 2, Madrid…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: On September 12, 2,400 shares of Aspen Company are acquired at a price of $58.00 per share plus a…

A: Date Accounts title $ Explanation Debit $ Credit $ 12 Sep Investment in Aspen…

Q: Epic Inc. has 10,000 shares of $2 par value common stock outstanding. Epic declares a 5% stock…

A: Market value of stock dividend = No. of common stock outstanding x market value par share x % of…

Q: Entries for Treasury Stock On May 27, Hydro Clothing Inc. reacquired 75,000 shares of its common…

A:

Q: op-Value Corporation has 256,500 shares of $35 par common stock outstanding. On September 2,…

A: Journal: It is the first step of recording financial transactions. It is used to prepare the…

Q: Madrid Corporation has 25,000 shares of $80 par common stock outstanding. On August 2, Madrid…

A: Journal entry: It is the recording of financial and non-financial transactions of the organisation.…

Q: )On January 1, Sunland Corporation had 270000 common shares issued. On April 10, the company…

A: Stock dividend is a method of capitalizing the retained earning. Under this, no profit is…

Q: Ise Entries for Treasury Stock On May 27, Buzz Off Inc. reacquired 4,600 shares of its common stock…

A: When a company reacquires/purchases its owns share, it called treasury shares. Assumption :cost…

Q: Entries for stock dividends Pro-Builders Corporation has 1,500,000 shares of $5 par common stock…

A: Stock dividend means when instead of cash, shares of the company are distributed as dividends to the…

Q: On January 1, Pharoah Company had 87000 shares of $10 par value common stock outstanding. On May 7,…

A: Additional stocks issued to existing common stockholders with no distribution of entity's…

Q: Entries for Treasury Stock On May 27, Buzz Off Inc. reacquired 79,000 shares of its common stock at…

A: Solution:- Preparation of journal entries as follows under:-

Q: Entries for Stock Dividends Vienna Corporation has 38,000 shares of $90 par common stock…

A: Stock dividends are the dividends issued by the company to give out bonus stock to the existing…

Q: Entries for stock dividends   Healthy Life Co.is an HMO for businesses in the Fresno area. The…

A: Stock dividend means when shares of the company are distributed as dividends or part of profits of…

Q: McVie Corporation's stock has a par value of $2. The company has the following transactions during…

A: The company can raise funds by various methods. Some of them are, by way of issuing common stock,…

Q: Entries for Stock Dividends Paris Corporation has 20,000 shares of $80 par common stock outstanding.…

A: Stock dividend is dividend payment to stockholders in form of shares rather than cash. Shareholders…

Q: Treasury Stock Transactions Mystic Lake Inc. bottles and distributes spring water. On July 9 of the…

A: A journal entry is used to record day-to-day transactions of the business by debiting and crediting…

Q: Senior Life Co. is an HMO for businesses in the Portland area. The following account balances appear…

A: Stockholders' equity section of the balance sheet indicates the amount of shares company has issued…

Q: Treasury stock transactions   Mystic Lake Inc. bottles and distributes spring water.On July 9 of the…

A: Journal entry refers to recording and classifying business transactions initially into books of…

Q: Vienna Corporation has 29,000 shares of $80 par common stock outstanding. On August 2, Vienna…

A: The question is based on the concept of Journal Entry.

Q: Vincent Corporation has 96,000 share of $100 par common stock outstanding. On June 30, Vincent…

A: Vincent corporation issued shares in excess of par at $121 per share

Q: Solar Company has 600,000 shares of $75 par common stock outstanding. On February 13, Solar declared…

A: Stock dividend = No. of common stock outstanding x  stock dividend  rate x market price of the stock…

Q: Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake…

A: Solution a:  Journal Entries for the transactions of July 9, September 22, and November 23 are as…

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.