On January 1, 2022, Pharoah Company had the following stockholders' equity accounts. Common Stock ($12 par value, 83,700 shares issued and outstanding) $1,004,400 Paid-in Capital in Excess of Par-Common Stock 184,000 Retained Earnings 533,000 During the year, the following transactions occurred. Jan, 15 Feb. 15. Apr. 15 May 15 July 1 Dec. 1 Dec. 31 Declared a $1 cash dividend per share to stockholders of record on January 31, payable February 15. Paid the dividend declared in January. Declared a 5% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $16 per share. Issued the shares for the stock dividend. Announced a 2-for-1 stock split. The market price per share prior to the announcement was $14. (The new par value is $6.) Declared a $0,40 per share cash dividend to stockholders of record on December 15, payable January 10, 2023. Determined that net income for the year was $220,000.

A: The payment is an amount of money paid by the customer to the seller in exchange of goods and…

A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

A: T account is the account which is made by the company for each account in which all the transactions…

A: Post-retirement benefits may include life insurance  and medical plans, or premiums for such…

A: Under QBO there is a feature to customize your forms.

A: Bank reconciliation: Bank statement is prepared by bank. The company maintains its own records from…

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

A: Medical expenses add up for Self, spouse, or dependent's medical expenses cost receipts these could…

A: Payments Accepted means- Any Payment which will be receivable from the customer on any credit sales…

A: If an auditor is not returning all client provided documents upon request, then this act is an…

A: Blind Purchase Order: Blind purchase order contains all the information related to the purchase of…

A: Journal entry is the entry which is made at the date on which the transaction which relates to the…

A: The correct option is B   The living will is advance directive will which allows other persons…

A:

A: NBBO is a securities exchange commission regulation that requires brokers to trade at the best…

A: Draft Normally in Draft there are involved three parties one is Drawer another is Drawee and third…

A: In business, internal control is the set of rules, regulations, and practices that a company has…

A:

A: Accounts payable represents the due amounts which the corporation has to pay in the future either…