Prepare journal entries for each of the following transactions :"March 1 : Declared a 10 %6 stock dividend to common stockholders " , market value was $ 40 .0.0 per share . Par value is $ 10.00 per share . There are 50.0, 000 shares of common stock outstanding .March 15: Issued a stock dividend in settlement of the dividend declared on March 1 .October 10 : Declared a 35%6 stock dividend to common stockholders ' . "The market value of theCommon stock is $ 30 per share . The par value is $ 10. 00 . There are 750 , 000 sharesOf common stock outstanding .October 25: issued a stock dividend in settlement of the dividend declared on October 10 .DateDescriptionDebitCredit1 - MarDescription :"15 - MarDescription10 - OctDescription !25 - OctDescription

Q: On December 31, the stockholders' equity section of the balance sheet of Monk Associates reflected…

A: Source of raising funds includes: Issue of common stock Issue of debts securities i.e. Bonds,…

Q: On October 10, the board of directors of Pinto Corporation declared a 10% stock dividend. On October…

A: Journal entry shows recording of each and every business transaction. Every transaction have dual…

Q: A company had stock outstanding as follows during each of its first three years of operations: 1,000…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: Bridgeport Corp. has 7,400 shares of common stock outstanding. It declares a $5 per share cash…

A: Dividend for shareholders No.of shares * cash dividend per share 7400 shares * $5 $37,000

Q: Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 15%…

A: Stock Dividend - Stock Dividend is the dividend issued by the company in the form of shares. This is…

Q: Bramble Corp. has 55,000 shares of $13 par value common stock outstanding. It declares a 13% stock…

A: No. of shares issued under stock dividend = Number of outstanding shares x 13% = 55,000 shares x 13%…

Q: On September 1, 1,500 shares of M Company stock are acquired at a price of $24 per share plus a $40…

A: Definition: Dividends: This is the amount of cash distributed to stockholders by a company out its…

Q: Tidwell Corporation has 50,000 shares of $10 par value common stock outstanding. It declares a 10%…

A: Stock dividend is the dividend that is paid in the form of stock rather cash. In this case,…

Q: Hi Tech manufacturing company has 500,000 shares of $1 per value capital stock outstanding on…

A: Dividends means the portion of Earnings per share (EPS), distributed to common stockholders in form…

Q: On October 1, Cullumber Corporation’s stockholders’ equity is as follows. Common stock, $6 par…

A: The company raises the finance from various sources, one of them is common stock. The investor who…

Q: A company began the current year with the following balances in its stockholders’ equity accounts.…

A: When dividend is issued to stockholders in form of additional stock instead of Cash, then such…

Q: A company has the following transactions during the year related to stockholders' equity. February 1…

A: Journal entry: It is defined as the recording of company's day to day transactions of monetary…

Q: On June 30, Sharper Corporation’s stockholders’ equity section of its balance sheet appears as…

A: Share outstanding after the stock dividend is 75,000 shares.

Q: On January 1, Sunland Company had 135000 shares of $10 par value common stock outstanding. On March…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: Sheridan Company has 48,000 shares of $10 par value common stock outstanding. It declares a 10%…

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

Q: A company has the following transactions during the year related to stockholders' equity. February 1…

A: The corporation has different options for collecting resources for the business. It includes the…

Q: Entries to issue stock                                   Devers Company had the following…

A: Introduction: A journal entry is used to describe a transaction that is recorded in the company's…

Q: Prepare journal entries for each of the following transactions. June 25 Declared a 7% stock…

A: Given 7% stock dividend = 4200 shares No. of shares = 60000 Market value = $14 Par value = $13

Q: A company had stock outstanding as follows during each of its first three years of operations: 2,500…

A: 1. Annual Preferred dividend  = No. of shares*face value per share*dividend % = 2,500*$100*10% =…

Q: December 31, the stockholders’ equity section of the balance sheet of R & B Corporation reflected…

A: Stockholders Equity:  Stockholders' equity refers to the claims of owners on a company's resources…

Q: Italian Stallion has the following transactions during the year related to stockholders' equity. 1…

A: Total dividend declared = Dividend per share x (No. of common stock + No. of preferred stock) =…

Q: A company had stock outstanding as follows during each of its first three years of operations: 1,000…

A: working note PREFERED DIVIDEND = 1,000 *100*9%=$9000

Q: On June 13, the board of directors of Siewert Inc. declared a 5% stock dividend on its 60 million,…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Weaver Corporation had the following stock issued and outstanding at January 1, Year 1:  66,000…

A: Dividends are distributions of earnings by a corporation to its stockholders. Usually the…

Q: Divine Apparel has 4,000 shares of common stock outstanding. On October 1, the company declares a…

A: Amount of dividend = No. of shares x dividend per share = 4,000 shares x $0.75 per share = $3,000

Q: Italian Stallion has the following transactions during the year related to stockholders’…

A: Amount of Dividend  = (No. of common stock + No. of preferred stock) x Dividend per share = (6,000…

Q: Windsor, Inc. has 46,000 shares of $10 par value common stock outstanding. It declares a 13% stock…

A: Number of shares issued as stock dividend = 46,000 shares x 13% = 5,980 shares

Q: HiTech Manufacturing Company has 500,000 shares of $1 par value capital stock outstanding on January…

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

Q: Explain how to calculate the after stock dividend to enter on the balance sheet for the below. At…

A: Determine the effect of stock dividend.

Q: On July 1, a board of directors declared a $3 per share cash dividend, payable on July 31 to all…

A: Dividend declared would be paid on no. of outstanding shares only.

Q: A company had stock outstanding as follows during each of its first three years of operations: 2,000…

A: Preference Stock: These are the shares that earn a fixed rate of dividend on the number of shares…

Q: Langley Corporation has 57,000 shares of $11 par value common stock outstanding. It declares a 15%…

A: Dividend :- This can be best understood with the help of an illustration. A person with surplus…

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

A: (1) Increase in common stock = (200,000 Shares x 10%) x 5 par value = $100,000 (2) Decrease in…

Q: Prepare journal entries for each of the following transactions :"March 1 : Declared a 10 %6 stock…

A: Dividend: The dividend is the amount paid for the investment made by the stockholders from the…

Q: Hi-C Company has $1,000,000 shares of 10%, $20 Par Value Preferred Stock outstanding. On December…

A: The Company has $1,000,000 shares of 10%, $ 20 Par Value Preferred Stock outstanding. On December…

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: On June 13, the board of directors of Siewert Inc. declared a 5% stock dividend on its 40 million,…

A:

Q: On January 1, Swifty Corporation had 71000 shares of $10 par value common stock outstanding. On June…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: A company had stock outstanding as follows during each of its first three years of operations: 4,000…

A: Solution: Computation of dividend per share to Preferred and common shareholders Year Total…

Q: Sheffield Corp. has 84,000 shares of common stock outstanding. It declares a $1 per share cash…

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

Q: Weaver Corporation had the following stock issued and outstanding at January 1, Year 1:  66,000…

A: Definition:   Dividends: This is the amount of cash distributed to stockholders by a company out its…

Q: Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31,…

A: SOLUTION- JOURNAL ENTRIES-  IT IS A SIMPLY A SUMMARY OF DEBITS AND CREDITS OF THE TRANSACTION ENTRY…

Q: On January 1, the company had 150,000 common shares outstanding. During the year, the following…

A: On January 1, the company had 150,000 common shares outstanding. During the year, the following…

Q: On October 1, Kosko Corporation’s stockholders’ equity is as follows. Common stock, $5 par value…

A: The stock dividend is a method of capitalizing retained earnings. Under the stock dividend, no…

Q: A company had stock outstanding as follows during each of its first three years of operations: 3,000…

A: The dividend is paid to the stockholders as the return on the investment. It is paid out of the…

Q: company had stock outstanding as follows during each of its first three years of operations: 2,000…

A: Dividend is the part or share of profits that is being distributed to the shareholders. It can be…

Q: Luke Enterprises has 300,000 shares of $20 par common stock outstanding. On January 19, Luke…

A: Working note 1: Determine the amount of stock dividend to be paid.   Particulars   Number…

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.