+ I/ * 00 因 C. %#3 Schedule-2020FA-A X Connect A https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnew... * Chapter 18 Homework i Saved Help Save & Exit Sub Check my wor Exercise 18-19 (Algo) Stock dividend [LO18-8] 4. The shareholders' equity of Core Technologies Company on June 30, 2020, included the following: polnts Common stock, $1 par; authorized, 6 million shares; issued and outstanding, 1 million shares Paid-in capital-excess of par Retained earnings 000 000 T $ 000 000 000'000S eBook Hint On April 1, 2021, the board of directors of Core Technologies declared a 10% stock dividend on common shares, to be distributed on June 1. The market price of Core Technologies' common stock was $34 on April1, 2021, and $44 on June 1, 2021. Print References Required: Complete the below table to calculate the stock dividend. Prepare the journal entries to record the declaration and distribution of the stock dividend. Complete this question by entering your answers in the tabs below. General Stock Dividend Journal Complete the below table to calculate the stock dividend. < Prev 4 of 5 MEIS Idecotion (Dツ C O Type here to search PrtSc Dele F12 <> F7 F11 F10 F5 -D +D F4 & %23 $4 2 7. 5. 9- 4. A D F G H K. * 00 國 關 团 T 正 %#0 ADE llabus & Schedule - 2020FA-AX Connect Ahttps://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Fnew... Chapter 18 Homework i Saved Help Save & E: Chec Exercise 18-12 (Algo) Treasury stock [LO18-5] 3. In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western Transport had issued 230 million shares of its $1 par common stock at $23 per share. polnts Required: Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) eBook Hint Print 1. On January 23, 2021, Western Transport reacquired 15 million shares at $26 per share. 2. On September 3, 2021, Western Transport sold 2 million treasury shares at $27 per share. 3. On November 4, 2021, Western Transport sold 2 million treasury shares at $24 per share. References View transaction list Journal entry worksheet 1. Record the reacquisition of 15 million shares at $26 per share. < Prev 3 of 5 Next Graw Education Type here to search L. PrtSc F10 F11 F12 Esc +D F5 F7 -D & %24 4. %23 9. 6. 3. 5. R.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
+ I/
* 00
因
C.
%#3
Schedule-2020FA-A X
Connect
A https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnew... *
Chapter 18 Homework i
Saved
Help
Save & Exit
Sub
Check my wor
Exercise 18-19 (Algo) Stock dividend [LO18-8]
4.
The shareholders' equity of Core Technologies Company on June 30, 2020, included the following:
polnts
Common stock, $1 par; authorized, 6 million shares;
issued and outstanding, 1 million shares
Paid-in capital-excess of par
Retained earnings
000 000 T $
000 000
000'000S
eBook
Hint
On April 1, 2021, the board of directors of Core Technologies declared a 10% stock dividend on common shares, to be distributed on
June 1. The market price of Core Technologies' common stock was $34 on April1, 2021, and $44 on June 1, 2021.
Print
References
Required:
Complete the below table to calculate the stock dividend. Prepare the journal entries to record the declaration and distribution of the
stock dividend.
Complete this question by entering your answers in the tabs below.
General
Stock Dividend
Journal
Complete the below table to calculate the stock dividend.
< Prev
4 of 5
MEIS
Idecotion
(Dツ C
O Type here to search
PrtSc
Dele
F12
<>
F7
F11
F10
F5
-D
+D
F4
&
%23
$4
2
7.
5.
9-
4.
A
D
F G H
K.
Transcribed Image Text:+ I/ * 00 因 C. %#3 Schedule-2020FA-A X Connect A https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnew... * Chapter 18 Homework i Saved Help Save & Exit Sub Check my wor Exercise 18-19 (Algo) Stock dividend [LO18-8] 4. The shareholders' equity of Core Technologies Company on June 30, 2020, included the following: polnts Common stock, $1 par; authorized, 6 million shares; issued and outstanding, 1 million shares Paid-in capital-excess of par Retained earnings 000 000 T $ 000 000 000'000S eBook Hint On April 1, 2021, the board of directors of Core Technologies declared a 10% stock dividend on common shares, to be distributed on June 1. The market price of Core Technologies' common stock was $34 on April1, 2021, and $44 on June 1, 2021. Print References Required: Complete the below table to calculate the stock dividend. Prepare the journal entries to record the declaration and distribution of the stock dividend. Complete this question by entering your answers in the tabs below. General Stock Dividend Journal Complete the below table to calculate the stock dividend. < Prev 4 of 5 MEIS Idecotion (Dツ C O Type here to search PrtSc Dele F12 <> F7 F11 F10 F5 -D +D F4 & %23 $4 2 7. 5. 9- 4. A D F G H K.
* 00
國
關
团
T
正
%#0
ADE
llabus & Schedule - 2020FA-AX
Connect
Ahttps://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Fnew...
Chapter 18 Homework i
Saved
Help
Save & E:
Chec
Exercise 18-12 (Algo) Treasury stock [LO18-5]
3.
In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western Transport had
issued 230 million shares of its $1 par common stock at $23 per share.
polnts
Required:
Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No
journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
eBook
Hint
Print
1. On January 23, 2021, Western Transport reacquired 15 million shares at $26 per share.
2. On September 3, 2021, Western Transport sold 2 million treasury shares at $27 per share.
3. On November 4, 2021, Western Transport sold 2 million treasury shares at $24 per share.
References
View transaction list
Journal entry worksheet
1.
Record the reacquisition of 15 million shares at $26 per share.
< Prev
3 of 5
Next
Graw
Education
Type here to search
L.
PrtSc
F10
F11
F12
Esc
+D
F5
F7
-D
&
%24
4.
%23
9.
6.
3.
5.
R.
Transcribed Image Text:* 00 國 關 团 T 正 %#0 ADE llabus & Schedule - 2020FA-AX Connect Ahttps://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Fnew... Chapter 18 Homework i Saved Help Save & E: Chec Exercise 18-12 (Algo) Treasury stock [LO18-5] 3. In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western Transport had issued 230 million shares of its $1 par common stock at $23 per share. polnts Required: Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) eBook Hint Print 1. On January 23, 2021, Western Transport reacquired 15 million shares at $26 per share. 2. On September 3, 2021, Western Transport sold 2 million treasury shares at $27 per share. 3. On November 4, 2021, Western Transport sold 2 million treasury shares at $24 per share. References View transaction list Journal entry worksheet 1. Record the reacquisition of 15 million shares at $26 per share. < Prev 3 of 5 Next Graw Education Type here to search L. PrtSc F10 F11 F12 Esc +D F5 F7 -D & %24 4. %23 9. 6. 3. 5. R.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education