Chapter 10, Problem 51AP

Accounting for various stockholders’ equity transactions (Learning Objectives 4, 5, & 6) 20-25 min.

Cho Sporting Goods, Inc., completed the following selected transactions during 2018:

Jan 6	Declared a cash dividend on the 8,000 shares of $4, no-par preferred stock outstanding. Declared a $0.20 per share dividend on the 13,000 shares of common stock outstanding. The date of record is January 17, and the payment date is January 20.
Jan 20	Paid the cash dividends.
Mar 21	Split common stock 2-for-1 by calling in the 13,000 shares of $4 par common stock and issuing new stock in its place.
Apr 18	Declared and distributed a 10% stock dividend on the common stock. The market value of the common stock was $29 per share.
Jun 18	Purchased 2,000 shares of treasury common stock at $33 per share.
Dec 22	Sold 1,000 shares of treasury common stock for $39 per share.