INSTRUCTIONS: FIll out the journal entries for the following transactions for Ace Manufacturing 2011 - Ace Manufacturing issued the following stock for cash: Jan. 1- Preferred 10 000 shares e $100 per share Jan. 15- Common stock 100 000 shares e $20 June 1- They declared a stock dividend of $2 on the preferred stock. June 30 - They paid the dividend. Dec. 31 - They closed the dividend account. 2012 - jan. 15- They issued a stock dividend of 10 percent for the common stock, and the current market price was $30. Feb. 30 - They issued the common stock for the dividend. Dec. 31- They closed the declared account 2 2013 - March 1-The common stock was now worth $100, so they split it in half Based on the March 1 transaction, what is the number of outstanding common stock shares on March 31, 2013?

On September 1, the board of directors of a company, declares a stock dividend on its 22,000, $13 par, common shares. The market price of the common stock is $42 on this date.Required:1. 2. & 3. Record the necessary journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split.   need help

The equity section of Atticus Group’s 2017 year-end balance sheet had 200,000 shares of $4 par value common stock authorized. Of this amount, 40,000 shares were issued and outstanding in one offering in which the stock was sold at $7 per share. Retained earnings had a balance of $320,000. The following transactions and events occurred in 2018. Jan. 5 Declared a $0.50 per share cash dividend, date of record January 10, to be paid February 10. Mar. 20 Purchased 3,000 shares of treasury stock for $10 per share. Apr. 5 Declared a 20% stock dividend when the stock’s market value was $12 per share. The dividend is to be distributed on April 30 to stockholders of record on April 10. Jul. 5 Declared a $0.25 per share cash dividend, date of record July 10, to be paid August 10. Aug. 14 Issued 4,000 shares at $15 per share. Oct. 5 Declared and distributed a 2-for-1 stock split. Dec. 31 Atticus recorded net income of $248,000 in 2018. 1.What is total paid-in capital one…

Brief Exercise 10-12 (Algo) Record cash dividends (LO10-5) Divine Apparel has 3,800 shares of common stock outstanding. On October 1, the company declares a $0.25 per share dividend to stockholders of record on October 15. The dividend is paid on October 31.    Record all transactions on the appropriate dates for cash dividends. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)       1 Record the declaration of cash dividends.   2 Record the entry on the date of record.   3 Record the payment of cash dividends.