On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year. Date Item Debit Credit BalanceDebit BalanceCredit January 1 Balance, 60,000 shares 300,000 April 2 15,000 shares issued for cash 75,000 375,000 June 30 2,000-share stock dividend 10,000 385,000 Date Item Debit Credit BalanceDebit BalanceCredit January 1 Balance 180,000 April 2 15,000 shares issued for cash 210,000 390,000 June 30 Stock dividend 7,500 397,500 Date Item Debit Credit BalanceDebit BalanceCredit January 1 Balance 249,000 June 30 Stock dividend 17,500 231,500 December 30 Cash dividend 28,600 202,900 December 31 Net income 179,300 382,200 If an amount is not reported on the statement of cash flows, enter in "0" in the Amount column. Item Section of Statement of Cash Flows Added or Deducted Amount Sale of common stock $fill in the blank 3 Cash dividend $fill in the blank 6 Stock dividend $fill in the blank 9
On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year. Date Item Debit Credit BalanceDebit BalanceCredit January 1 Balance, 60,000 shares 300,000 April 2 15,000 shares issued for cash 75,000 375,000 June 30 2,000-share stock dividend 10,000 385,000 Date Item Debit Credit BalanceDebit BalanceCredit January 1 Balance 180,000 April 2 15,000 shares issued for cash 210,000 390,000 June 30 Stock dividend 7,500 397,500 Date Item Debit Credit BalanceDebit BalanceCredit January 1 Balance 249,000 June 30 Stock dividend 17,500 231,500 December 30 Cash dividend 28,600 202,900 December 31 Net income 179,300 382,200 If an amount is not reported on the statement of cash flows, enter in "0" in the Amount column. Item Section of Statement of Cash Flows Added or Deducted Amount Sale of common stock $fill in the blank 3 Cash dividend $fill in the blank 6 Stock dividend $fill in the blank 9
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
On the basis of the following
| Date | Item | Debit | Credit | Balance Debit |
Balance Credit |
|---|---|---|---|---|---|
| January 1 | Balance, 60,000 shares | 300,000 | |||
| April 2 | 15,000 shares issued for cash | 75,000 | 375,000 | ||
| June 30 | 2,000-share stock dividend | 10,000 | 385,000 |
| Date | Item | Debit | Credit | Balance Debit |
Balance Credit |
|---|---|---|---|---|---|
| January 1 | Balance | 180,000 | |||
| April 2 | 15,000 shares issued for cash | 210,000 | 390,000 | ||
| June 30 | Stock dividend | 7,500 | 397,500 |
| Date | Item | Debit | Credit | Balance Debit |
Balance Credit |
|---|---|---|---|---|---|
| January 1 | Balance | 249,000 | |||
| June 30 | Stock dividend | 17,500 | 231,500 | ||
| December 30 | Cash dividend | 28,600 | 202,900 | ||
| December 31 | Net income | 179,300 | 382,200 |
If an amount is not reported on the statement of cash flows, enter in "0" in the Amount column.
| Item | Section of Statement of Cash Flows | Added or Deducted | Amount |
|---|---|---|---|
| Sale of common stock |
|
|
$fill in the blank 3 |
| Cash dividend |
|
|
$fill in the blank 6 |
| Stock dividend |
|
|
$fill in the blank 9 |
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