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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 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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