FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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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