Prepare journal entries for each of the following transactions :"March 1 : Declared a 10 %6 stock dividend to common stockholders " , market value was $ 40 .0.0 per share . Par value is $ 10.00 per share . There are 50.0, 000 shares of common stock outstanding .March 15: Issued a stock dividend in settlement of the dividend declared on March 1 .October 10 : Declared a 35%6 stock dividend to common stockholders ' . "The market value of theCommon stock is $ 30 per share . The par value is $ 10. 00 . There are 750 , 000 sharesOf common stock outstanding .October 25: issued a stock dividend in settlement of the dividend declared on October 10 .DateDescriptionDebitCredit1 - MarDescription :"15 - MarDescription10 - OctDescription !25 - OctDescription

Q: Common stock-$10 par value, 95,000 shares authorized, issued, and outstanding Paid-in capital in…

A: Treasury stock is the shares repurchased from the existing shareholders. Thus they reduce the amount…

Q: Epic Inc. has 10,200 shares of $2 par value common stock outstanding. Epic declares a 7% stock…

A: a. Prepare journal entries for declaration:

Q: A company originally issued 17,000 shares of $7 par value common stock at $13 per share. The board…

A: Stock Dividend - Stock Dividend is the dividend declared on the shares issued and outstanding.…

Q: on October 10, the board of directors of pinto corporation declared a 10% stock dividend. On October…

A: Journal Entry :— It is an act of recording transactions in books of account when transaction…

Q: Weaver Corporation had the following stock issued and outstanding at January 1, Year 1: 1. 206,000…

A: DECLARATION OF DIVIDENDSDividend is the amount paid by the Corporation its shareholders in return…

Q: Smart Corp. was organized on Jan. 1 with authorization of 10,000 shares of $5 preferred stock, $100…

A: The entry for preferred stock issued   Date Particular Debit ($) Credit ($) Dec 31 Cash 20,000…

Q: On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: Common stock (par $10; 61,200 shares outstanding) Additional paid-in capital Retained earnings On…

A: Common stockholders are considered the last in line to receive assets in the event of the company's…

Q: On January 1, Ayayai Corp. had 63,200 shares of no-par common stock issued and outstanding. The…

A: The dividend payable on shares represents the total amount of dividends that a company has…

Q: Stockton Corporation has 160,000 shares of $5 par value common stock outstanding. It declared a 15%…

A: Definition:

Q: please give ruight answer explain for 27 nov 1. Record the transactions in the general journal.…

A: On 27-Nov, a cash dividend of $0.20 per share was declared. This means that the company has decided…

Q: Italian Stallion has the following transactions during the year related to stockholders' equity.…

A: Common shares=Number of shares×Par value=4,200×$15=$63,000

Q: Prepare entries to record the following selected transactions completed during the current fiscal…

A: A journal entry is used to record the day-to-day transactions of an organization by debiting and…

Q: The following dividends both pertain to Ehrlich Corporation. On October 10, the board of directors…

A: Dividend refers to the profits that are distributed to the shareholders of the entity. It could be…

Q: Epic Incorporated has 10,000 shares of $2 par value common stock outstanding. Epic declares a 5%…

A: Dividend  Dividend refers to a reward, cash or otherwise, that a company give to its shareholders.…

Q: Prepare appropriate general journal entries for each of the following transactions for Mainstream…

A: Journal entry

Q: Pro-Builders Corporation has 242,000 shares of $30 par common stock outstanding. On September 2,…

A: INTRODUCTION Dividend is distribution of company’s profit and it is paid in the form of cash or…

Q: On January 1, Sage Hill Corporation had 79000 shares of $10 par value common stock outstanding. On…

A: Stock Dividend is a dividend in the form of shares declared and issued by the corporation to the…

Q: A company originally issued 18,000 shares of $8 par value common stock at $12 per share. The board…

A: DECLARATION OF DIVIDENDSDividend is the amount paid by the Corporation its shareholders in return…

Q: Sheridan Company has 48,000 shares of $10 par value common stock outstanding. It declares a 10%…

A: Stock dividend is a method of capitalizing the retained earning. Under this, no profit is…

Q: n October 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its…

A: The dividend is declared to the shareholders from the retained earnings of the business. The stock…

Q: On September 1, the board of directors of Colorado Outfitters, Incorporated, declares and issues a…

A: Journal entries should not be used to record routine transactions such as customer billings and…

Q: On October 10, the board of directors of Larkspur Corporation declared a 10% stock dividend. On…

A: The dividend is declared to the shareholders from the retained earnings of the business. The stock…

Q: Langley Corporation has 50,000 shares of $10 par value common stock outstanding. It declares a 15%…

A: Stock dividend is a method of capitalizing the retained earning. Under this, no profit is…

Q: Rodriguez Corporation issues 17,000 shares of its common stock for $265,500 cash on February 20.…

A: The company can raise funds by various methods. Some of them are, by way of issuing common stock,…

Q: Prepare journal entries for each of the following transactions. June 25 Declared a 7% stock…

A: Given 7% stock dividend = 4200 shares No. of shares = 60000 Market value = $14 Par value = $13

Q: Italian Stallion has the following transactions during the year related to stockholders' equity. 1…

A: Total dividend declared = Dividend per share x (No. of common stock + No. of preferred stock) =…

Q: Belkin Incorporated has 100,000 shares of $3 par value common stock outstanding. Belkin declares a…

A: Journal entries to record the declaration of the stock dividend are as follows:Resultant values:

Q: On June 13, the board of directors of Siewert Inc. declared a 5% stock dividend on its 40 million,…

A: Journal Entry :— It is an act of recording transaction in books of account when transaction…

Q: Rodriguez Corporation issues 10,000 shares of its common stock for $71,800 cash on February 20.…

A: JOURNAL ENTRIES Journal Entry is the First stage of Accounting Process. Journal Entry is the Process…

Q: Split Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal…

A: The journal entries are prepared to record the daily transactions of the business.

Q: Stock DividendsMammoth Corporation has 100,000 shares of $10 par value common stock outstanding. At…

A: Journal entries are passed below.Explanation:

Q: On January 1, Larkspur Corporation had 99000 shares of $10 par value common stock outstanding. On…

A: Stock dividend is the form of dividend declared and issued by the company to the shareholders. A…

Q: On June 13, the board of directors of Siewert Inc. declared a 5% stock dividend on its 60 million,…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Sunshine Corp. was organized on Jan. 1 with authorization of 20,000 shares of $5 preferred stock,…

A: Preferred stock dividend = 8000 shares × $5 = $40,000

Q: Rodriguez Corporation issues 19,000 shares of its common stock for $152.000 cash on February 20.…

A: Journal Entry :— It is an act of recording transactions in books of account when transaction…

Q: Divine Apparel has 4,000 shares of common stock outstanding. On October 1, the company declares a…

A: Amount of dividend = No. of shares x dividend per share = 4,000 shares x $0.75 per share = $3,000

Q: Italian Stallion has the following transactions during the year related to stockholders’…

A: Amount of Dividend  = (No. of common stock + No. of preferred stock) x Dividend per share = (6,000…

Q: Windsor, Inc. has 46,000 shares of $10 par value common stock outstanding. It declares a 13% stock…

A: Number of shares issued as stock dividend = 46,000 shares x 13% = 5,980 shares

Q: Rodriguez Corporation issues 6,000 shares of its common stock for $87,500 cash on February 20.…

A: Given,  Number of shares issued = 6,000 Total issue price = $87,500

Q: Tay Inc. has 10,000 shares of $2 par value common stock outstanding. Epic declares a 6% stock…

A: Stock dividends The number of dividends that are allocated to the stock investors in respect of…

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.