FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Stockholders’ equity:
Paid-in capital:
| Common stock – $200 par value, 10,000 shares authorized, 6,000 shares issued and outstanding $1,200,000 |
| Paid-in capital in excess of par value 480,000 |
| Total paid-in capital $1,680,000 |
| |
| Total stockholders’ equity $2,160,000 |
| On 2009 August 4, a 4 cent cash dividend was declared, payable on September 3. On November 16, a 10 per cent stock dividend was declared. The shares were issued on December 1. The market value of the common stock was $ 360 per share on November 16. |
Prepare Journal enteries for these dividen transactions.
| GENERAL JOURNAL |
| Date | Account/Description | POST REF. | Debit | Credit |
| 20-- | ||||
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