The stockholders’ equity accounts of Pearl Company have the following balances on December 31, 2017. Common stock, $3 par, 1,000,000 shares issued and outstanding   $3,000,000 Paid-in-capital in excess of par – common stock   5,800,000 Retained earnings   7,916,000 Shares of Pearl Company stock are currently selling on the Midwest Stock Exchange at $20. Prepare the appropriate journal entries for each of the following independent cases.   A stock dividend of 10% is declared and issued.

Nowell Inc. had the following stock issued and outstanding at January 1, 2018:   150,000 shares of no-par common stock. 30,000 shares of $50 par, 4 percent, cumulative preferred stock. (Dividends are in arrears for one year, 2017.)   On March 8, 2018, Nowell declared a $175,000 cash dividend to be paid March 31 to shareholders of record on March 20.   Required What amount of dividends will be paid to the preferred shareholders versus the common shareholders?

Please see the picture below for the information needed to complete this. Enter the beginning balances in the accounts and post the journal entries to the stockholders' equity accounts. Finally, prepare a partial balance sheet for the stockholders' equity section of the balance sheet at December 31, 2017.

On January 1 2018, ACI Ltd. had 5,80,000 shares of common stock outstanding . During2018, it had the following transactions that affected the common stock account:February-1 Issued 1,50,000 shares.March-1 Issued a 20% stock dividend.May-1 Acquired 1,00,000 shares of treasury stock.June-1 Issued a 4 for 1 stock split.October-1 Reissued 60,000 shares of treasury stock.Requirements:i) Determine the weighted average number of shares outstanding as of December 31,2018.[01]ii) Assume that ACI Ltd. earned net income Tk. 35,00,000 during 2018. In addition it had1,00,000 shares of 10% ,Tk100 per nonconvertible, noncumulative preferred stockoutstanding for the entire year. Because of liquidity considerations, however, thecompany did not declare and pay a preferred dividend in 2018. Compute earning pershares for 2018, using the weighted average number of shares. iii) Assume the same fact as in part (ii), except that the preferred stock was cumulative.Compute earning per shares for 2018.iv) Assume…

Below is United Delivery Service’s (UDS) stockholders' equity for the year ended 2022: Common Stock, $3 par value $60,000 Paid-in Capital in Excess of Par—Common 35,000 Retained Earnings 100,000 Treasury Stock (10,000) In March, UDS declares and distributes a 12% stock dividend when the market value of the stock is $6.   1) Prepare UDS's March end stockholders' equity section. 2) How would retained earnings change if UDS doubled their number of shares through a 2 for 1 stock split?

Fechter Corporation had the following stockholders’ equity accounts on January 1, 2015: Common Stock ($5 par) $536,900, Paid-in Capital in Excess of Par—Common Stock $221,330, and Retained Earnings $117,620. In 2015, the company had the following treasury stock transactions. Mar. 1   Purchased 5,800 shares at $8 per share. June 1   Sold 1,500 shares at $13 per share. Sept. 1   Sold 1,840 shares at $10 per share. Dec. 1   Sold 1,290 shares at $6 per share. Fechter Corporation uses the cost method of accounting for treasury stock. In 2015, the company reported net income of $28,720. Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2015, for net income. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)     Open accounts for Paid-in Capital from Treasury Stock, Treasury…

On January 1, 2022, Skysong, Inc. had $1,190,000 of common stock outstanding that was issued at par and retained earnings of $749,000. The company issued 43,000 shares of common stock at par on July 1 and earned net income of $395,000 for the year. Journalize the declaration of a 15% stock dividend on December 10, 2022, for the following two independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) (b) No. Account Titles and Explanation (a) Par value is $10 and market price is $15. Par value is $5 and market price is $8. (b) Retained Earnings Common Stock Dividends Distributable Paid-in Capital in Excess of Par-Common Stock Retained Earnings Common Stock Dividends Distributable Paid-in Capital in Excess of Par-Common Stock Debit 277,425 147,960 Credit 184,950 277,425 92,475 332,910

(Entries for Stock Dividends and Stock Splits) The stockholders’ equity accounts of G.K. Chesterton Company have the following balances on December 31, 2017. Common stock, $10 par, 300,000 shares issued and outstanding $3,000,000 Paid-in capital in excess of par—common stock 1,200,000 Retained earnings 5,600,000 Shares of G.K. Chesterton Company stock are currently selling on the Midwest Stock Exchange at $37.InstructionsPrepare the appropriate journal entries for each of the following cases.(a) A stock dividend of 5% is declared and issued.(b) A stock dividend of 100% is declared and issued.(c) A 2-for-1 stock split is declared and issued.

On January 1, 2017, Ehrlich Corporation had the following stockholders’ equity accounts.Common Stock ($10 par value, 100,000 shares issued and outstanding) $1,000,000Paid-in Capital in Excess of Par—Common Stock                                        200,000Retained Earnings                                                                                           540,000During the year, the following transactions occurred.Jan. 15 Declared a $1 cash dividend per share to stockholders of record on January 31, payable February 15.Feb. 15 Paid the dividend declared in January.Apr. 15 Declared a 15% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $15 per share.May 15 Issued the shares for the stock dividend.Dec. 1 Declared a $0.50 per share cash dividend to stockholders of record on December 15, payable January 10, 2018.      31 Determined that net income for the year was $250,000.Instructions(a) Journalize the…

Top-Value Corporation has 256,500 shares of $35 par common stock outstanding. On September 2, Top-Value Corporation declared a 3% stock dividend to be issued November 30 to stockholders of record on October 3. The market price of the stock was $50 per share on September 2. Required: Journalize the entries required on September 2, October 3, and November 30. If no entry is required, simply skip to the next transaction. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.