Alpha Geek

(8)

$10/per page/Negotiable

About Alpha Geek

Levels Tought:
University

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 438 Weeks Ago, 5 Days Ago
Questions Answered: 9562
Tutorials Posted: 9559

Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

Experience

  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Accounting Posted 12 Jun 2017 My Price 7.00

On January 1, 2014, Calvin Corporation already has 100,000 shares of $2 par value common stock

 

On January 1, 2014, Calvin Corporation already has 100,000 shares of $2 par value common stock issued and outstanding. During the year, the following transactions occurred: Mar. 1 Issued an additional 50,000 shares of common stock for $700,000. June 1 declared a cash dividend of $2.00 per share to Stockholders of record on June 15. June 30 paid the $2.00 cash dividend. July 15 Declared a 2 for I stock split. Dec. 1 Purchased 10,000 shares of common stock for the treasury for $15 per share. Dec. 15 declared a cash dividend on outstanding shares of $3.00 per share to stockholders of record on December 29. Dec. 31 Close net income to retained earnings. Net income for 2014 amounted to $500,000. INSTRUCTIONS Prepare journal entries - IN GOOD FORM - to record the above transactions. If no entry is required indicate that "no entry is required".
 
 

Answers

Alpha Geek
(8)
Status NEW Posted 12 Jun 2017 08:06 AM My Price 7.00

-----------

Attachments

file 1497256168-594917_1_common-stock.docx preview (232 words )
Q-----------ues-----------tio-----------n: ----------- On----------- Ja-----------nua-----------ry -----------1, -----------201-----------4, -----------Cal-----------vin----------- Co-----------rpo-----------rat-----------ion----------- al-----------rea-----------dy -----------has----------- 10-----------0,0-----------00 -----------sha-----------res----------- of----------- $2----------- pa-----------rva-----------lue----------- co-----------mmo-----------n s-----------toc-----------k i-----------ssu-----------ed -----------and----------- ou-----------tst-----------and-----------ing-----------. D-----------uri-----------ng -----------the----------- ye-----------ar,----------- th-----------e f-----------oll-----------owi-----------ng -----------tra-----------nsa-----------cti-----------ons----------- oc-----------cur-----------red-----------: -----------Mar-----------. 1----------- Is-----------sue-----------d a-----------n a-----------ddi-----------tio-----------nal----------- 50-----------,00-----------0 s-----------har-----------es -----------of -----------com-----------mon----------- st-----------ock----------- fo-----------r $-----------700-----------,00-----------0. ----------- Ju-----------ne -----------1 D-----------ecl-----------are-----------d a----------- ca-----------sh -----------div-----------ide-----------nd -----------of -----------$2.-----------00 -----------per----------- sh-----------are----------- to----------- St-----------ock-----------hol-----------der-----------s o-----------f r-----------eco-----------rd -----------on -----------Jun-----------e 1-----------5. ----------- Ju-----------ne -----------30 -----------Pai-----------d t-----------he -----------$2.-----------00 -----------cas-----------h d-----------ivi-----------den-----------d. ----------- Ju-----------ly -----------15 -----------Dec-----------lar-----------ed -----------a 2----------- fo-----------r I----------- st-----------ock----------- sp-----------lit-----------. -----------Dec-----------.
Not Rated(0)