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    Pa Bab 13 Dividends

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    Rahmi Restu
    The document summarizes entries related to cash dividends and stock dividends. It shows entries for declaring and paying cash dividends of $135,000. It also shows entries for declaring a 2% stock dividend on $4 par common stock, which results in an issuance of 10,000 additional shares. The stock dividend increases paid-in capital in excess of par by $90,000 and reduces retained earnings by $130,000.

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    Pa Bab 13 Dividends

    Uploaded by

    Rahmi Restu
    30 views3 pages
    The document summarizes entries related to cash dividends and stock dividends. It shows entries for declaring and paying cash dividends of $135,000. It also shows entries for declaring a 2% stock dividend on $4 par common stock, which results in an issuance of 10,000 additional shares. The stock dividend increases paid-in capital in excess of par by $90,000 and reduces retained earnings by $130,000.

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    Pengantar Akuntansi Solution

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    The document summarizes entries related to cash dividends and stock dividends. It shows entries for declaring and paying cash dividends of $135,000. It also shows entries for declaring a 2% stock dividend on $4 par common stock, which results in an issuance of 10,000 additional shares. The stock dividend increases paid-in capital in excess of par by $90,000 and reduces retained earnings by $130,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    30 views3 pages

    Pa Bab 13 Dividends

    Uploaded by

    Rahmi Restu
    The document summarizes entries related to cash dividends and stock dividends. It shows entries for declaring and paying cash dividends of $135,000. It also shows entries for declaring a 2% stock dividend on $4 par common stock, which results in an issuance of 10,000 additional shares. The stock dividend increases paid-in capital in excess of par by $90,000 and reduces retained earnings by $130,000.

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    EX 13-9

    Cash Dividends 135,000


    Jan 12
    Cash Dividends Payable 135,000
    Mar 13 No entry required
    Cash Dividends Payable 135,000
    Apr 12
    Cash 135,000
    EX 13-10
    Common Stock, $4 par (500.000 shares issued) 2,000,000
    Paid-In Capital in Excess of Par - Common Stock 1,000,000
    Retained Earnings 33,500,000

    a(1) Stock Dividends 130,000


    Stock Dividends Distributable 40,000
    Paid-In Capital in Excess of Par - Common Stock 90,000
    *{Declared 2% (10.000 shares) stock
    dividend on $4 par common stock
    with a market price of $13}

    a(2) Stock Dividends Distributable 40,000


    Common Stock 40,000

    b(1) Paid-In Capital :


    Common stock, $4 par (500.000 shares issued) 2,000,000
    Excess of issue price over par 1,000,000
    Total paid-in capital 3,000,000
    b(2) Retained earning, before stock dividends was declared 33,500,000
    b(3) Total sockholders’ equity 36,500,000

    c(1) Paid-In Capital :


    Common stock, $4 par (500.000 shares issued) 2,000,000
    Excess of issue price over par 1,000,000
    Stock dividends 130,000
    Total paid-in capital 3,130,000

    Retained earning, before stock dividends was declared 33,500,000


    Less dividends common stock -130,000
    Decrease in retained earnings -130,000
    Retained earning, after stock dividends was declared 33,370,000

    Total stockholders’ equity 36,500,000


    EX 13-12
    a) May 29 Treasury Stock 360,000
    Cash 360,000
    Aug 11 Cash 324,000
    Treasury Stock 270,000
    Paid-In Capital from Sale of Treasury Stock 54,000
    Oct 30 Cash 63,000
    Treasury Stock 60,000
    Paid-In Capital from Sale of Treasury Stock 3,000

    b) Balance in Paid-in Capital - Treasury Stock = 57.000

    c) Balance in Treasury Stock = 30.000

    d)

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