Chapter 14 acct 2

Chapter 14 acct 2 - 48000 Cash Dividends Payable Pref 56000...

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P5, P6, C7 P5 #1 General Journal 20-Mar Cash Dividends Delcared $200,000 Div's Payable $200,000 6-Apr Divs Payable $200,000 Cash Divs $200,000 5-Aug Stock Dividends Dec. $700,000 Common Stock Distr. $100,000 Add. Paid in Capital $600,000 17-Aug Common Stock Distr. $100,000 Common Stock. $100,000 14-Jan Cash Dividends Dec. $110,000 Divs Payable $110,000 Divs Payable 110000 Cash Divs 110000 P5#2 Stock Holders Equity: Common Stock ; $1 par value; 1100000 authorized shares, issued and outstanding Additional Paid In capital Income Retained Earnings Total stock holders eq. p5 #3 Well the total value would obviously go down per share but u should keep the same amount of money th P6 General Journal 14-Jan Cash $480,000 Preferred Stock $480,000
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Buildings Expense $80,000 Prefered stock $80,000 add paid in capital $400,000 Treasury Common stock 36000 cash $36,000 Cash 16000 Treasury common stock $12,000 add paid in capital 4000 25-Jul Cash Dividends Payable Com.
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Unformatted text preview: 48000 Cash Dividends Payable Pref 56000 Dividends payable 104,000 15-Aug Divs Payable 104,000 Cash 104,000 Stock Div 360,000 common stock 72000 additional paid in stock 288000 Stock Holders Equity Common Stock, 4$ par value 480000 Preferred stock $40 560000 Add. Paid in capital 728000 Total income-222000 P6 3 C7 The differences in the price are due to the fact that they did stock dividends which increased the amount $220,000.00 $600,000.00 he one thing is they might have done this becase they were so successful or on the other hand bec t of shares and made them worth a little more , the relationship to market prices is that because the cause they werent successful and wanted other people to inves t. Some intangibles might be the v e dollar was gradually losing value it made it so it was equal and a little bit above what it used to b value of the dollar, or inflation. be....
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Chapter 14 acct 2 - 48000 Cash Dividends Payable Pref 56000...

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