LindsayMitchell_homework_unit7

LindsayMitchell_homework_unit7 - JOURNAL Date Description...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Problem 13-3A Name: Lindsay Mitchell Section: AC116-24 Enter the appropriate amounts and accounts in the shaded cells below. A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells. JOURNAL Description Debit Credit a. Treasury Stock ### 540,000 ### ### Cash ### ### 540,000 ### b. Cash ### 462,000 ### ### Treasury Stock ### ### 378,000 ### Paid-in Capital from Sale of Treasury Stock ### ### 84,000 ### c. Cash ### 285,000 ### ### Preferred Stock ### ### 187,500 ### Paid-in Capital in Excess of Par Value - Preferred Stock ### ### 97,500 ### d. Cash ### 1,800,000 ### ### Common Stock ### ### 600,000 ### Paid-in Capital in Excess of Par Value - Common Stock ### ### 1,200,000 ### e. Cash ### 110,500 ### ### Paid-in Capital from Sale of Treasury Stock ### 6,500 ### ### Treasury Stock ### ### 117,000 ### f. Cash Dividends ### 387,050 ### ### Cash Dividends Payable ### ### 387,050 ### g. Cash Dividends Payable ### 387,050 ### ### Cash ### ### 387,050 ###
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
Problem 13-5A Name: Lindsay Mitchell Section: AC116-24 Enter the appropriate amounts and accounts in the shaded cells below. A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells.
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: JOURNAL Date Description Debit Jan. 10 No Entry Required ### ### Mar. 1 Cash Dividends ### 216,000 ### Cash Dividends Payable ### ### Apr. 30 Cash Dividends Payable ### 216,000 ### Cash ### ### July 9 Treasury Stock ### 1,950,000 ### Cash ### ### Aug. 29 Cash ### 1,280,000 ### Treasury Stock ### ### Paid-in Capital from Sale of Treasury Stock ### ### Sept. 1 Cash Dividends ### 165,750 ### Cash Dividends Payable ### ### 1 Stock Dividends ### 139,500 ### Stock Dividends Distributable ### ### Paid-in Capital in Excess of Par Value - Common Stock ### ### Oct. 31 Cash Dividends Payable ### 165,750 ### Cash ### ### 31 Stock Dividends Distributable ### 116,250 ### Common Stock ### ### Credit ### 216,000 ### ### 216,000 ### ### 1,950,000 ### ### 1,040,000 ### 240,000 ### ### 165,750 ### ### 116,250 ### 23,250 ### ### 165,750 ### ### 116,250 ###...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern