1.) Doggo Co. Declares a $50,000 cash dividend to its common shareholders on January 2nd. The...

1.) Doggo Co. Declares a $50,000 cash dividend to its common shareholders on January 2nd. The date of record is January 18th and the date of payment is January 31st. Make all necessary journal entries for this:

2.) Puppy Inc. declares $80,000 in dividends on July 5th 2020. The date of record will be July 18th, and the payment date will be July 20th. The company has 2,000 shares of 10%, $40 par cumulative preferred stock issued and outstanding. The company also has 20,000 shares of $2 par common stock. The company paid no dividends in 2019 Journalize all necessary entries for this.

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Raptor Corporation declares a dividend permitting its common shareholders to elect to receive 9 shares of...

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A cash distribution of earnings by a corporation to its shareholders is a cash dividend. Although...

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1. Pillsbury Company declares and distributes a 30% common stock dividend when it has 40,000 shares...

1. Pillsbury Company declares and distributes a 30% common stock dividend when it has 40,000 shares of $10 par common stock outstanding. The market price per share is $40 at the date of declaration. Which journal entry is prepared? A.debit Retained Earnings $480,000 credit Common Stock $120,000 credit Paid−in Capital in Excess of Par—Common $360,000 B.debit Retained Earnings $120,000 credit Common Stock $120,000 C.debit Retained Earnings $480,000 credit Common Stock $480,000 D.debit Retained Earnings $480,000, credit Paid−in Capital in Excess...

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On January 1, 2021, Fascom had the following account balances in its shareholders' equity accounts. Common...

On January 1, 2021, Fascom had the following account balances in its shareholders' equity accounts. Common stock, $1 par, 253,000 shares issued $ 253,000 Paid-in capital–excess of par, common 506,000 Paid-in capital–excess of par, preferred 115,000 Preferred stock, $100 par, 11,500 shares outstanding 1,150,000 Retained earnings 2,300,000 Treasury stock, at cost, 5,300 shares 26,500 During 2021, Fascom Inc. had several transactions relating to common stock. January 15: Declared a property dividend of 100,000 shares of Slowdown Company (book value $10.3...

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Sandhill Technologies Inc. reported the following information related to its shareholders’ equity on January 1: Common shares, 1,200,000 authorized, 600,000 shares issued $1,800,000 Contributed surplus—reacquisition of common shares 14,160 Retained earnings 714,000 During the year, the following transactions related to common shares occurred in the order listed: 1. Issued 38,000 shares at $4.00 per share. 2. Reacquired 10,800 shares at $3.00 per share. 3. Issued 4,900 shares at $4.60 per share. 4. Reacquired 18,900 shares at $4 per share. 5....

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