Problem 13-4A

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Problem 13-4ABitmapTitle_Info
 
      
Name:           
Section:           
          
Score:   38%       
             
Key Code:    [Key code here]          
Instructions                                                                                                                                                                                                                               
Answers are entered in the cells with gray backgrounds.     
Cells with non-gray backgrounds are protected and cannot be edited.     
An asterisk (*) will appear to the right of an incorrect entry. In T accounts, only final balances will be graded.            
Enter a zero for the final balance if appropriate.            
             
1., 2.            
  Common Stock Treasury Stock
     Jan.   1 Bal.  Jan.   1 Bal.  June 060
     Apr. 10  Nov 23    
     Aug 15  Dec. 31 Bal.     
     Dec. 31 Bal.        
             
        Paid-In Capital from Sale of Treasury Stock
  Paid-In Capital in Excess of Stated Value    June 06 
     Jan.   1 Bal.     Dec. 31 Bal. 
     Apr. 10       
     July 05  Stock Dividends Distributable
     Dec. 31 Bal.   Aug 15  July 05 
           Dec. 31 Bal.0
             
  Retained Earnings Stock Dividends
  Dec 31493.800 Jan.   1 Bal.  July 05  Dec 31 
     Dec 31  Dec. 31 Bal.0   
     Dec. 31 Bal.        
        Cash Dividends
        Dec 28  Dec 310
        Dec. 31 Bal.0   
             
             
2.            
  Jan. 22Cash Dividends Payable      
   Cash   0*
             
  Apr. 10Cash      
   Common Stock      
   Paid-In Capital in Excess of Stated Value      
             
  June  6Cash      
   Treasury Stock      
   Paid-In Capital from Sale of Treasury Stock      
             
  July   5Stock Dividends      
   Stock Dividends Distributable      
   Paid-In Capital in Excess of Stated Value   0*
             
  Aug. 15Stock Dividends Distributable      
   Common Stock      
             
  Nov.  23Treasury Stock      
   Cash      
             
  Dec. 28Cash Dividends      
   Cash Dividends Payable   0*
             
          31Income Summary      
   Retained Earnings   0*
             
          31Retained Earnings 0*  
   Stock Dividends   0*
   Cash Dividends   0*
             
             
3.MORROW ENTERPRISES INC.  
 Retained Earnings Statement  
 For the Period Ended December 31, 2014  
             
  Retained earnings (January 1, 2014)        
  Net income           
  Less: Cash dividends          
           Stock dividends          
  Increase in retained earnings                      -*  
  Retained earnings (December 31, 2014)    $               -*  
             
             
4.MORROW ENTERPRISES INC.  
 Balance Sheet  
 December 31, 2014  
             
             
 Stockholders' Equity  
  Paid-in capital:         
  Common stock, $20 stated value       
     (500,000 shares authorized, 468,000 shares issued)       
  Excess of issue price over stated value                    -*   
  From sale of treasury stock                     -*   
       Total paid-in capital      $               -*  
  Retained earnings                       -*  
       Total        $               -*  
  Deduct treasury stock (30,000 shares at cost)       
  Total stockholders' equity          
             
             
  • 12 years ago
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