Kohler corporation reports the following components of stockholders’ equity at december 31, 2018. common stock—$10 par value, 100,000 shares authorized, 50,000 shares issued and outstanding $ 500,000 paid-in capital in excess of par value, common stock 80,000 retained earnings 430,000 total stockholders' equity $ 1,010,000 during 2019, the following transactions affected its stockholders’ equity accounts. jan. 2 purchased 5,000 shares of its own stock at $20 cash per share. jan. 5 directors declared a $6 per share cash dividend payable on february 28 to the february 5 stockholders of record. feb. 28 paid the dividend declared on january 5. july 6 sold 1,875 of its treasury shares at $24 cash per share. aug. 22 sold 3,125 of its treasury shares at $17 cash per share. sept. 5 directors declared a $6 per share cash dividend payable on october 28 to the september 25 stockholders of record. oct. 28 paid the dividend declared on september 5. dec. 31 closed the $428,000 credit balance (from net income) in the income summary account to retained earnings. required: 1. prepare journal entries to record each of these transactions. 2. prepare a statement of retained earnings for the year ended december 31, 2019. 3. prepare the stockholders’ equity section of the company’s balance sheet as of december 31, 2019.
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Business, 22.06.2019 07:10, carlybeavers50
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Business, 22.06.2019 17:40, briannagiddens
Adamson company manufactures four lines of garden tools. as a result of an activity analysis, the accounting department has identified eight activity cost pools. each of the product lines is produced in large batches, with the whole plant devoted to one product at a time. classify each of the following activities or costs as either unit-level, batch-level, product-level, or facility-level. activities (a) machining parts. (b) product design. (c) plant maintenance. (d) machine setup. (e) assembling parts. (f) purchasing raw materials. (g) property taxes. (h) painting.
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Kohler corporation reports the following components of stockholders’ equity at december 31, 2018. co...
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