journalizing stock transactions

Sigchi4life
Category:
Accounting
Price: $10 USD

Question description

Common stock ($10 par)-50,000

in excess of PAR comcommon 30,000

retained earnings 127,400

Transaction: on December 15th 2011 the company declared the annual dividend of $2 per share on outstanding common stock. The dividend will be paid on January 15th 2012.

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(Top Tutor) Daniel C.
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School: University of Virginia
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