journalizing stock transactions

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.

Tutor Answer

(Top Tutor) Daniel C.
School: University of Virginia
Studypool has helped 1,244,100 students
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1821 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors