On January 1, Crane Corporation has 99,000 shares of no-per common stocked and outstanding. The stock has a stated value of 54 per share. During the year, the following occurred Apt 1 June 15 July 10 Dec 1 M Issued 25,500 additional shares of common stock for $17 per there Declarad a cash dividend of 51 per share to stackticidark of rected on 30 Paid the 51 cash dividend sed 3.000 donel shares of common stock to 519 per share Declared a cast divicand on cutstanding shares of $400 par share stockers ofrecordion Demo 31 Prepare the entries to record these transactions to entry is required, select "Ne entry to the antices and enter for the amount Recard journal entries in the order presented in the probi Creditaccount title inted when amount int indent manually) Date Account Titles and Explanation Debit Credit
On January 1, Crane Corporation has 99,000 shares of no-per common stocked and outstanding. The stock has a stated value of 54 per share. During the year, the following occurred Apt 1 June 15 July 10 Dec 1 M Issued 25,500 additional shares of common stock for $17 per there Declarad a cash dividend of 51 per share to stackticidark of rected on 30 Paid the 51 cash dividend sed 3.000 donel shares of common stock to 519 per share Declared a cast divicand on cutstanding shares of $400 par share stockers ofrecordion Demo 31 Prepare the entries to record these transactions to entry is required, select "Ne entry to the antices and enter for the amount Recard journal entries in the order presented in the probi Creditaccount title inted when amount int indent manually) Date Account Titles and Explanation Debit Credit
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings
Section: Chapter Questions
Problem 11SPA
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