Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercis0 8-16 on january 1, blue spruce corp. had

Exercis0 8-16 On January 1, Blue Spruce Corp. had 61,100 shares of no-par common stock...

80.2K

Verified Solution

Question

Accounting

image

Exercis0 8-16 On January 1, Blue Spruce Corp. had 61,100 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 Issued 9,900 additional sharos of common stock for $11 per sharo. June 15 Doclared a cash dividond of $1.70 por share to stockholdors of rocord on June 30 July 10 Paid the S1.70 cash dividend. Dec. 1 Issued 4,400 additional shares of common stock for $11 per share. Dec. 15 Declared a cash dividend on outstanding shares of $2.20 per share to stockholders of record on December 31 Prepare a tabular summary to record the three dates that involved dividends. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to 0 decimal places, e.g. 5,276) Liabilities + Stockholders' Equity Retained E Assets Cash Dividend Payable + + Revenue Dividend June 15s July 10 Dec. 15

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

please answer the following questions by typing, thanks. 1. How different is the measured volume from...

Psychology
1.2K views

Discuss in what ways phenomenologists criticize the representational view of perception. What do they offer as...

Accounting
1.2K views

Costs per Equivalent Unit Georgia Products Inc. completed and transferred 89,000 particle board units of production from...

Biology
1.2K views

Magnets and electromagnets can both be used to pick up metal items like iron nails...

Physics
1.2K views

A dipole of dipole moment P is placed at a distance x from the center...

Physics
1.2K views

A body is placed on an inclined place and has to be pushed down in...

Basic Math
1.2K views

40 30 20 10 60 50 40 10 20 30 40 D 40 30 20...

Statistics
1.2K views

Find the values of the variables that make the quadrilateral a para A D 7m...

Statistics
1.2K views

Many people feel that cereal is healthier alternative for children over glazed donuts The table...

Accounting
1.2K views

Required information The following information applies to the questions displayed below) Debra and Merina sell...

Accounting
1.2K views

Basler Ltd. incurs these expenditures in purchasing a truck: invoice price $42,000; installation of a...

Accounting
1.2K views

how is MAcRs deduction calculated in the year of disposition that has been depreciated using...