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  3. on january 1,2022, blossom corporation had the fol

On January 1,2022, Blossom Corporation had the following stockholders' equity accounts. During the year, the...

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Accounting

imageimageimageimage On January 1,2022, Blossom Corporation had the following stockholders' equity accounts. During the year, the following transactions occurred. Feb. 1 Declared a \$1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 2 -for- 1 stock split. Prior to the split, the market price per share was $40. July 1 Declared a 10\% stock dividend to stockholders of record on July 15, distributable July 31 . On July 1, the market price of the stock was $14 per share. 31 Issued the shares for the stock dividend. Dec. 1 Declared a $0.30 per share dividend to stockholders of record on December 15, payable January 5, 2023. 31 Determined that net income for the year was $388,000. Enter the beginning balances, and post the entries to the stockholders' ecuity accounts. (Note: Open additional stocldholders' squity accounts as nasded.) (Post entries in the order of journal entries presented in the previous part) Prepare a stockholders' equity section at December 31 . (Enter account name only and do not provide descriptive information.) BLOSSOM CORPORATION Balance Sheet (Partial)

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