Reporting stockholders' equity items on statement of cash flows On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year. ACCOUNT Common Stock, $40 par ACCOUNT NO. Balance Balance Debit Credit Date January 1 Balance, 120,000 shares April 2 June 30 Date January 1 Balance April 2 June 30 ACCOUNT Paid-In Capital in Excess of Par-Common Stock ACCOUNT NO. NO. Date 30,000 shares issued for cash 5% stock dividend January 1 June 30 Item ACCOUNT Retained Earnings Item Item 30,000 shares issued for cash Stock dividend Item Balance Stock dividend 450,000 December 30 Cash dividend 315,000 December 31 Net income Sale of common stock Cash dividend Stock dividend Debit Credit 5 more Check My Work uses remaining. Debit Credit 1,200,000 300,000 Debit Credit Debit 1,000,000 720,000 150,000 Balance Balance Credit 4,800,000 6,000,000 6,300,000 360,000 1,080,000 1,230,000 ACCOUNT Balance Balance Debit Credit If an amount is not reported on the statement of cash flows, enter in "0" in the Amount column. Section of Statement of Cash Flows Added or Deducted Amount $ $ $ 2,000,000 1,550,000 1,235,000 2,235,000
