Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following...
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Accounting
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, $5 par
ACCOUNT NO.
Balance
Date
Item
Debit
Credit
Debit
Credit
Jan.
1
Balance, 55,000 shares
275,000
Apr.
2
13,750 shares issued for cash
68,750
343,750
June
30
2,000-share stock dividend
10,000
353,750
ACCOUNT Paid-In Capital in Excess of Par-Common Stock
ACCOUNT NO.
Balance
Date
Item
Debit
Credit
Debit
Credit
Jan.
1
Balance
165,000
Apr.
2
13,750 shares issued for cash
178,750
343,750
June
30
Stock dividend
7,500
351,250
ACCOUNT Retained Earnings
ACCOUNT NO.
Balance
Date
Item
Debit
Credit
Debit
Credit
Jan.
1
Balance
228,000
June
30
Stock dividend
17,500
210,500
Dec.
30
Cash dividend
26,200
184,300
Dec.
31
Net income
164,200
348,500
If an amount is not reported on the statement of cash flows, enter in "0" in the Amount column.
Item
Section of Statement of Cash Flows
Added or Deducted
Amount
Sale of common stock
$
Cash dividend
$
Stock dividend
$
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