Manpasos
Apr 2, 2013, 03:44 PM
Can somebody help me with this entries?
The balance sheet for the clarke corporation reported the following components of equity on dec 31/2011
Common shares , unlimited shares authorized, 20000 shares issued and outstanding $460 000 Retained earnings 270 000 Equity. 730 000
In 2012 Clarke corporation had following transactions affecting shareholders and the equity accounts
Jan 5... the directors declared $4 / share cash dividend payable feb 28 to the feb 5 share
Feb 28... paid the dividend declared on January 5
July 6... sold 750 common shares at 48/share
Aug 22... sold 1250 common shares at 34/share
Sept 5... the directors declared a $4/share cash dividend payable on oct 28 to oct 5 shareholder
Oct 28... paid the dividend on sept 5
Dec 31 closed the &434000 credit balance in the income summary account
Dec 31 closed the cash dividends account
1.prepare journal entries to record the transactions and closings for 2012
2. Prepare a statement of changed in equity for the year ended dec 31 2012
3. Prepare the equity section of the corporations balance sheet ad of dec 31... 2012
The balance sheet for the clarke corporation reported the following components of equity on dec 31/2011
Common shares , unlimited shares authorized, 20000 shares issued and outstanding $460 000 Retained earnings 270 000 Equity. 730 000
In 2012 Clarke corporation had following transactions affecting shareholders and the equity accounts
Jan 5... the directors declared $4 / share cash dividend payable feb 28 to the feb 5 share
Feb 28... paid the dividend declared on January 5
July 6... sold 750 common shares at 48/share
Aug 22... sold 1250 common shares at 34/share
Sept 5... the directors declared a $4/share cash dividend payable on oct 28 to oct 5 shareholder
Oct 28... paid the dividend on sept 5
Dec 31 closed the &434000 credit balance in the income summary account
Dec 31 closed the cash dividends account
1.prepare journal entries to record the transactions and closings for 2012
2. Prepare a statement of changed in equity for the year ended dec 31 2012
3. Prepare the equity section of the corporations balance sheet ad of dec 31... 2012