[Shay1031]

Paid cash dividends of $0.25 per share on the common stock. The dividend had been properly recorded when declared on December 28 of the preceding fiscal year for $35,000.

Sold all of the treasury stock for $360,000.

Issued 40,000 shares of common stock for $1,600,000.

Declared a 2% stock dividend on common stock, to be capitalized at the market price of the stock, which is $45 per share.

Issued the certificates for the dividend declared on July 30, which was (Declared 2% stock dividend on common stock, to be capitalized at the market price of the stock, which is $45 per share.)

Purchased 15,000 shares of treasury stock for $600,000.

Declared a $0.25-per share dividend on common stock.

Closed the credit balance of the income suummary account, $350,000.

Closed the two dividends accounts to Retained Earnings.

[excon]

Hello Shay:

You're not asking questions. I guess you think we can figure out what you want to know. Then you blast us with questions... ALL of which looks like homework, which we DON'T do.

Bummer for you, huh?

excon

[Fr_Chuck]

I deleted your first group of posts and have merged this group.

I really don't see any questions, just vague comments, please ask questions or do not post. Also if this is homework don't post it anyway.

If you do not come back and add more information on this, I will deleted this post shortly and have no choice but to temp ban you for posting a lot of non question posts