Various dividendscarlyon company listed the following, Ask an Expert

Accounting

Various Dividends:

Carlyon Company listed the following equity items on December 31, 2012:

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During 2013, the following transactions occurred:

Required: Journal Entries:

Feb 2

Dividends Payables Preferred $___________

Dividends Payables Common $____________

Cash $_____________

March 5

Investment in Man company bonds $ ____________

Gain on Disposal of Investments $________________

Dividends

Retained Earnings $______________

Property Dividend Payable $__________________

April 5

Property dividend Payable $________________

Investment in Man company bonds $_________________

July 6

Retained Earnings $ ______________

Dividends Payable;Common $_________________

Dividends Payable;Preferred $_________________

August 17th

Dividends Payable Common $_______________

Dividends Payable Preferred $_______________

Cash $________________

October 15th

REtained Earnings $_______________

Common Stock to be Dist $_________________

Addit'l Paid in capital from stock dividend $_________________

December 3

Common Stock to be distributed $__________________

Common Stock $10 Par $________________

December 28th

Retained Earnings $_________________

Dividends Payable;Common $________________

Dividends Payable;Preferred $________________

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91729603

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