Shares of no-par common stock issued and outstanding

Assignment Help Financial Accounting

Reference no: EM131260458

On January 1, Vanessa Corporation had 61,600 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 Issued 13,230 additional shares of common stock for $12 per share. June 15 Declared a cash dividend of $1.60 per share to stockholders of record on June 30. July 10 Paid the $1.60 cash dividend. Dec. 1 Issued 8,440 additional shares of common stock for $12 per share. Dec. 15 Declared a cash dividend on outstanding shares of $2.00 per share to stockholders of record on December 31. (a) Prepare the entries, if any, on each of the three dates that involved dividends. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Reference no: EM131260458

Questions Cloud

What are some of the symptoms : What would this disorder look like in person? Make sure you relate this back to the DSM criteria. Find 1 article, book, or video that shows someone discussing his or her personal experience related to the disorder you chose. Discuss the impact of ..

What is the reliability of the new temperature controller : What is the reliability of the new temperature controller? - If you pay a premium, Wing says he can improve all four of the backup units to .93. What is the reliability of this option?

Find the total elongation of the rod : A steel rod having a cross-sectional area of 300 mm2 and a length of 150 m is suspended vertically from one end. The rod supports a tensile load of 20 kN at its free end. Given that the mass density of steel is 7850 kg/m3 and E = 200 GPa, find the..

What is the reliability of the system : Elizabeth Irwin's design team has proposed the following system with component reliabilities as indicated: - What is the reliability of the system?

Shares of no-par common stock issued and outstanding : On January 1, Vanessa Corporation had 61,600 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 Issued 13,230 additional shares of common st..

Will your company be able to avoid bankruptcy : Your engineering company debt is adding up and the company is about to go into bankruptcy in two years. In an attempt to save the company from its $13,000 debt, for the next two years, every quarter you deposit $1, 500 Into an IRA Roth that pays out ..

Describe how well that leader manages both those dimensions : Do you think communication is more important to leaders now than it was in Hitler's and FDR's time? Explain why you think so or why you disagree. Who is a more current charismatic leader that you know of, and how are they similar to Hitler or FDR ..

Briefly describe how a photovoltaic cell works : Briefly describe how a photovoltaic cell works. Describe (with values) the effect of latitude on the amount of solar energy available in December in the northern and southern hemispheres.

What is the reliability of the system : A medical control system has three components in series with individual reliabilities. - What is the reliability of the system.

User Account

All Pages