1000

-

 




A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a 2% stock dividend on a date when the market price was $11 per share. Journalize the entries to record the declaration of the dividend and the issuance of stock certificates



Company X earned a net income of $100,000 to be divided as follows:
Partner A receives a monthly salary allowance of $6,000.
Partner B receives a monthly salary allowance of $4,000.
Interest of 10% on each partner's capital balances.
Capital, Partner A $150,000
Capital, Partner B $100,000
Remaining income divided equally.

Comments

Post a Comment

Popular posts from this blog

Girl Cross Body Bag

-
Image
  price/PKR1100.00 •  Material: PU Leather •  Material: PU Leather •  Pattern: Texture •  Gender: Girl's •  Number Of Pieces: 1 Pc •  Product Feature: Minimal •  Color: Multicolor •  Package Includes: 1 x Crossbody Bag •  Length: 18.5 Inches •  Width: 14 Inches •  Note: There might be an error of 1-3 cm due to manual measurement, and slight color differences may occur as a result of varying lighting and monitor effects. •  Product Code: MZ37220010SKMG
Read more

3 pcs Women's unstitched Khaddar Embroidered

-
Image
price/PKR3130.00 3pcs Women's unstitched Khaddar  •  Fabric: Khaddar  •  Neckline: Embroidered •  Sleeves: Printed •  Trouser: Embroidered •  Dupatta: Printed Pashmina Shawl •  Cuttings: Shirt: 2.5 Gazz, Trouser: 2.5 Gazz •  Season: Winters •  Package Includes: 1 x Shirt, 1 x Trouser •  Note: There might be an error of 1-3 cm due to manual measurement, and slight color differences may occur as a result of varying lighting and monitor effects. •  Product Code: MZ18601624GWART  
Read more