11. On January 1, 2013, Greene Corporation had the following account balances in its shareholders'...
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11. On January 1, 2013, Greene Corporation had the following account balances in its shareholders' equity accounts.
During 2013, Greene Corporation had several transactions relating to common stock. Required: Record the above transactions and events in journal entry format.
Please include all calculations and dates :)
Common stock, $1 par, 250,000 shares issued Paid-in capitalexcess of par, common Paid-in capitalexcess of par, preferred Preferred stock, $100 par, 10,000 shares outstanding Retained earnings Treasury stock, at cost, 5,000 shares 250,000 500,000 100,000 1,000,000 2,000,000 25,000 April 10: January 15: Declared a property dividend of 100,000 shares of Slowdown Company (book value $10 per share, market value $9 per share). February 17: Distributed the property dividend. A 2-for-1 stock split was declared and distributed on outstanding common stock and effected in the form of a stock dividend. The market value of the stock was $4 on this date. Declared and distributed a 3% stock dividend on outstanding common stock; market value per share, $5. December 1: Declared a 50 cents per share cash dividend on the outstanding common shares. December 20: Paid the cash dividend. July 18
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