On January 1, 2021, Golden Corporation had 74,000 common shares, recorded at $594,000, and retained...
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Accounting
On January 1, 2021, Golden Corporation had 74,000 common shares, recorded at $594,000, and retained earnings of $1,073,000. During the year, the following transactions occurred:
Apr.
2
Issued 5,100 common shares at $20 per share.
June
15
Declared a cash dividend of $0.15 per share to common shareholders of record on June 30, payable on July 10.
Aug.
21
Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The shares were trading for $21 a share on August 21, $24 on September 5, and $25 on September 20.
Nov.
1
Issued 3,300 common shares at $24 per share.
Dec.
20
Declared a cash dividend of $0.20 per share to common shareholders of record on December 31, payable on January 10.
(a)
Record the above transactions for 2021. (Note: Closing entries are not required.) (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
choose a transaction date Apr. 2June 15July 10Aug. 21Sept. 20Nov. 1Dec. 20
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date Apr. 2June 15July 10Aug. 21Sept. 20Nov. 1Dec. 20
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date Apr. 2June 15July 10Aug. 21Sept. 20Nov. 1Dec. 20
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date Apr. 2June 15July 10Aug. 21Sept. 20Nov. 1Dec. 20
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date Apr. 2June 15July 10Aug. 21Sept. 20Nov. 1Dec. 20
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date Apr. 2June 15July 10Aug. 21Sept. 20Nov. 1Dec. 20
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date Apr. 2June 15July 10Aug. 21Sept. 20Nov. 1Dec. 20
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
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