PRACTICA1 PRACTICA2 PRACTICA3 PRACTICE PRACTICE TWO On January 1, 2021, Haylet Company had the following...
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PRACTICA1 PRACTICA2 PRACTICA3 PRACTICE PRACTICE TWO On January 1, 2021, Haylet Company had the following stockholders' equity section of the Balance Sheet Common Stock, $10 par value, 300,000 stock authorized 260,000 shares issued and outstanding Paid - in Capital in Excess of Par - Common Stock Retained Earnings Total Stockholders' Equity $2,600,000 1.500,000 4,000,000 $8,100,000 During the year, the following transactions occurred. 1-feb. Declared a $1.50 cash dividend per share to stockholders of record on March 15, and payable April 1. 15-mar. Record dividend of Feb 1. 1-abr. Paid dividend of Feb 1. 1-ago. Declared a 10% stock dividend to stockholderss of record on August 15, and distributable August 20. On August 1. the market value of the stock was $12 per share. 15-ago. Record dividend of Aug. 1 20-ago. Distributable dividend of Aug 1 15-sep. Issued common stock for $20,2,000 shares. 1-nov. Declated a $3 per share dividend to stockholders of record on December 5 and paid on December 15. 5-dic. Record dividend of Nov 1. 15-dic. Paid dividend of Nov I. 31-dic. Determined that net income for the year was $700,000
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