Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following...
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Accounting
Reporting Stockholders' Equity Items on Statement of Cash Flows
On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year.
ACCOUNT Common Stock, $5 par
ACCOUNT NO.
Balance
Date
Item
Debit
Credit
Debit
Credit
Jan.
1
Balance, 45,000 shares
225,000
Apr.
2
11,250 shares issued for cash
56,250
281,250
June
30
2,000-share stock dividend
10,000
291,250
ACCOUNT Paid-In Capital in Excess of Par-Common Stock
ACCOUNT NO.
Balance
Date
Item
Debit
Credit
Debit
Credit
Jan.
1
Balance
135,000
Apr.
2
11,250 shares issued for cash
191,250
326,250
June
30
Stock dividend
7,500
333,750
ACCOUNT Retained Earnings
ACCOUNT NO.
Balance
Date
Item
Debit
Credit
Debit
Credit
Jan.
1
Balance
187,000
June
30
Stock dividend
17,500
169,500
Dec.
30
Cash dividend
21,500
148,000
Dec.
31
Net income
134,600
282,600
If an amount is not reported on the statement of cash flows, enter in "0" in the Amount column.
Item
Section of Statement of Cash Flows
Added or Deducted
Amount
Sale of common stock
$
Cash dividend
$
Stock dividend
$
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