Situation
Wildhorse Tables acquired of the shares of common stock of Robot Sofas at a total cost of $ per share on April On August Robot Sofas declared and paid a $ cash dividend. On December Robot Sofas market price was $ per share and the company reported net income of $ for the year.
Situation
On January Indigo Company purchased of Santos Corporation outstanding shares of common stock at a total cost of $ per share. On October Santos declared and paid a cash dividend of $ per share. On December Santos reported a net income of $ for the year and the market price of its common stock was $ per share.
Prepare all necessary journal entries in for both situations. 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 for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.
Date Account Titles and Explanation Debit Credit
Situation : Wildhorse Tables
choose a transaction date Jan. Apr. Aug. Oct. Dec. 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 Jan. Apr. Aug. Oct. Dec. 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 Jan. Apr. Aug. Oct. Dec. enter an account title enter a debit amount enter a credit amount
enter an account title enter a debit amount enter a credit amount
Situation : Indigo Company
choose a transaction date Jan. Apr. Aug. Oct. Dec. 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 Jan. Apr. Aug. Oct. Dec. 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 Jan. Apr. Aug. Oct. Dec. enter an account title enter a debit amount enter a credit amount
enter an account title enter a debit amount enter a credit amount
