The stockholders' equity section of Blue Corporation's balance sheet as of December 31, 2020 is...
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Accounting
The stockholders' equity section of Blue Corporation's balance sheet as of December 31, 2020 is as follows:
Stockholders' Equity
Common stock, $5 par value; authorized, 1,500,000 shares; issued, 300,000 shares
$1,500,000
Paid-in capital in excess of par
820,000
Retained earnings
3,130,000
$5,450,000
The following events occurred during 2021:
1.
Jan. 5
31,000 shares of authorized and unissued common stock were sold for $8 per share.
2.
Jan. 16
Declared a cash dividend of 20 cents per share, payable February 15 to stockholders of record on February 5.
3.
Feb. 10
40,000 shares of authorized and unissued common stock were sold for $11 per share.
4.
March 1
A 30% stock dividend was declared and issued. Fair value per share is currently $16.
5.
April 1
A two-for-one split was carried out. The par value of the stock was to be reduced to $2.50 per share. Fair value on March 31 was $18 per share.
6.
July 1
A 15% stock dividend was declared and issued. Fair value is currently $10 per share.
7.
Aug. 1
A cash dividend of 20 cents per share was declared, payable September 1 to stockholders of record on August 21.
Enter the above events into the following work sheet showing how each event affects the column. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Do not leave any answer field blank. Enter 0 for amounts.)
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