Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Indicate on the blanks below the effect

Indicate on the blanks below the effect

Indicate on the blanks below the effect (I = increase, D = decrease, NE = no effect) of a stock split on each of the items listed.

 

_____ 1. Assets

_____ 2. Balance of Common Stock account

_____ 3. Total contributed capital

_____ 4. Total retained earnings

_____ 5. Total stockholders' equity

_____ 6. Par value per share

_____ 7. Total number of shares outstanding

 

 

176.Elias Corporation has 40,000 shares of $10 par value common stock outstanding. Prepare entries in journal form without explanations for the following transactions. (Market value of the stock was $15.00 on December 16 and $15.50 on December 23.)

 

Dec.

16

 

Declared a 15 percent stock dividend.

 

23

 

Distributed the stock dividend.

 

30

 

Declared a 2-for-1 stock split.

 

 

 

 

 

 

 

 

 

 

 

 

 

General Journal

Page 1

Date

Description

Post.

Ref.

Debit

Credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dec 10 2019 View more View Less

Answer (UnSolved)

question Get Solution

Related Questions