Pumpkin Accounting Corp began the year with 1,000,000 authorized and 214,000 sued an outstanding or common shares. Durin

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: Pumpkin Accounting Corp Began The Year With 1 000 000 Authorized And 214 000 Sued An Outstanding Or Common Shares Durin 1 (23.53 KiB) Viewed 41 times

: Pumpkin Accounting Corp Began The Year With 1 000 000 Authorized And 214 000 Sued An Outstanding Or Common Shares Durin 2 (19.81 KiB) Viewed 41 times

: Pumpkin Accounting Corp Began The Year With 1 000 000 Authorized And 214 000 Sued An Outstanding Or Common Shares Durin 3 (21.33 KiB) Viewed 41 times

: Pumpkin Accounting Corp Began The Year With 1 000 000 Authorized And 214 000 Sued An Outstanding Or Common Shares Durin 4 (38.01 KiB) Viewed 41 times

: Pumpkin Accounting Corp Began The Year With 1 000 000 Authorized And 214 000 Sued An Outstanding Or Common Shares Durin 5 (38.01 KiB) Viewed 41 times

: Pumpkin Accounting Corp Began The Year With 1 000 000 Authorized And 214 000 Sued An Outstanding Or Common Shares Durin 6 (33.61 KiB) Viewed 41 times

: Pumpkin Accounting Corp Began The Year With 1 000 000 Authorized And 214 000 Sued An Outstanding Or Common Shares Durin 7 (34.95 KiB) Viewed 41 times

Pumpkin Accounting Corp began the year with 1,000,000 authorized and 214,000 sued an outstanding or common shares. During the yempianteved to the flower a. Declared a 50.40 per-share cash dividend on March 10 b. Paid the $0.40 por are dividend an April 10, Repurchased 1.000 common shares at a cost of 524 each on May 2 d. Sold 3,000 unistud common shares for $26 per share on June 9. Declared a 10.55 per share cath dividend on August 10 t. Paid the $0.55 pershare dividend on September 10 9. Declared and paid a 10% stock dividend on October 15 when the market price of the common stock was $211 per share. - Declared a $0.00 per share cash dividend on November 10, Paid the $0.60 per-share dividenc on December 10. Required: 1. Prepare journal entre for each of these transactions on amount box does not requre an entry, leave Bank Round your answers to the nearest dollar a. Mar 10 Dividends Dedinte 23,4 Dividends Payable ✓ 1,400 . 9 b. Apr 10 Dividends Payable Cash 30 LIVIE ✓ 192.000 - Mara TARY Store Cash ✓ 192,000 Cash
d. June 9 Sesh Common Stock Additional Paid-In Capital-Common Stock e. Aug. 10 Dividends Declared Dividends Payable 1. Sept. 10 Dividends Payable ✓ Cash ✓ II II III II II III III. DI II III II II 9. Oct. 15 Dividends Declared Common Stock ✓ Additional Paid-In Capital Common Stock ✓ h. Nov. 10 Dividends Declared Dividends Payable 1. Dec. 10 Dividends Payable Cash
2. Determine the total colar amount of divide and stock for the year 3. Concept Connection Determine the effect on total sets and to stockholdere equity of the dividend transactions Note the followig 1. Ir applicable, select the dividend transaction effect (co Affects assets, "Afects stockholders' auto effect' ce "Mit a dividend transaction" 2. Enter decreases in assets or equity as negative number 3. If a cell does not require an answer, leave blank Transaction Effect on Assets Effect on Stockholders' Equity d. 1 9 Totaltect
Common Dividends Pumpkin Accounting Corp. began the year with 1,000,000 authorized and 234,000 issued and outstanding $10 par common shares. During the year, Pumoran entered to the following transactions a. Declared a $0.40 per share cash dividend on March 10. D. Pald the $0.40 per share dividend on April 10. c. Repurchased 8,000 common shares at a cost of $24 each on May 2 d. Sold 3,000 unissued common shares for $26 per share on June 9. e Declared a $0.55 per share cash dividend on August 10. Paid the $0.55 per share dividend on September 10 9. Declared and paid a 10% stock dividend on October 15 when the market price of the common stock was $28 per share h. Declared a $0.60 per share cash dividend on November 10. 1. Paid the $0.60 per-share dividend on December 10. Required: 1. Prepare Journal entries for each of these transactions. If an amount box does not require an entry leave it blank. Round your answers to the nearest dollar. a. Mar. 10 Dividends Declared 93.600 Dividends Payable 93.600 93.000 b. Apr. 10 Dividends Payable 9.00 Cash 192.000 C. May 2 Treasury Stock 192.000
d. June 9 78,000 Cash Common Stock 72,000 X Additional Paid-In Capital-Common Stock ✓ 6.000 X c. Aug. 10 Dividends Declared 124,100 X Dividends Payable ✓ 124.300X 124.300 X f. Sept. 10 Dividends Payable Cash ✓ 124.200 X 632.800 x 9. Oct. 15 Dividends Declared ✓ Common Stock Additional Paid In Capital.Common Stock 225.000 X 406,500 X 135.600 x h. Nov. 10 Dividends Declared Dividends Payable ✓ 135.600 X 1. Dec. 10 Dividends Payable 135.600 X Cash 135,600 X
2. Determine the total dollar amount of vidends (cash and stock) for the year 985,100 X 3. Conceptual Connection: Determine the effect on total assets and total stockholders' equity of the dividend transactions Note the following 1. If applicable, select the dividend transaction effect (eg. "Affects assets", "Affects stockholders' equity", "No effect" or "Not a dividend transaction"). 2. Enter decreases in assets or equity as negative numbers 3. Ir a cell does not require an answer, leave it blank. Transaction Effect on Stockholders' Equity Effect on Assets a Affects stockholders' equity 92,400 x b Affects assets C Nota dividend transaction ✓ d. Not a dividend transaction - Affects stockholders' equity Affects assets No effect Affects stockholderslevity h ✓ Affects assets ✓ Total effect