Problem 15-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler Corporation report

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Problem 15 2a Cash Dividends Treasury Stock And Statement Of Retained Earnings Lo C3 P2 P3 Kohler Corporation Report 1 (45.76 KiB) Viewed 102 times

Problem 15 2a Cash Dividends Treasury Stock And Statement Of Retained Earnings Lo C3 P2 P3 Kohler Corporation Report 2 (48.42 KiB) Viewed 102 times

Problem 15 2a Cash Dividends Treasury Stock And Statement Of Retained Earnings Lo C3 P2 P3 Kohler Corporation Report 3 (48.42 KiB) Viewed 102 times

Problem 15 2a Cash Dividends Treasury Stock And Statement Of Retained Earnings Lo C3 P2 P3 Kohler Corporation Report 4 (56.84 KiB) Viewed 102 times

Problem 15 2a Cash Dividends Treasury Stock And Statement Of Retained Earnings Lo C3 P2 P3 Kohler Corporation Report 5 (22.61 KiB) Viewed 102 times

Problem 15 2a Cash Dividends Treasury Stock And Statement Of Retained Earnings Lo C3 P2 P3 Kohler Corporation Report 6 (21.2 KiB) Viewed 102 times

Problem 15-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler Corporation reports the following components of certy Dec 31, 2011 per valut100,ware that 10,000 share and hal la pena 10.00 During 2013, the forewing action des stockholdeneguilty accounts car a les per 1 tetorelare per le at they were . read the dividende. sly har a, et ter har ettre led **t the heat dette Dec. Com the balance in the Required Prepare your res to record of these actions 2. Prepare a statement of caring for the year ended December 2017 3. Precare te stockholders equity action of the company's balance sheets of December 31, 2019 General 1 Two Common 0.000 Cash . 2 RO Carandadaye போன கங்காளம்) Cu F 132.00 . NO 49 Toka 13700 5 Aug 20 Cal in Truck Ford OOOOOOOOOOO Oo oo TO . 1. M. . Seos 22. Common didende 24 20 MO Cash 20. Dar | 100 Rutare . 1 daw Prepare a meno retained earnings for the year and December 3, 2013. Are Inc KONCER CORPORATION Bestand w Yorum t.2018 THawing #កគេ Hyg. Os AN La Caddesi Las Tres Endring med O2 Required Reind 2 Required Prepare the stockholders outy section of the company's belance sheet as of December 31, 2019, MONLER CORPORATION Hohe Equity Bu Malance Sheet D. Common-315 per Pince ge To
Problem 11-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$15 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 600,000 80,000 460,000 $1,140,000 Jan. Jan. record. Feb. Aug. During 2019, the following transactions affected its stockholders' equity accounts. 2 Purchased 4,500 shares of its own stock at $20 cash per share. 5 Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of 28 Paid the dividend declared on January 5. July 6 Sold 1,688 of its treasury shares at $24 cash per share. 22 Sold 2,812 of its treasury shares at $17 cash per share. Sept. 5 Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28 Paid the dividend declared on September 5. Dec. 31 Closed the $368,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31, 2019. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019.
Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. No General Journal Treasury stock, Common Cash Date Credit Debit 90,000 1 Jan 02 90,000 2 Jan 05 182,000 Retained earnings Common dividend payable 182,000 3 Feb 28 Common dividend payable Cash 182,000 182,000 4 Jul 06 40,512 Cash Treasury stock, Common Paid-in capital, Treasury stock O 33,760 6,752 5 Aug 22 Cash Paid-in capital, Treasury stock Retained earnings Treasury stock, Common 47,804 6,752 1,684 56,240 OOO pl 6 Sep 05 224,960 Retained earnings Common dividend payable 224,960 7 Oct 28 224.960 Common dividend payable Cash 224,960 8 Dec 31 368,000 Income summary Retained earnings 368,000
Required 1 Required 2 Required 3 Prepare a statement of retained earnings for the year ended December 31, 2019. (Amounts to be deducted should be indicated by a minus sign.) KOHLER CORPORATION Statement of Retained Earnings For Year Ended December 31, 2019 Beginning retained earnings $ 460,000 Add: Not income 368,000 828,000 Less: Cash dividends declared Less: Treasury stock reissuances (1,684) Ending retained earnings 826,316
Required 1 Required 2 Required 3 Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019. KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2019 Common stock - $15 par value Paid-in capital in excess of par value, common stock Total contributed capital 0 Retained earnings Total stockholders' equity > 0