Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
Copyright © 2016 Pearson Education, Inc.
19-17
PROBLEM 19B-3
(1)
PLAIN VIEW CORPORATION
GENERAL JOURNAL
PAGE 3
Date
201X
Account Titles and Description
PR
Dr.
Cr.
June
7
Treasury Stock
29
7
0
0
00
Cash
29
7
0
0
00
19
Retained Earnings
3
2
7
0
00
Dividends Payable
3
2
7
0
00
July
16
Dividends Payable
3
2
7
0
00
Cash
3
2
7
0
00
Sept.
6
Cash
13
6
8
0
00
Treasury Stock
10
2
6
0
00
Paid-in Capital from Treasury Stock
3
4
2
0
00
26
Cash
18
7
2
0
00
Paid-in Capital From Treasury Stock
7
2
0
00
Treasury Stock
19
4
4
0
00
Oct.
9
Retained Earnings
28
0
8
0
00
Common Stock Dividend Distributable
17
2
8
0
00
Paid-in Capital in Excess of Par
Value-Stock Dividend
10
8
0
0
00
Dec.
31
Income Summary
56
0
0
0
00
Retained Earnings
56
0
0
0
00
Copyright © 2016 Pearson Education, Inc.
19-18
PROBLEM 19B-3 (CONTINUED)
(2)
PLAIN VIEW CORPORATION
STOCKHOLDERS' EQUITY
Paid-in Capital:
Common Stock, $24 par value, authorized
48,000 shares, 12,000 issued and
outstanding
$288
0
0
0
00
Common Stock Dividend Distributable
17
2
8
0
00
$305
2
8
0
00
Additional Paid-in Capital:
Paid-in Capital in Excess of Par Value —
Common
66
0
0
0
00
Paid-in Capital in Excess of Par Value —
Stock Dividend
10
8
0
0
00
Paid-in Capital from Treasury Stock
2
7
0
0
00
Total Additional Paid-in Capital
79
5
0
0
00
Total Paid-in Capital
384
7
8
0
00
Retained Earnings
182
6
5
0
00
Total Stockholders' Equity
$567
4
3
0
00
PROBLEM 19B-3 (CONCLUDED)
(3)
PLAIN VIEW CORPORATION
STATEMENT OF RETAINED EARNINGS
Copyright © 2016 Pearson Education, Inc.
19-20
PROBLEM 19B-4
(1)
PIEROTTI CORPORATION
GENERAL JOURNAL
PAGE 12
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Oct.
3
Retained Earnings
4
7
2
0
00
Dividends Payable
4
7
2
0
00
Nov.
15
Dividends Payable
4
7
2
0
00
Cash
4
7
2
0
00
18
Treasury Stock
6
0
0
0
00
Cash
6
0
0
0
00
25
Cash
1
8
0
0
00
Treasury Stock
1
5
0
0
00
Paid-in Capital from Treasury Stock
3
0
0
00
Nov.
26
Retained Earnings
28
7
2
8
00
Common Stock Dividend Distributable
2
0
5
2
00
Paid-in Capital in Excess of Par Value—Stock
Dividend
26
6
7
6
00
Dec.
29
Common Stock Dividend Distributable
2
0
5
2
00
Common Stock
2
0
5
2
00
30
Cash
7
0
0
00
Paid-in Capital from Treasury Stock
5
0
00
Treasury Stock
7
5
0
00
31
Income Summary
86
0
0
0
00
Retained Earnings
86
0
0
0
00
Copyright © 2016 Pearson Education, Inc.
19-21
PROBLEM 19B-4 (CONCLUDED)
(2)
PIEROTTI CORPORATION
STOCKHOLDERS' EQUITY
Paid-in Capital
Preferred Stock 13.75% stock, $8 par value,
authorized 5,800 shares 3,200 shares
issued and outstanding
$25
6
0
0
00
Common Stock $3 par value, authorized
20,000 shares, 6,684 shares issued
and 6,434 shares outstanding; 250
shares Treasury
20
0
5
2
00
Additional Paid-in Capital:
Paid-in Capital in Excess of Par Value-Preferred
$8
0
0
0
00
Paid-in Capital in Excess of Par Value –
Common
4
0
0
0
00
Paid-in Capital in Excess of Par Value --
Stock Dividend
29
1
7
6
00
Paid-in Capital from Treasury Stock
2
5
0
00
Total Additional Paid-in Capital
41
4
2
6
00
Total Paid-in Capital
87
0
7
8
00
Retained Earnings
262
5
5
2
00
Deduct: Treasury Stock
3
7
5
0
00
Total Stockholders' Equity
$345
8
8
0
00
FINANCIAL REPORT PROBLEM SOLUTION—2013 Kellogg’s Annual Report
Cost of Treasury Stock
2013 $2,999 million
2012 2,943 million
