[Key code here]
An asterisk (*) will appear to the right of an incorrect entry. In T accounts, only final balances will be graded.
Enter a zero for the final balance if appropriate.
1., 2.
Jan. 1 Bal. Jan. 1 Bal.
Dec. 31 Bal.
Dec. 31 Bal.
Jan. 1 Bal. Dec. 31 Bal.
Dec. 31 Bal.
Dec. 31 Bal.
Jan. 1 Bal.
Dec. 31 Bal.
Dec. 31 Bal.
Dec. 31 Bal.
2.
Jan. 22
Apr. 10
June 6
July 5
Aug. 15
Nov. 23
Dec. 28
Stock Dividends
Common Stock
Paid-In Capital in Excess of Stated Value
Cash Dividends
Score:
0%
Key Code:
Problem 11-4A
Name:
Section:
Instructions
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Cells with non-gray backgrounds are protected and cannot be edited.
Retained Earnings
Treasury Stock
Paid-In Capital from Sale of Treasury Stock
Stock Dividends Distributable
31
31
3.
Retained earnings (January 1, 2014)
Net income
Less: Cash dividends
Stock dividends
Increase in retained earnings
Retained earnings (December 31, 2014)
4.
Paid-in capital:
Common stock, $20 stated value
(500,000 shares authorized, 468,000 shares issued)
Excess of issue price over stated value
Total paid-in capital
Retained earnings
Total
Deduct treasury stock (30,000 shares at cost)
Total stockholders’ equity
MORROW ENTERPRISES INC.
MORROW ENTERPRISES INC.
For the Period Ended December 31, 2014
Retained Earnings Statement
December 31, 2014
Stockholders’ Equity
Balance Sheet
An asterisk (*) will appear to the right of an incorrect entry. In T accounts, only final balances will be graded.
Enter a zero for the final balance if appropriate.
1., 2.
Jan. 1 Bal. 7,500,000 Jan. 1 Bal. 450,000 June 6 450,000
2.
Stock Dividends
Cash
Cash
Jan. 22 28,000
46,800
Cash Dividends Payable
Cash
Problem 11-4A
Name:
Section:
Solution
Treasury Stock
Score:
ON
Instructions
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Cells with non-gray backgrounds are protected and cannot be edited.
Common Stock