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I need help filling this out On january 1,2012,kristen corporation had the follo

ID: 2363614 • Letter: I

Question

I need help filling this out

On january 1,2012,kristen corporation had the following stockholders equity accounts. Common stock ($24 par value ,55,000shares issued and out standing paid - in capital in express of par value Retained earnings. During the year the following transaction accured Feb. 1 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 2-for-l stock split. Prior to the split, the market price per share was $32. July 1 Declared a 12 %stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $18 per share. July 31 Issued the shares for the stock dividend. Dec. 1 Declared a $0.5 per share dividend to stockholders of record on December 15, payable January 5, 2013. Dec. 31 Determined that net income for the year was $332,570. Enter the beginning balances, and post the entries to the stockholders' equity accounts. (Note: Open additional stockholders' equity accounts as needed.)

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