Reporting Stockholders' Equity Items on Statement of Cash
Flows
On the basis of the following stockholders' equity accounts,
indicate the items, exclusive of net income, to be reported on the
statement of cash flows. There were no unpaid dividends at either
the beginning or the end of the year.
| ACCOUNT Common Stock, $5
par |
ACCOUNT NO. |
|
|
|
|
Balance |
| Date |
Item |
Debit |
Credit |
Debit |
Credit |
| Jan. |
1 |
|
|
Balance, 55,000 shares |
|
|
|
|
275,000 |
|
| Apr. |
2 |
|
|
13,750 shares issued for cash |
|
|
68,750 |
|
|
|
343,750 |
|
| June |
30 |
|
|
2,000-share stock dividend |
|
10,000 |
|
|
|
353,750 |
|
| ACCOUNT Paid-In Capital in Excess of
Par-Common Stock |
ACCOUNT NO. |
|
|
|
|
Balance |
| Date |
Item |
Debit |
Credit |
Debit |
Credit |
| Jan. |
1 |
|
|
Balance |
|
|
|
|
220,000 |
|
| Apr. |
2 |
|
|
13,750 shares issued for cash |
|
|
247,500 |
|
|
|
467,500 |
|
| June |
30 |
|
|
Stock dividend |
|
7,500 |
|
|
|
475,000 |
|
| ACCOUNT Retained
Earnings |
ACCOUNT NO. |
|
|
|
|
Balance |
| Date |
Item |
Debit |
Credit |
Debit |
Credit |
| Jan. |
1 |
|
|
Balance |
|
|
|
|
228,000 |
|
| June |
30 |
|
|
Stock dividend |
17,500 |
|
|
|
|
|
210,500 |
|
| Dec. |
30 |
|
|
Cash dividend |
26,200 |
|
|
|
|
|
184,300 |
|
| Dec. |
31 |
|
|
Net income |
|
164,200 |
|
|
|
348,500 |
|
If an amount is not reported on the statement of cash flows,
enter in "0" in the Amount column.
| Item |
Section of Statement of Cash Flows |
Added or Deducted |
Amount |
| Sale of common stock |
Financing activities section |
Added |
$ |
| Cash dividend |
Financing activities section |
Deducted |
$ |
| Stock dividend |
Not reported on statement of cash flows |
Not applicable |
$ |
