I need the journal entry for this
On january 1 2014 calvin corporation already has 80000 shares of $1 par-value common stock issued and outstanding.?
Mar 1 Issued an additional 60,000 shares of common stock for $700,000
Jun 1 Declares a cash dividend of $3.25 per share to stockholders of record on June 15
Jun 30 Paid the $3.25 cash dividend
Dec 1 Purchased 20,000 shares of common stock for the treasury for $18 per share
Dec 15 Declared a cash dividend on outstanding shares of $3.00 per share to stockholder record on Dec29
Dec 31 Declared a 2 for 1 stock split
Dec 31 Close net income and retained earnings
Net income for 2013 was $500,000
I am an ACCA (UK) professional , APA and Mcom finance.
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