Assignment Detail


Prepare the journal entries for howell

    Assignment Instructions

    Assignment ID: FG133136207

    Question – The stockholders’ equity of Howell Company at July 31, 2018 is presented below:

    Common stock, par value $20 (260,000 shares outstanding) $5,200,000

    Paid-in capital in excess of par – common stock 1,110,000

    Retained earnings 13,950,000

    Total Stockholders’ Equity $20,260,000

    On August 1, 2018, the board of directors of Howell declared a 15% stock dividend on common stock, to be distributed on September 15th. The market price of Howell’s common stock was $78 on August 1, 2018. Prepare the journal entries for Howell for both the date of declaration and the date of distribution.

    Need fresh solution to this Assignment without plagiarism?? Get Quote Now

    Expert Answer

    Asked by: Anonymous
    Plagiarism Checked
    Answer Rating:

    Plagiarism free Answer files are strictly restricted for download to the student who originally posted this question.

    Related Assignments

    Our customer support team is here to answer your questions. You can send Assignments directly to support team.
    👋 Hi, how can I help?