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QUESTION

Carlyon Company listed the following equity items on December 31, 2012: During 2013, the following transactions occurred: Dec 3 Answer Required

Carlyon Company listed the following equity items on December 31, 2012:

During 2013, the following transactions occurred:

Dec 3 Answer Required                                                          Debit                                                Credit                                                       

Common stock to Be distributed                                            xxxxxx

Common stock, $10 par                                                                                                                  xxxxxx

Dec 28 Answer Required                                                       Debit                                      Credit

Retained Earnings                                                                     xxxxxx          

Dividends Payable Preferred                                                                                                 xxxxxx

Dividends Payable Common                                                                                                  xxxxxx                                  

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***** stock ** ** *********** = ****** ***** * Stock dividend ********** * number ** ****** *********** = ** * ** * ********* = ** * 2/100 * ***** * ** * *** * ******** * ******* *********** ***** ** ** DistributedDr17600 Common stock * ** parCr8000 Additional paid in ******* common ************ ** record issuance ** stock dividend)Common stock at *** * *** ***** * ***** ******** percentage * ****** of shares *********** * 10 * ***** * ***** * ******* ** ******* ************* EarningsDr52000 ********* ******* ***************** ************ ********* ******* ***************** * 400000/10)( ** ****** *********** ** **** ****** **** *********

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