Kohler Corporation reports the following components of stockholders' equity on December 31, 2016: Ints
Common stock-$15 par value, 100,000 shares authorized,
45,000 shares issued and outstanding
Paid-in capital in excess of par value, common stock
Retained earnings
Total stockholders' equity
eBook
$ 675,000
60,000
400,000
$1,135,000
Print
In year 2017, the following transactions affected its stockholders' equity accounts.
References
Jan. 1 Purchased 5,000 shares of its own stock at $25 cash per share.
Jan. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5
record.
Feb. 28 Paid the dividend declared on January 5.
July 6 Sold 1,875 of its treasury shares at $29 cash per share.
Aug. 22 Sold 3, 125 of its treasury shares at $22 cash per share.
Sept. 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25
record.
28 Paid the dividend declared on September
Dec. 31 closed the $368,000 credit balance (from net income) in the Income Summary account to Reta
Required:
1. Prepare journal entries to record each of thoro tran
Oct.
I

Selected t-account balances for bloomfield company are shown below as of january 31, which reflect its accounting adjustments. the firm uses a calendar-year accounting period, but prepares monthly accounting adjustments.suppliesjan. 31 bal. 1,800 1,800 jan. 31 bal.supplies expensejan. 31 bal. 1,920 1,148 jan. 31 bal.prepaid insurancejan. 31 bal. 1,148 1,148 jan. 31 bal.insurance expensejan. 31 bal. 164 164 jan. 31 bal.wages payablejan. 31 bal. 1,400 1,400 jan. 31 bal.wages expensejan. 31 bal. 6,400 6,400 jan. 31 bal.truckjan. 31 bal. 17,376 17,376 jan. 31 bal.accumulated depreciation -truckjan. 31 bal. 5,068 5,068 jan. 31 bal.a. if the amount in supplies expense represents the january 31 adjustment for the supplies used in january, and $1,240 worth of supplies were purchased during january, what was the january 1 beginning balance of supplies? $answerb. the amount in the insurance expense account represents the adjustment made at january 31 for january insurance expense. if the original insurance premium was for one year, what was the amount of the premium, and on what date did the insurance policy start? amount of the premium $answerthe policy began on answerjune 1july 1august 1september 1october 1november 1 of the previous year.c. if we assume that no beginning balance existed in either in either wage payable or wage expense on january 1, how much cash was paid as wages during january? $answerd. if the truck has a useful life of four years (or 48 months), what is the monthly amount of depreciation expense, and how many months has bloomfield owned the truck? answermonths

What business practice contributed most to andrew carnegie’s ability to form a monopoly?

Type of deposit reserve requirementcheckable deposits $7.8 - 48.3 million 3%over $48.3 million 10noncheckable personal savings and time deposits 0refer to the accompanying table. if a bank has $60 million in savings deposits and $40 million in checkable deposits, then its required reserves are$1.2 million.