Comprehensive
Included in the December 31, 2012, Jacobi Company balance sheet was the following shareholders' equity section:
The company engaged in the following stock transactions during 2013:
Prepare the following:
Jan 4
Dividends; Preferred ______________
Dividends;Common ______________
Cash ________________
Jan 5
Cash _______________
Preferred Stock;$100 Par ______________
Additional Paid in Cap;Pref ______________
Jan 22
Cash _______________
Common Stock;$5 Par ________________
Additional Paid in Cap;Common ________________
April 2
Cash _____________
Treasury Stock ______________
Additional Paid in Cap;Treasury Stock ______________
May 14
REtained Earnings _____________
Common Stock to Dist _______________
Additional Paid in Cap;Stock Dividend _______________
June 4
Retained Earnings ______________
Dividends Payable: Preffered ________________
June 29
Common Stock to Dist _______________
Common Stock;$5 Par ________________
July 5
Dividends Payable;Preferred _______________
Cash _________________
July 20
Memo Entry ______________
Memo Entry __________________
August 3
Declare Dividend
Loss on Disposible Invest _______________
Unreal.decrease in Value Avail for sale Sec ________________
Allow. for change in value of invest. ________________
Dividend Payable (Aug 3)
Retained Earnings __________________
Property Dividend Payable _________________
Sept 14
Property Dividend Payable _________________
Allow for change in value of invest _________________
Investment in Drot Co. Stocks _______________
Dec 3
Retained Earnings __________________
Dividends Payable;Preferred _________________
Dividends Payable;Common __________________
PART II
2. Prepare the December 31, 2013, shareholders' equity section (assume that 2013 net income was $270,000).
Contributed Capital
Preferred Stock (6%,$100 Par) $_________________
Additional Paid in Capital on Pref Stock _________________ $________________
Common Stock ($2.50 Par) $________________
Additional Paid in Cap. on Common Stock _________________ $________________
Additional Paid in Cap on Treasury Stock ________________
Additional Paid in Cap from Stock Dividend ________________
TOTAL CONTRIBUTED CAPITAL $_______________
REtained Earnings _______________
Accumulated other comprehensive income (loss)
Unrealized Decrease in value of avail for sale securities ________________
Total Contrib. Capital,retained earnings, and accum other compreh. income $_______________
(less) Treasury Stock _______________
Total Shareholder's Equity $______________