Reporting Stockholders’ Equity Items on Statement of Cash Flows On the basis of the following stockh

Reporting Stockholders’ Equity Items on Statement of Cash Flows

On the basis of the following stockholders’ equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows There were no unpaid dividends at either the beginning or the end of the year

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ACCOUNT Common Stock, $10 par ACCOUNT NO
Balance
Date Item Debit Credit Debit Credit
2016
Jan 1 Balance, 50,000 shares 500,000
Mar 7 12,500 shares issued for cash 125,000 625,000
June 30 2,000-share stock dividend 20,000 645,000

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ACCOUNT Paid-In Capital in Excess of Par-Common Stock ACCOUNT NO
Balance
Date Item Debit Credit Debit Credit
2016
Jan 1 Balance 100,000
Mar 7 12,500 shares issued for cash 287,500 387,500
June 30 Stock dividend 15,000 402,500

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ACCOUNT Retained Earnings ACCOUNT NO
Balance
Date Item Debit Credit Debit Credit
2016
Jan 1 Balance 415,000
June 30 Stock dividend 35,000 380,000
Dec 30 Cash dividend 47,700 332,300
Dec 31 Net income 298,800 631,100

If an amount is not reported on the statement of cash flows, enter in “0” in the Amount column

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Item Section of Statement of Cash Flows Added or Deducted Amount
Sale of common stock Financing activities section Added $
Cash dividend Financing activities section Deducted $
Stock dividend Not reported on statement of cash flows Not applicable

$

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