Saturday, 7 March 2015

Assignment 10: Akawnting

Retained Earnings


Problem # 1.

 Lam-ang's board of directors declared a P 710,000 cash dividend on October 5, 2015.  The board decided to include all shareholders as of November 5, 2015, beyond the date would no longer entitle the shareholder to receive any dividend declared on October 5, 2015.  On December 20, 2015, the shareholders received their share of the profit.

Required:

Prepare the necessary journal entries to record the above transactions.

Problem # 2

Pinoy Corporation's board of directors declared on December 1, 2014 a property dividend of a"one-bedroom flat" for each of the five original shareholders.  The property dividend is payable on January 31, 2015.

On December 1, 2014, the carrying amount of a one-bedroom flat is P 1,000,000 and the fair value is P 1,500,000.  However, the fair value is P 1,800,000 on December 31, 2014 and P 1,900,000 on January 31, 2015.

Required:

  1. Prepare the entry on December 1, 2014
  2. Prepare the entry on December 31, 2014
  3. Prepare the entries on January 31, 2015
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65 comments:

  1. Unknown8 March 2015 at 07:09

    Date
    2015 Account Title Debit Credit
    Oct 5 Retained Earnings
    Cash Dividends Payable
    To record declaration of dividend. 710,000
    710,000
    Dec 20 Cash Dividends Payable
    Cash
    To record payment of dividend. 710,000
    710,000
    1.


    2.
    Date Account Title Debit Credit
    Dec. 1, 2014 Retained Earnings
    Property Dividends Payable
    To record declaration of dividend. 7,500,000
    7,500,000
    Dec 31, 2014 Retained Earnings
    Property Dividends Payable
    To record adjustment on property. 1,500,000
    1,500,000
    Jan 31, 2014 Retained Earnings
    Property Dividends Payable
    To record adjustment on property. 500,000
    500,000

     Property Dividends Payable
    Property
    Gain on Distribution of Property Dividends
    To record distribution of dividend. 9,500,000
    5,000,000
    4,500,000

    ReplyDelete
  2. Unknown8 March 2015 at 20:14

    MARCELO T. GREFIEL III BSA 1B

    PROBLEM #1
    2010
    Oct. 5 Cash Dividends Declared 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividends.

    Nov. 5 Cash Dividends Payable 710,000
    Cash 710,000
    To record payment of dividends.

    PROBLEM #2
    2014
    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declaration of dividends.

    Dec. 31 Retained Earnings 300,000
    Property Dividends Payable 300,000
    To record change in the FV.

    2015
    Jan. 31 Retained Earnings 100,000
    Property Dividends Payable 100,000
    To record change in FV.

    / Property Dividends Payable 1,900,000
    Investment in Equity Securities 1,000,000
    Gain on Distribution 900,000
    To record distribution of dividends.

    ReplyDelete
  3. Anonymous8 March 2015 at 20:18

    MARY MAE C. CESORA BSA 1B

    PROBLEM #1
    2010
    Oct. 5 Cash Dividends Declared 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividends.

    Nov. 5 Cash Dividends Payable 710,000
    Cash 710,000
    To record payment of dividends.

    PROBLEM #2
    2014
    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declaration of dividends.

    Dec. 31 Retained Earnings 300,000
    Property Dividends Payable 300,000
    To record change in the FV.

    2015
    Jan. 31 Retained Earnings 100,000
    Property Dividends Payable 100,000
    To record change in FV.

    / Property Dividends Payable 1,900,000
    Investment in Equity Securities 1,000,000
    Gain on Distribution 900,000
    To record distribution of dividends.

    ReplyDelete
  4. Anonymous8 March 2015 at 21:21

    Problem #1

    Oct. 5 Retained Earnings 710000
    Cash Dividends Payable 710000
    To record declaration of dividend

    Dec. 20 Cash Dividends Payable 710000
    Cash 710000
    Payment of dividend

    Problem #2

    Dec.1 Retained Earnings 1500000
    Property Dividends Payable 1500000
    To record declaration of dividend

    31 Retained Earnings 300000
    Property Dividends Payable 300000
    To record change in fair market value

    Jan. 31 Retained Earnings 100000
    Property Dividends Payable 1800000
    Investment on Equity Securities 1000000
    Gain on Distribution of Property Dividend 900000
    To record distribution of dividend

    Aaron John Añora BSA- 1B

    ReplyDelete
  5. LABANES8 March 2015 at 21:35

    Labanes, Mary Rose E. BSA-1B

    Problem #1
    Lam-ang’s Corp.
    Journal Entries
    As of 2015

    Oct.5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record the declaration of dividend.

    Dec. 20 Cash Dividends Payable 710,000
    Cash 710,000
    To record the payment of dividends.

    Problem #2
    Pinoy Corp.
    Journal Entries
    As of Dec. 2014-Jan. 2015

    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declaration of dividends.

    31 Retained Earnings 300,000
    Property dividends Payable 300,000
    To record the increase of fair value of property.

    Jan. 31 Retained Earnings 100,000
    Property Dividends Payable 100,000
    To record the increase of fair value of property.

    31 Property Dividends Payable 1,900,000
    Investment in Equity Securities 1,500,000
    Gain on Distribution of Property Dividends 400,000
    To record distribution of dividends.

    ReplyDelete
  6. ADONIS8 March 2015 at 21:36

    ADONIS,Demelyn T. BSA-1B

    Problem #1
    Lam-ang’s Corp.
    Journal Entries
    As of 2015

    Oct.5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record the declaration of dividend.

    Dec. 20 Cash Dividends Payable 710,000
    Cash 710,000
    To record the payment of dividends.

    Problem #2
    Pinoy Corp.
    Journal Entries
    As of Dec. 2014-Jan. 2015

    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declaration of dividends.

    31 Retained Earnings 300,000
    Property dividends Payable 300,000
    To record the increase of fair value of property.

    Jan. 31 Retained Earnings 100,000
    Property Dividends Payable 100,000
    To record the increase of fair value of property.

    31 Property Dividends Payable 1,900,000
    Investment in Equity Securities 1,500,000
    Gain on Distribution of Property Dividends 400,000
    To record distribution of dividends.

    ReplyDelete
  7. lendio8 March 2015 at 21:37

    Lendio, Gerly Jane BSA-1B

    Problem #1
    Lam-ang’s Corp.
    Journal Entries
    As of 2015

    Oct.5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record the declaration of dividend.

    Dec. 20 Cash Dividends Payable 710,000
    Cash 710,000
    To record the payment of dividends.

    Problem #2
    Pinoy Corp.
    Journal Entries
    As of Dec. 2014-Jan. 2015

    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declaration of dividends.

    31 Retained Earnings 300,000
    Property dividends Payable 300,000
    To record the increase of fair value of property.

    Jan. 31 Retained Earnings 100,000
    Property Dividends Payable 100,000
    To record the increase of fair value of property.

    31 Property Dividends Payable 1,900,000
    Investment in Equity Securities 1,500,000
    Gain on Distribution of Property Dividends 400,000
    To record distribution of dividends.

    ReplyDelete
  8. canciller8 March 2015 at 21:38

    Canciller, Mariel BSA-1B

    Problem #1
    Lam-ang’s Corp.
    Journal Entries
    As of 2015

    Oct.5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record the declaration of dividend.

    Dec. 20 Cash Dividends Payable 710,000
    Cash 710,000
    To record the payment of dividends.

    Problem #2
    Pinoy Corp.
    Journal Entries
    As of Dec. 2014-Jan. 2015

    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declaration of dividends.

    31 Retained Earnings 300,000
    Property dividends Payable 300,000
    To record the increase of fair value of property.

    Jan. 31 Retained Earnings 100,000
    Property Dividends Payable 100,000
    To record the increase of fair value of property.

    31 Property Dividends Payable 1,900,000
    Investment in Equity Securities 1,500,000
    Gain on Distribution of Property Dividends 400,000
    To record distribution of dividends.

    ReplyDelete
  9. Anonymous8 March 2015 at 22:02

    BASILAN, ANGIELYN I. BSA - IB

    Problem #1

    Oct . 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000

    Dec. 20 Cash Dividends Payable 710,000
    Cash 710,000

    Problem #2

    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000

    31 Retained Earnings 300,000
    Property Dividends Payable 300,000

    Jan. 31 Retained Earnings 100,000
    Property Dividends Payable 100,000

    / Property Dividends Payable 1,900,000
    Building 1,000,000
    Gain on Dist. of Property Dividends 900,000

    ReplyDelete
  10. Anonymous8 March 2015 at 22:03

    BANDILLA, PEACHY M.
    BSA - IB

    Problem #1

    Oct . 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000

    Dec. 20 Cash Dividends Payable 710,000
    Cash 710,000

    Problem #2

    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000

    31 Retained Earnings 300,000
    Property Dividends Payable 300,000

    Jan. 31 Retained Earnings 100,000
    Property Dividends Payable 100,000

    / Property Dividends Payable 1,900,000
    Building 1,000,000
    Gain on Dist. of Property Dividends 900,000

    ReplyDelete
  11. Anonymous8 March 2015 at 22:04

    ARTECHE, RACHELLE NINA V.
    BSA - IB

    Problem #1

    Oct . 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000

    Dec. 20 Cash Dividends Payable 710,000
    Cash 710,000

    Problem #2

    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000

    31 Retained Earnings 300,000
    Property Dividends Payable 300,000

    Jan. 31 Retained Earnings 100,000
    Property Dividends Payable 100,000

    / Property Dividends Payable 1,900,000
    Building 1,000,000
    Gain on Dist. of Property Dividends 900,000

    ReplyDelete
  12. Anonymous8 March 2015 at 22:05

    SALVATIERRA, AIGIE GRACE BSA - IB

    Problem #1

    Oct . 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000

    Dec. 20 Cash Dividends Payable 710,000
    Cash 710,000

    Problem #2

    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000

    31 Retained Earnings 300,000
    Property Dividends Payable 300,000

    Jan. 31 Retained Earnings 100,000
    Property Dividends Payable 100,000

    / Property Dividends Payable 1,900,000
    Building 1,000,000
    Gain on Dist. of Property Dividends 900,000

    ReplyDelete
  13. Unknown8 March 2015 at 23:02

    problem #1
    Oct. 5 retained earnings 710000
    cash dividends payable 710000
    to record declaration of dividends.

    Dec.20 cash dividends payable 710000
    cash 710000
    to record payment of dividends.

    problem#2
    Dec. 1 retained earnings 1500000
    property dividends payable 1500000
    to record declaration of dividends.

    31 retained earnings 300000
    property dividends payable 300000
    to record declaration of dividends.

    Jan. 31 retained earnings 100000
    property dividends payable 100000
    to record declaration of dividends.

    / property dividends payable 1900000
    investment in equity securities 1000000
    gain in distribution of property dividends 900000
    to record distribution of dividends.

    ReplyDelete
  14. Unknown8 March 2015 at 23:07

    problem #1

    Oct. 5 retained earnings 710,000
    cash dividends payable 710,000
    declaration of dividends.

    Dec.20 cash dividends payable 710,000
    cash 710,000
    payment of dividends.

    problem#2

    Dec. 1 retained earnings 1,500,000
    property dividends payable 1,500000
    declaration of dividends.

    31 retained earnings 300,000
    property dividends payable 300,000
    declaration of dividends.

    Jan. 31 retained earnings 100,000
    property dividends payable 100,000
    declaration of dividends.

    / property dividends payable 1,900,000
    investment in equity securities 1,000,000
    gain in distribution of property dividends 900,000
    distribution of dividends.

    ReplyDelete
  15. Unknown8 March 2015 at 23:25

    Problem #1
    Date .......................Particulars..........................................debit.........credit
    2015
    Oct. 5....Retained Earnings............................................710,000
    ......................Cash Dividends Payable............................................710,000
    ..............................To record declaration of dividends.

    Dec.20..Cash Dividends Payable.................................710,000
    ......................Cash..........................................................................710,000
    ..............................To record payment of dividends.

    Problem#2
    Date .......................Particulars.......................................debit..........credit
    2014
    Dec. 1...Retained Earnings.......................................1,500,000
    .....................Property Dividends Payable....................................1,500,000
    ..............................To record declaration of dividends.

    .......31.Retained Earnings...........................................300,000
    .....................Property Dividends Payable......................................300,000
    ..............................To record declaration of dividends.

    2015
    Jan. 31..Retained Earnings........................................100,000
    .....................Property Dividends Payable......................................100,000
    ..............................To record declaration of dividends.

    ......../.....Property Dividends Payable.......................1,900,000
    .....................Investment in Equity Securities..............................1,000,000
    .....................Gain in Distribution of Property Dividends................900,000
    ..............................To record distribution of dividends.

    ReplyDelete
  16. Unknown8 March 2015 at 23:26

    Noemi Trisha N. Diolola BSA-1A
    Problem #1:
    Oct. 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividends.

    Dec.20 Cash Dividends Payable 710,000
    Cash 710,000
    To record payment of dividends.

    Problem#2:

    2014
    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declaration of dividends.

    31 Retained Earnings 300,000
    Property Dividends Payable 300,000
    To record declaration of dividends.

    2015
    Jan. 31 Retained Earnings 100,000
    Property Dividends Payable 100,000
    To record declaration of dividends.

    / Property Dividends Payable 1,900,000
    Investment in Equity Securities 1,000,000
    Gain in Distribution of Property Dividends 900,000
    To record distribution of dividends.

    ReplyDelete
  17. Unknown8 March 2015 at 23:27

    ENDONG, MARK MILLAN N. BSA-1A

    PROBLEM #01

    Oct. 5 Retained Earnings 710 000
    Cash Dividend Payable 710 000
    To record declaration of dividend.

    Dec. 20 Cash Dividend Payable 710 000
    Cash 710 000
    To record payment of dividend.

    PROBLEM #02

    Dec. 1 Retained Earnings 1 500 000
    Property Dividend Payable 1 500 000
    To record declaration of dividend.

    Dec. 31 Retained Earnings 300 000
    Property Dividend Payable 300 000
    To record increase in fair value.

    Jan. 31 Retained Earnings 100 000
    Property Dividend Payable 100 000
    To record increase in fair value.

    / Property Dividend Payable 1 900 000
    Building 1 500 000
    Cash 400 000
    To record payment of dividend.

    ReplyDelete
  18. TUMAMAK,CRYSTAL M.8 March 2015 at 23:27

    TUMAMAK,CRYSTAL M. BSA- 1A

    Problem #1

    Oct. 5 Retained Earnings 710 000
    Cash Dividends Payable 710 000
    To record declaration of dividends.

    Dec.20 Cash Dividends Payable 710 000
    Cash 710 000
    To record payment of dividends.

    Problem #2

    Dec. 1 Retained Earnings 1 500 000
    Property Dividends Payable 1 500 000
    To record declaration of dividends.

    31 Retained Earnings 300 000
    Property Dividends Payable 300 000
    To record declaration of dividends.

    Jan. 31 Retained Earnings 100 000
    Property Dividends Payable 100 000
    To record declaration of dividends.

    / Property Dividends Payable 1 900 000
    Investment in Equity Securities 1 000 000
    Gain in Distribution of Property Dividends 900 000
    To record distribution of dividends.

    ReplyDelete
  19. Luzviminda Urot8 March 2015 at 23:28

    Problem #1
    2015
    Oct. 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividends.

    Dec.20 Cash Dividends Payable 710,000
    Cash 710,000
    To record payment of dividends.

    Problem#2
    2014
    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declaration of dividends.

    31 Retained Earnings 300,000
    Property Dividends Payable 300,000
    To record declaration of dividends.

    2015
    Jan. 31 Retained Earnings 100,000
    Property Dividends Payable 100,000
    To record declaration of dividends.

    / Property Dividends Payable 1,900,000
    Investment in Equity Securities 1,000,000
    Gain in Distribution of Property Dividends 900,000
    To record distribution of dividends.

    ReplyDelete
  20. FLORENDO, ALDWIN Q.8 March 2015 at 23:29

    Problem #1
    2015
    Oct. 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividends.

    Dec.20 Cash Dividends Payable 710,000
    Cash 710,000
    To record payment of dividends.

    Problem#2
    2015
    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declaration of dividends.

    31 Retained Earnings 300,000
    Property Dividends Payable 300,000
    To record declaration of dividends.

    Jan. 31 Retained Earnings 100,000
    Property Dividends Payable 100,000
    To record declaration of dividends.

    / Property Dividends Payable 1,900,000
    Investment in Equity Securities 1,000,000
    Gain in Distribution of Property Dividends 900,000
    To record distribution of dividends.

    ReplyDelete
  21. Anonymous8 March 2015 at 23:36

    Locop, Jun Joshua O.

    1. October 5 Retained Earnings 710 000
    Cash Dividends Payable 710 000
    To record declaration
    of dividends

    December 20 Cash Dividends Payable 710 000
    Cash 710 000
    To record payment




    2.
    December 1 Retained Earnings 1 500 000
    Property Dividends Payable 1500 000
    To record declaration
    of dividends

    December 31 Retained Earnings 300 000
    Property Dividends Payable 300 000
    To record change in value

    January 31 Retained Earnings 100 000
    Property Dividends Payable 100 000
    To record change in value

    / Property Dividends Payable 1 500 000
    Building 1 500 000
    Gain on Distribution of Property Dividends 400 000
    To record payment of dividends

    ReplyDelete
  22. Unknown8 March 2015 at 23:46

    Problem #1

    Oct 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividends

    Dec 20 Cash Dividends Payable 710,000
    Cash 710,000
    Payment of dividends


    Problem #2

    Dec 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000

    31 Retained Earnings 300,000
    Property Dividends Payable 300,000

    Jan 31 Retained Earnings 100,000
    Property Dividends Payable 100,000

    / Property Dividends Payable 1,900,000
    Building 1,500,000
    Gain on distribution of Property Dividends 400,000

    ReplyDelete
  23. Unknown8 March 2015 at 23:52

    Problem #1

    Oct 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividends

    Dec 20 Cash Dividends Payable 710,000
    Cash 710,000
    Payment of dividends


    Problem #2

    Dec 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000

    31 Retained Earnings 300,000
    Property Dividends Payable 300,000

    Jan 31 Retained Earnings 100,000
    Property Dividends Payable 100,000

    / Property Dividends Payable 1,900,000
    Building 1,500,000
    Gain on distribution of Property Dividends 400,000

    ReplyDelete
  24. Anonymous8 March 2015 at 23:57

    Aina Mijares BSA -1B

    Problem #1

    Oct 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividends

    Dec 20 Cash Dividends Payable 710,000
    Cash 710,000
    Payment of dividends


    Problem #2

    Dec 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000

    31 Retained Earnings 300,000
    Property Dividends Payable 300,000

    Jan 31 Retained Earnings 100,000
    Property Dividends Payable 100,000

    / Property Dividends Payable 1,900,000
    Building 1,500,000
    Gain on distribution of Property Dividends 400,000Problem #1

    Oct 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividends

    Dec 20 Cash Dividends Payable 710,000
    Cash 710,000
    Payment of dividends


    Problem #2

    Dec 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000

    31 Retained Earnings 300,000
    Property Dividends Payable 300,000

    Jan 31 Retained Earnings 100,000
    Property Dividends Payable 100,000

    / Property Dividends Payable 1,900,000
    Building 1,500,000
    Gain on distribution of Property Dividends 400,000

    ReplyDelete
  25. Anonymous8 March 2015 at 23:59

    Jaymar Caunte BSA-1A

    Problem #1

    Oct 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividends

    Dec 20 Cash Dividends Payable 710,000
    Cash 710,000
    Payment of dividends


    Problem #2

    Dec 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000

    31 Retained Earnings 300,000
    Property Dividends Payable 300,000

    Jan 31 Retained Earnings 100,000
    Property Dividends Payable 100,000

    / Property Dividends Payable 1,900,000
    Building 1,500,000
    Gain on distribution of Property Dividends 400,000

    ReplyDelete
  26. Anonymous9 March 2015 at 00:00

    Mark Jay Turla BSA-1A

    Problem #1

    Oct 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividends

    Dec 20 Cash Dividends Payable 710,000
    Cash 710,000
    Payment of dividends


    Problem #2

    Dec 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000

    31 Retained Earnings 300,000
    Property Dividends Payable 300,000

    Jan 31 Retained Earnings 100,000
    Property Dividends Payable 100,000

    / Property Dividends Payable 1,900,000
    Building 1,500,000
    Gain on distribution of Property Dividends 400,000

    ReplyDelete
  27. Anonymous9 March 2015 at 00:00

    Reynanel Argales BSA-1A

    Problem #1

    Oct 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividends

    Dec 20 Cash Dividends Payable 710,000
    Cash 710,000
    Payment of dividends


    Problem #2

    Dec 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000

    31 Retained Earnings 300,000
    Property Dividends Payable 300,000

    Jan 31 Retained Earnings 100,000
    Property Dividends Payable 100,000

    / Property Dividends Payable 1,900,000
    Building 1,500,000
    Gain on distribution of Property Dividends 400,000

    ReplyDelete
  28. Anonymous9 March 2015 at 00:01

    Abigael Dacdac BSA-1B

    Problem #1

    Oct 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividends

    Dec 20 Cash Dividends Payable 710,000
    Cash 710,000
    Payment of dividends


    Problem #2

    Dec 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000

    31 Retained Earnings 300,000
    Property Dividends Payable 300,000

    Jan 31 Retained Earnings 100,000
    Property Dividends Payable 100,000

    / Property Dividends Payable 1,900,000
    Building 1,500,000
    Gain on distribution of Property Dividends 400,000

    ReplyDelete
  29. Unknown9 March 2015 at 00:03

    Problem #1

    Oct 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividends

    Dec 20 Cash Dividends Payable 710,000
    Cash 710,000
    Payment of dividends


    Problem #2

    Dec 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000

    31 Retained Earnings 300,000
    Property Dividends Payable 300,000

    Jan 31 Retained Earnings 100,000
    Property Dividends Payable 100,000

    / Property Dividends Payable 1,900,000
    Building 1,500,000
    Gain on distribution of Property Dividends 400,000

    ReplyDelete
  30. CLARISSA VALERIO BSA 1A9 March 2015 at 00:32

    VALERIO, CLARISSA S. BSA-1A
    PROBLEM #1
    2015
    Oct.5 Retained earnings 710,000
    Cash dividends payable 710,000
    To record declaration of dividends.

    Dec.20 Cash dividends payable 710,000
    Cash 710,000
    To record payment of dividends.

    PROBLEM #2

    2014
    Dec.1 Retained earnings 1,500,000
    Property dividends payable 1,500,000
    To record the declaration of dividends.

    31 Retained earnings 300,000
    Property dividends payable 300,000
    To record declaration of dividends.

    2015
    Jan.31 Retained earnings 100,000
    Property dividends payable 100,000
    To record declaration of dividends.

    / Property dividends payable 1,900,000
    Investment in equity securities 1,000,000
    Gain on distribution of property dividends. 900,000
    To record distribution of dividends.

    ReplyDelete
  31. Eclipse, Van Daryl B. BSA-1A9 March 2015 at 00:41

    Problem #1
    2015
    Oct. 5 Retained Earnings 710,000
    Cash Dividends Payable. 710,000
    Declaration of dividends.

    Dec. 20 Cash Dividends Payable 710,000
    Cash 710,000
    Payment of dividends.


    Problem #2
    1.)2014
    Dec. 1 Retained Earnings 150,000
    Property Dividends Payable 150,000
    Declaration of property dividends.

    2.)2014
    Dec. 31 Retained Earnings 300,000
    Property Dividends Payable 300,000
    Declaration of property dividends.

    3.)2015
    Jan. 31 Retained Earnings 100,000
    Property Dividends Payable 100,000
    Declaration of property dividends.

    / Property Dividends Payable 1,900,000
    Investment in Equity Securities 1,000,000
    Gain on Distribution Property Dividends 900,000
    Distribution of dividends.

    ReplyDelete
  32. Anonymous9 March 2015 at 01:04

    Problem # 1:
    2015
    Oct. 5 Retained Earnings 710 000
    Cash Dividends Payable 710 000
    To record declaration of dividends.

    Dec. 20 Cash Dividends Payable 710 000
    Cash 710 000
    To record payment of dividend.

    Problem # 2:
    2014
    Dec. 1 Retained Earnings 1 500 000
    Property Dividends Payable 1 500 000
    To record declaration of dividends.

    31 Retained Earnings 300 000
    Property Dividends Payable 300 000
    To record declaration of dividends.

    Jan. 31 Retained Earnings 100 000
    Property Dividends Payable 100 000
    To record declaration of dividends.

    / Property Dividends Payable 1 900 000
    Investment in Equity Securities 1 000 000
    Gain on Distribution of Property Dividends 900 000
    To record distribution of dividends.

    ReplyDelete
  33. Unknown9 March 2015 at 01:38

    Jefferson Gapate

    Problem #1

    Oct. 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record the declaration of dividends.

    Dec. 20 Cash Dividends Payable 710,000
    Cash 710,000
    To record the payment of dividends.

    Problem #2

    Dec. 1 Retained Earnings 1,500,000
    Property Dividend Payable 1,500,000
    To record the declaration of dividends.

    Dec. 31 Retained Earnings 300,000
    Property Dividend Payable 300,000
    To record the declaration of dividends.

    2015
    Jan. 31 Retained Earnings 100,000
    Property Dividend Payable 100,000
    To record the declaration of dividends.

    / Property Dividend Payable 1,900,000
    Building 1,000,000
    Gain on Cost of Property Dividend 900,000
    To record the payment of dividend.

    ReplyDelete
  34. Anonymous9 March 2015 at 01:45

    Nikko Emelito M. Silva BSA-1B

    Problem #1

    Oct. 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record the declaration of dividends.

    Dec. 20 Cash Dividends Payable 710,000
    Cash 710,000
    To record the payment of dividends.

    Problem #2

    Dec. 1 Retained Earnings 1,500,000
    Property Dividend Payable 1,500,000
    To record the declaration of dividends.

    Dec. 31 Retained Earnings 300,000
    Property Dividend Payable 300,000
    To record the declaration of dividends.

    2015
    Jan. 31 Retained Earnings 100,000
    Property Dividend Payable 100,000
    To record the declaration of dividends.

    / Property Dividend Payable 1,900,000
    Building 1,000,000
    Gain on Cost of Property Dividend 900,000
    To record the payment of dividend.

    ReplyDelete
  35. Anonymous9 March 2015 at 01:45

    Allyzon Padaon BSA-1B

    Problem #1

    Oct. 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record the declaration of dividends.

    Dec. 20 Cash Dividends Payable 710,000
    Cash 710,000
    To record the payment of dividends.

    Problem #2

    Dec. 1 Retained Earnings 1,500,000
    Property Dividend Payable 1,500,000
    To record the declaration of dividends.

    Dec. 31 Retained Earnings 300,000
    Property Dividend Payable 300,000
    To record the declaration of dividends.

    2015
    Jan. 31 Retained Earnings 100,000
    Property Dividend Payable 100,000
    To record the declaration of dividends.

    / Property Dividend Payable 1,900,000
    Building 1,000,000
    Gain on Cost of Property Dividend 900,000
    To record the payment of dividend.

    ReplyDelete
  36. Anonymous9 March 2015 at 01:46

    Janica A. De Veyra BSA-1B

    Problem #1

    Oct. 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record the declaration of dividends.

    Dec. 20 Cash Dividends Payable 710,000
    Cash 710,000
    To record the payment of dividends.

    Problem #2

    Dec. 1 Retained Earnings 1,500,000
    Property Dividend Payable 1,500,000
    To record the declaration of dividends.

    Dec. 31 Retained Earnings 300,000
    Property Dividend Payable 300,000
    To record the declaration of dividends.

    2015
    Jan. 31 Retained Earnings 100,000
    Property Dividend Payable 100,000
    To record the declaration of dividends.

    / Property Dividend Payable 1,900,000
    Building 1,000,000
    Gain on Cost of Property Dividend 900,000
    To record the payment of dividend.

    ReplyDelete
  37. Anonymous9 March 2015 at 02:05

    BACASNO, YSRAH BSA 1B

    Problem #1

    Oct. 5 Retained Earnings 710 000
    Cash Dividends Payable 710 000
    To record declaration of dividend.

    Oct. 20 Cash Dividends Payable 710 000
    Cash 710 000
    To record payment of dividend.

    Problem #2

    Dec. 1 Retained Earnings 1 500 000
    Property Dividends Payable 1 500 000
    To record declaration of dividend.

    Dec. 31 Retained Earnings 100 000
    Property Dividends Payable 100 000
    To record declaration of dividend.

    Jan. 31 Retained Earnings 100 000
    Property Dividends Payable 100 000
    To record declaration of dividend.

    31 Property Dividends Payable 1 900 000
    Building 1 000 000
    Loss on distribution of property dividend 900 000
    To record payment of dividend.

    ReplyDelete
  38. Anonymous9 March 2015 at 02:05

    Problem #1

    Oct. 5 Retained Earnings 710 000
    Cash Dividends Payable 710 000
    To record declaration of dividend.

    Oct. 20 Cash Dividends Payable 710 000
    Cash 710 000
    To record payment of dividend.

    Problem #2

    Dec. 1 Retained Earnings 1 500 000
    Property Dividends Payable 1 500 000
    To record declaration of dividend.

    Dec. 31 Retained Earnings 100 000
    Property Dividends Payable 100 000
    To record declaration of dividend.

    Jan. 31 Retained Earnings 100 000
    Property Dividends Payable 100 000
    To record declaration of dividend.

    31 Property Dividends Payable 1 900 000
    Building 1 000 000
    Loss on distribution of property dividend 900 000
    To record payment of dividend.

    MARAYA, LIZETTE B. BSA 1A

    ReplyDelete
  39. Anonymous9 March 2015 at 02:11

    Go Yvette
    Problem #1
    Oct. 5 retained earnings 710 000
    Cash dividends payable 710 000
    To record declaration of dividend.
    Dec. 20 cash dividends payable 710 000
    Cash 710 000
    To record payment of dividend.
    Problem #2
    Dec. 1 retained earnings 1 500 000
    Property dividends payable 1 500 000
    To record declaration of dividends.
    Dec. 31 retained earnings 1 800 000
    Property dividends payable 1 800 000
    To record declaration of dividends.
    Jan. 1 property dividends payable 1 500 000
    Investment in equity securities 1 000 000
    Gain on distribution of property dividends 500 000
    To record distribution of dividends.

    ReplyDelete
  40. Anonymous9 March 2015 at 02:12

    kesley Guira
    1.
    Oct. 5 retained earnings 710 000
    Cash dividends payable 710 000
    To record declaration of dividend.
    Dec. 20 cash dividends payable 710 000
    Cash 710 000
    To record payment of dividend.
    2.
    Dec. 1 retained earnings 1 500 000
    Property dividends payable 1 500 000
    To record declaration of dividends.
    Dec. 31 retained earnings 1 800 000
    Property dividends payable 1 800 000
    To record declaration of dividends.
    Jan. 1 property dividends payable 1 500 000
    Investment in equity securities 1 000 000
    Gain on distribution of property dividends 500 000
    To record distribution of dividends.

    ReplyDelete
  41. Anonymous9 March 2015 at 02:34

    Problem #1
    Oct 5 Retained Earnings 710,000
    Cash Dividend Payable 710,000
    To record declaration of dividends.

    Dec 20 Cash Dividends Payable 710,000
    Cash 710,000
    To record payment of dividend.

    Problem #2
    1. 2015
    Dec 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declaration of dividend.

    2. Dec 31 Retained Earnings 1,300,000
    Property Dividends Payable 1,300,000
    To record declaration of dividend.

    3. Jan 1 Retained Earnings 100,000
    Property Dividends Payable 100,000
    To record declaration of dividend.

    Property Dividends Payable 1,900,000
    Building 1,800,000
    Gain on Distribution of Property Dividends 100,000
    To record distribution of dividends.

    -ARAMINA ALBAT
    BSA-1A

    ReplyDelete
  42. Anonymous9 March 2015 at 02:37

    Macawile, Ma. Kathelyn D.
    BSA-1A

    Problem #1

    Oct 5 Retained Earnings 710,000
    Cash Dividend Payable 710,000

    Dec 20 Cash Dividends Payable 710,000
    Cash 710,000

    Problem #2

    1.)
    2015
    Dec 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000

    2. Dec 31 Retained Earnings 1,300,000
    Property Dividends Payable 1,300,000

    3.) Jan 1 Retained Earnings 100,000
    Property Dividends Payable 100,000

    Property Dividends Payable 1,900,000
    Building 1,800,000
    Gain on Distribution of Property Dividends 100,000

    ReplyDelete
  43. Anonymous9 March 2015 at 02:39

    Problem #1

    Oct 5 Retained Earnings 710,000
    Cash Dividend Payable 710,000

    Dec 20 Cash Dividends Payable 710,000
    Cash 710,000

    Problem #2

    1. 2015
    Dec 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000

    2. Dec 31 Retained Earnings 1,300,000
    Property Dividends Payable 1,300,000

    3. Jan 1 Retained Earnings 100,000
    Property Dividends Payable 100,000

    Property Dividends Payable 1,900,000
    Building 1,800,000
    Gain on Distribution of Property Dividends 100,000

    --- ANA MARJORIE ALBAO
    BSA-1A

    ReplyDelete
  44. Anonymous9 March 2015 at 02:43

    LAGONOY, LORIE LYN C. BSA-1B
    Problem #1
    Oct. 5 Retained Earnings 710,000
    ----Cash Dividends Payable 710,000
    To record the declaration of dividends.

    Dec. 20 Cash Dividends Payable 710,000
    ----Cash 710,000
    To record the payment of dividends.


    Problem #2
    Dec. 1 Retained Earnings 1,500,000
    ----Property Dividends Payable 1,500,000
    To record the declaration of dividends.

    Dec. 31 Retained Earnings 300,000
    ----Property Dividends Payable 300,000
    To record additional fair value.

    Jan. 31 Retained Earnings 100,000
    ----Property Dividends Payable 100,000
    To record additional fair value.

     Property Dividends Payable 1,900,000
    ----Investment 1,000,000
    ----Gain on Distribution of Property Dividends 900,000
    To record the distribution of dividend.

    ReplyDelete
  45. Anonymous9 March 2015 at 02:54

    Mary Ann Dolor 1b

    Oct 5 Retained Earnings 710000
    Dividends Payable 710000
    Record declaration of dividend

    Dec 20 Dividends Payable 710000
    Cash 710000

    2.

    Dec 1 Retained Earnings 7500000
    Property Dividends Payable 7500000
    Record declaration of dividends

    Jan 31 Property Dividends Payable 7500000
    Bedroom Flat 5000000
    Gain on distribution of property dividend 2500000
    distribution of property dividend

    ReplyDelete
  46. Anonymous9 March 2015 at 02:55

    Gina Bertulfo 1B

    Oct 5 Retained Earnings 710000
    Dividends Payable 710000
    Record declaration of dividend

    Dec 20 Dividends Payable 710000
    Cash 710000

    2.

    Dec 1 Retained Earnings 7500000
    Property Dividends Payable 7500000
    Record declaration of dividends

    Jan 31 Property Dividends Payable 7500000
    Bedroom Flat 5000000
    Gain on distribution of property dividend 2500000
    distribution of property dividend

    ReplyDelete
  47. Anonymous9 March 2015 at 02:55

    Christine Tumandao 1B

    Oct 5 Retained Earnings 710000
    Dividends Payable 710000
    Record declaration of dividend

    Dec 20 Dividends Payable 710000
    Cash 710000

    2.

    Dec 1 Retained Earnings 7500000
    Property Dividends Payable 7500000
    Record declaration of dividends

    Jan 31 Property Dividends Payable 7500000
    Bedroom Flat 5000000
    Gain on distribution of property dividend 2500000
    distribution of property dividend

    ReplyDelete
  48. Anonymous9 March 2015 at 02:57

    Avila, Kristy Anne 1B

    Oct 5 Retained Earnings 710000
    Dividends Payable 710000
    Record declaration of dividend

    Dec 20 Dividends Payable 710000
    Cash 710000

    2.

    Dec 1 Retained Earnings 7500000
    Property Dividends Payable 7500000
    Record declaration of dividends

    Jan 31 Property Dividends Payable 7500000
    Bedroom Flat 5000000
    Gain on distribution of property dividend 2500000
    distribution of property dividend

    ReplyDelete
  49. Unknown9 March 2015 at 02:57

    PROBLEM #1
    Oct 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividends

    Dec 20 Cash Dividends Payable 710,000
    Cash 710,000
    to record payment of dividends

    PROBLEM #2

    Dec 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    to record declaration of dividends

    Dec 31 Retained Earnings 1,300,000
    Property Dividends Payable 1,300,000
    to adjust the fair value of the property

    Jan 1 Retained Earnings 100,000
    Property Dividends Payable 100,000
    to adjust the fair value of the property

    / Property Dividends Payable 1,900,000
    Building 1,800,000
    Gain on Distribution of Property Dividends 100,000
    to record payment of dividends

    ReplyDelete
  50. Rayñel Ed L. Dacuno9 March 2015 at 03:21

    Dacuno, Rayñel Ed L. BSA - 1A
    Prob #1
    Oct. 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividends.

    Dec. 20 Cash Dividends Payable 710,000
    Cash 710,000
    To record payments of dividends.

    Prob #2
    1. Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declamation of dividends.

    2. Dec. 31 Retained Earnings 300
    Property Dividends Payable 300
    To record fair value as of Dec. 31.

    3. Jan. 31 Retained Earnings 100
    Property Dividends Payable 100
    To record fair value as of Jan. 31.

    / Property Dividends Payable 1,900,000
    Investment in Equity Securities 1,000,000
    Gain on Distribution of Property Dividends 900,000
    To record distribution of dividends.

    ReplyDelete
  51. Rayñel Ed L. Dacuno9 March 2015 at 03:21

    Dacuno, Rayñel Ed L. BSA - 1A
    Prob #1
    Oct. 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividends.

    Dec. 20 Cash Dividends Payable 710,000
    Cash 710,000
    To record payments of dividends.

    Prob #2
    1. Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declamation of dividends.

    2. Dec. 31 Retained Earnings 300
    Property Dividends Payable 300
    To record fair value as of Dec. 31.

    3. Jan. 31 Retained Earnings 100
    Property Dividends Payable 100
    To record fair value as of Jan. 31.

    / Property Dividends Payable 1,900,000
    Investment in Equity Securities 1,000,000
    Gain on Distribution of Property Dividends 900,000
    To record distribution of dividends.

    ReplyDelete
  52. Anonymous9 March 2015 at 04:05

    - Nicudemus Carlou D. Capellan BSA 1B

    Prob #1
    Oct. 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividends.

    Dec. 20 Cash Dividends Payable 710,000
    Cash 710,000
    To record payments of dividends.

    Prob #2
    1. Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declamation of dividends.

    2. Dec. 31 Retained Earnings 300
    Property Dividends Payable 300
    To record fair value as of Dec. 31.

    3. Jan. 31 Retained Earnings 100
    Property Dividends Payable 100
    To record fair value as of Jan. 31.

    / Property Dividends Payable 1,900,000
    Investment in Equity Securities 1,000,000
    Gain on Distribution of Property Dividends 900,000
    To record distribution of dividends.

    ReplyDelete
  53. Anonymous9 March 2015 at 04:07

    Ruth B. Florencio BSA 1B

    Prob #1
    Oct. 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividends.

    Dec. 20 Cash Dividends Payable 710,000
    Cash 710,000
    To record payments of dividends.

    Prob #2
    1. Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declamation of dividends.

    2. Dec. 31 Retained Earnings 300
    Property Dividends Payable 300
    To record fair value as of Dec. 31.

    3. Jan. 31 Retained Earnings 100
    Property Dividends Payable 100
    To record fair value as of Jan. 31.

    / Property Dividends Payable 1,900,000
    Investment in Equity Securities 1,000,000
    Gain on Distribution of Property Dividends 900,000
    To record distribution of dividends.

    ReplyDelete
  54. Anonymous9 March 2015 at 04:17

    Problem 1

    Oct 5 Retained Earning 710 000
    Cash Dividends Payable 710 000
    To record declaration of dividend

    Dec 20 Cash Dividends Payable 710 000
    Cash 710 000

    Problem 2

    2014
    Dec 1 Retained Earnings 1 500 000
    Property Dividends Payable 1 500 000
    To record declaration of dividend

    31 Retained Earnings 300 000
    Property Dividends Payable 300 000
    To record change in value of assets

    2015
    Jan 31 Retained Earnings 100 000
    Property Dividends Payable 1 800 000
    Investment on Equity Securities 1 000 000
    Gain on Distribution of Property Dividends 900 000
    To record distribution of dividend

    Camarines, Sheryl T.
    BSA 1A

    ReplyDelete
  55. Anonymous9 March 2015 at 04:21

    Añora, Karl Joshua C. BSA-1A

    Problem 1

    Oct 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    Declaration of dividends

    Dec 20 Cash Dividends Payable 710,000
    Cash 710,000
    Payment of dividends.

    Problem 2

    2014
    Dec 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    Declaration of dividends.

    31 Retained Earnings 300,000
    Property Dividends Payable 300,000
    Revaluation of assets.

    2015
    Jan 31 Retained Earnings 100,000
    Property Dividends Payable 1,800,000
    Investment on Equity Securities 1,000,000
    Gain on Distribution of Property Dividends 900,000
    Distribution of dividends.

    ReplyDelete
  56. jacqueline tado9 March 2015 at 04:22

    JACQUELINE P. TADO BSA-IA

    Problem #1

    Oct. 5 Retained Earnings 710,000
    Cash Dividend Payable 710,000
    To record declaration of dividend.

    Dec. 20 Cash Dividend Payable 710,000
    Cash 710,000
    To record payment of dividend.

    Problem #2

    2014
    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declaration of dividend.

    Dec. 31 Retained Earnings 300,000
    Property Dividends Payable 300,000
    To record declaration of dividend.

    2015
    Jan.31 Retained Earnings 100,000
    Property Dividend Payable 100,000
    To record declaration of dividend.

    / Property Dividend Payable 1,900,000
    Investment in Equity Section 1,000,000
    Gain on Distribution of Property Dividend 900,000
    To record the distribution of dividend.

    ReplyDelete
  57. regine zabala9 March 2015 at 04:23

    regine zabala BSA-IA

    Problem #1

    Oct. 5 Retained Earnings 710,000
    Cash Dividend Payable 710,000
    To record declaration of dividend.

    Dec. 20 Cash Dividend Payable 710,000
    Cash 710,000
    To record payment of dividend.

    Problem #2

    2014
    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declaration of dividend.

    Dec. 31 Retained Earnings 300,000
    Property Dividends Payable 300,000
    To record declaration of dividend.

    2015
    Jan.31 Retained Earnings 100,000
    Property Dividend Payable 100,000
    To record declaration of dividend.

    / Property Dividend Payable 1,900,000
    Investment in Equity Section 1,000,000
    Gain on Distribution of Property Dividend 900,000
    To record the distribution of dividend.

    ReplyDelete
  58. arlito solano9 March 2015 at 04:24

    arlito solano BSA-IA

    Problem #1

    Oct. 5 Retained Earnings 710,000
    Cash Dividend Payable 710,000
    To record declaration of dividend.

    Dec. 20 Cash Dividend Payable 710,000
    Cash 710,000
    To record payment of dividend.

    Problem #2

    2014
    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declaration of dividend.

    Dec. 31 Retained Earnings 300,000
    Property Dividends Payable 300,000
    To record declaration of dividend.

    2015
    Jan.31 Retained Earnings 100,000
    Property Dividend Payable 100,000
    To record declaration of dividend.

    / Property Dividend Payable 1,900,000
    Investment in Equity Section 1,000,000
    Gain on Distribution of Property Dividend 900,000
    To record the distribution of dividend.

    ReplyDelete
  59. carlo maglinte9 March 2015 at 04:25

    carlo maglinte BSA-IA

    Problem #1

    Oct. 5 Retained Earnings 710,000
    Cash Dividend Payable 710,000
    To record declaration of dividend.

    Dec. 20 Cash Dividend Payable 710,000
    Cash 710,000
    To record payment of dividend.

    Problem #2

    2014
    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declaration of dividend.

    Dec. 31 Retained Earnings 300,000
    Property Dividends Payable 300,000
    To record declaration of dividend.

    2015
    Jan.31 Retained Earnings 100,000
    Property Dividend Payable 100,000
    To record declaration of dividend.

    / Property Dividend Payable 1,900,000
    Investment in Equity Section 1,000,000
    Gain on Distribution of Property Dividend 900,000
    To record the distribution of dividend.

    ReplyDelete
  60. merilyn hermosilla9 March 2015 at 04:26

    merilyn hermosilla BSA-IA

    Problem #1

    Oct. 5 Retained Earnings 710,000
    Cash Dividend Payable 710,000
    To record declaration of dividend.

    Dec. 20 Cash Dividend Payable 710,000
    Cash 710,000
    To record payment of dividend.

    Problem #2

    2014
    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declaration of dividend.

    Dec. 31 Retained Earnings 300,000
    Property Dividends Payable 300,000
    To record declaration of dividend.

    2015
    Jan.31 Retained Earnings 100,000
    Property Dividend Payable 100,000
    To record declaration of dividend.

    / Property Dividend Payable 1,900,000
    Investment in Equity Section 1,000,000
    Gain on Distribution of Property Dividend 900,000
    To record the distribution of dividend.

    ReplyDelete
  61. ariane gata9 March 2015 at 04:27

    ariane gata BSA-IA

    Problem #1

    Oct. 5 Retained Earnings 710,000
    Cash Dividend Payable 710,000
    To record declaration of dividend.

    Dec. 20 Cash Dividend Payable 710,000
    Cash 710,000
    To record payment of dividend.

    Problem #2

    2014
    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declaration of dividend.

    Dec. 31 Retained Earnings 300,000
    Property Dividends Payable 300,000
    To record declaration of dividend.

    2015
    Jan.31 Retained Earnings 100,000
    Property Dividend Payable 100,000
    To record declaration of dividend.

    / Property Dividend Payable 1,900,000
    Investment in Equity Section 1,000,000
    Gain on Distribution of Property Dividend 900,000
    To record the distribution of dividend.

    ReplyDelete
  62. yvette boreres9 March 2015 at 04:28

    yvette boreres BSA-IA

    Problem #1

    Oct. 5 Retained Earnings 710,000
    Cash Dividend Payable 710,000
    To record declaration of dividend.

    Dec. 20 Cash Dividend Payable 710,000
    Cash 710,000
    To record payment of dividend.

    Problem #2

    2014
    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declaration of dividend.

    Dec. 31 Retained Earnings 300,000
    Property Dividends Payable 300,000
    To record declaration of dividend.

    2015
    Jan.31 Retained Earnings 100,000
    Property Dividend Payable 100,000
    To record declaration of dividend.

    / Property Dividend Payable 1,900,000
    Investment in Equity Section 1,000,000
    Gain on Distribution of Property Dividend 900,000
    To record the distribution of dividend.

    ReplyDelete
  63. angela ramos9 March 2015 at 04:29

    angela ramos BSA-IA

    Problem #1

    Oct. 5 Retained Earnings 710,000
    Cash Dividend Payable 710,000
    To record declaration of dividend.

    Dec. 20 Cash Dividend Payable 710,000
    Cash 710,000
    To record payment of dividend.

    Problem #2

    2014
    Dec. 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    To record declaration of dividend.

    Dec. 31 Retained Earnings 300,000
    Property Dividends Payable 300,000
    To record declaration of dividend.

    2015
    Jan.31 Retained Earnings 100,000
    Property Dividend Payable 100,000
    To record declaration of dividend.

    / Property Dividend Payable 1,900,000
    Investment in Equity Section 1,000,000
    Gain on Distribution of Property Dividend 900,000
    To record the distribution of dividend.

    ReplyDelete
  64. Unknown9 March 2015 at 05:06

    Problem #1
    Oct.5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    To record declaration of dividend.

    Dec.20 Cash Dividends Payable 710,000
    Cash 710,000
    To record payment of dividend.

    Problem #2
    1.) Dec1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000

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  65. Anonymous9 March 2015 at 05:08

    Problem 1

    Oct 5 Retained Earnings 710,000
    Cash Dividends Payable 710,000
    Declaration of dividends

    Dec 20 Cash Dividends Payable 710,000
    Cash 710,000
    Payment of dividends.

    Problem 2

    2014
    Dec 1 Retained Earnings 1,500,000
    Property Dividends Payable 1,500,000
    Declaration of dividends.

    31 Retained Earnings 300,000
    Property Dividends Payable 300,000
    Revaluation of assets.

    2015
    Jan 31 Retained Earnings 100,000
    Property Dividends Payable 1,800,000
    Investment on Equity Securities 1,000,000
    Gain on Distribution of Property Dividends 900,000
    Distribution of dividends.



    -----Romell Belano BSA 1B

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