Pro-builders corporation has 1,500,000 shares of $5 par common stock outstanding. on september 2, pro-builders corporation declared a 3% stock dividend to be issued november 30 to stockholders of record on october 3. the market price of the stock was $36 per share on september 2.
journalize the entries required on september 2, october 3, and november 30. if no entry is required, simply skip to the next transaction. refer to the chart of accounts for exact wording of account titles.
chart of accounts
pro-builders corporation
general ledger
assets
110 cash
120 accounts receivable
131 notes receivable
132 interest receivable
141 merchandise inventory
145 office supplies
151 prepaid insurance
181 land
193 equipment
194 accumulated depreciation-equipment
liabilities
210 accounts payable
221 notes payable
226 interest payable
231 cash dividends payable
236 stock dividends distributable
241 salaries payable
261 mortgage note payable
equity
311 common stock
312 paid-in capital in excess of par-common stock
315 treasury stock
321 preferred stock
322 paid-in capital in excess of par-preferred stock
331 paid-in capital from sale of treasury stock
340 retained earnings
351 cash dividends
352 stock dividends
390
income summary
journal
accounting equation
date description post. ref. debit credit assets liabilities equity
1
2
3
4
5

Issued to the joint planning and execution community (jpec) initiates the development of coas; it also requests that the supported ccdr submit a commander's estimate of the situation with a recommended coa to resolve the situation (joint force command and staff participation in the joint operation planning and execution system, page 10)

Required information problem 15-1a production costs computed and recorded; reports prepared lo c2, p1, p2, p3, p4 [the following information applies to the questions displayed below. marcelino co.'s march 31 inventory of raw materials is $84,000. raw materials purchases in april are $540,000, and factory payroll cost in april is $364,000. overhead costs incurred in april are: indirect materials, $59,000; indirect labor, $26,000; factory rent, $38,000; factory utilities, $19,000; and factory equipment depreciation, $58,000. the predetermined overhead rate is 50% of direct labor cost. job 306 is sold for $670,000 cash in april. costs of the three jobs worked on in april follow. job 306 job 307 job 308 balances on march 31 direct materials $30,000 $36,000 direct labor 25,000 14,000 applied overhead 12,500 7,000 costs during april direct materials 133,000 210,000 $100,000 direct labor 105,000 150,000 101,000 applied overhead ? ? ? status on april 30 finished (sold) finished in process (unsold) required: 1. determine the total of each production cost incurred for april (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from march 31). a-materials purchases (on credit). b-direct materials used in production. c-direct labor paid and assigned to work in process inventory. d-indirect labor paid and assigned to factory overhead. e-overhead costs applied to work in process inventory. f-actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) g-transfer of jobs 306 and 307 to finished goods inventory. h-cost of goods sold for job 306. i-revenue from the sale of job 306. j-assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions. 3. prepare a schedule of cost of goods manufactured. 4.1 compute gross profit for april. 4.2 show how to present the inventories on the april 30 balance sheet.

Explain the relationship between consumers and producers in economic growth and activity