1) Journalize Blumenthall's transactions in parts b, c, d, and e.

2)

What was the overall effect of these transactions (parts a-e) on Blumenthall's stockholders' equity?

b.

Issuance of 14 million shares of common stock for $14.50 per share

c. Purchase of 9 million shares of treasury stock for $99 million

d. Sold 7 million of the treasury shares purchased in part c for $105 million

e. Declaration and payment of cash dividends of $36 million

At December 31, 2018, Blumenthall Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). (Click the icon to view the data.) Blumenthall's 2019 transactions included i (Click the icon to view the transactions.) Requirements 1. Journalize Blumenthall's transactions in parts b, c, d, and e. Explanations are not required. 2. What was the overall effect of these transactions (parts a-e) on Blumenthall's stockholders' equity? Requirement 1. Journalize Blumenthall's transactions in b, c, d, and e. Explanations are not required. (Enter amounts in millions as provided to you in the problem statement. Record debits first, then credits. Exclude explanations from any journal entries.) b. Issuance of 14 million shares of common stock for $14.50 per share. Journal Entry Accounts Data Table - X Date Debit Credit x More Info b. 80 Common stock, $4.00 par value per share, 20 million shares issued Paid-in capital in excess of par value Retained earnings Treasury stock, at cost 10 a. Net income, $445 million b. Issuance of 14 million shares of common stock for $14.50 per share c. Purchase of 9 million shares of treasury stock for $99 million d. Sold 7 million of the treasury shares purchased in part c for $105 million e. Declaration and payment of cash dividends of $36 million c. Purchase of 9 million shares of treasury stock for $99 million. 265 (10) Journal Entry Accounts Date Debit Credit 345 Total stockholders' equity C. Print Done Print Done d. Sold million of the treasury shares purchased in partc for $105 million Journal Entry Accounts Debit Date Credit d. Choose from any list or enter any number in the input fields and then continue to the next