19)

18)

Blue Spruce Corporation has the following accounts at December 31: Common Stock. $8 par, 5,550 shares issued, $44,400; Paid-ir Capital in Excess of Par-Common Stock $33,100; Retained Earnings $46,000; and Treasury Stock, 500 shares, $10,500. Prepare the stockholders' equity section of the balance sheet. (Enter the account name only and do not provide the descriptive Information provided in the question.) BLUE SPRUCE CORPORATION Balance Sheet (Partial) For the Quarter Ended December 31 December 31 For the Year Ended December 31 $ BLUE SPRUCE CORI Balance Sheet Additional Paid-in Capital Capital Stock Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Paid-in Capital Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity Total Paid-in Capital Total Paid-in Capital and Retained Earnings On July 1. Culver Corporation purchases 500 shares of its $5 par value common stock for the treasury at a cash price of $10 per share. On September 1, it sells 250 shares of the treasury stock for cash at $12 per share Journalize the two treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Date July 1 Sept. 1