2. London Jewelry Company reported the following summarized balance sheet at December 31, 2018: (Click the icon to view the statement.) During 2019, London Jewelry completed these transactions that affected stockholders' equity: 2(Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize London Jewelry's transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Feb 13: Issued 5,600 shares of common stock for $12 per share. Date Debit Credit Feb 13 Journal Entry Accounts (1) Cash (2) Common Stock (3) Paid-in Capital in Excess of Par-Common (4) Jun 7: Declared the regular cash dividend on the preferred stock. Journal Entry Accounts Debit Credit Date Jun 7 (5) Jun 24: Paid the cash dividend. Journal Entry Accounts Debit Credit Date Jun 24 (9) (10) (11) (12) Aug 9: Declared and distributed a 10% stock dividend on the common stock Market price of the common stock was $16 per share. Journal Entry Accounts Date Debit Credit Aug 9 (13) (14) (15) (16) Oct 26: Reacquired 700 shares of common stock as treasury stock, paying $17 per share. Journal Entry Accounts Debit Date Oct 26 (17) (18) (19) (20) Nov 20: Sold 500 shares of the treasury stock for $20 per share. Journal Entry Accounts Debit Credit Date Nov 20 (21) (22) (23) (24) Dec 31: Declared a cash dividend of $0.30 per share on the outstanding common stock; dividends will be paid in January, 2020. (Round your answer to the nearest whole dollar.) Journal Entry Accounts Debit Credit Date Dec 31 (25) Requirement 2. Report the company's stockholders' equity at December 31, 2019. Net income for 2019 was $29,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) London Jewelry Company Balance Sheet (partial) December 31, 2019 Stockholders' Equity: $ (29) (30) $ $ par par Shares L TA F shares shares (31) (32) shares (33) (34) (35) Total paid-in capital (36) (37) O shares (38) (38) Total stockholders' equity 1: Data Table Assets Current assets Amount ......$ 34,000 110,700 Property and equipment, net $ 144,700 ........ $ 37,900 Total assets Liabilities and Equity Liabilities Stockholders' equity: $0.30 cumulative preferred stock, $5 par, 100 shares issued Common stock, $10 par, 5,700 shares issued Paid-in capital in excess of par-common 500 57,000 17,300 32,000 Retained earnings Total liabilities and equity $ 144,700 2: More Info Feb Jun 13 7 24 9 Aug Issued 5,600 shares of common stock for $12 per share. Declared the regular cash dividend on the preferred stock. Paid the cash dividend. Declared and distributed a 10% stock dividend on the common stock. Market price of the common stock was $16 per share. Reacquired 700 shares of common stock as treasury stock, paying $17 per share. Sold 500 shares of the treasury stock for $20 per share. Declared a cash dividend of $0.30 per share on the outstanding common stock; dividends will be paid in January, 2020. Oct Nov Dec 26 20 31 3: Requirements 1. Journalize London Jewelry's transactions. Explanations are not required. 2. Report the company's stockholders' equity at December 31, 2019. Net income for 2019 was $29,000