277 Sun Corporation received a charter the authorised the sence of 92,000 shares of 97 per common stock and 20.000 Share 7575 pat, 8 percentuale preferred stock Sin Corporation completed the following transaction during first two years of operation 2018 J. 5 dola 13, 101 shares of the greek for per share 12 Sold 3,106 mars of the prost preferred to forse share. Apr. od 10,400 shares of the 7 Ar tok for share. Deo. in earned 1310,100 in cash revenge and paid $235.330 fre sa sperating exp. 31 telared the chaithe atanding shares of preferred to to 2018. The dividend Vield on Frey I helders of od on January 10, 2013. 2009 Pebis maid the cash dividend deared on December 11, 2018 Nar. od 3.000 are at the 17 pered work for 1 pe where Nay. Purchased 50 share of the stach ar 114 per share. Dec. During the year, em 254,150 in cash and 1170,700 for cash peringe 11 Dared the se dividend the preferred to and 58.93 perware divided on the e Required - Organize the ansaction in courts under an accounting equation Enter any decreases to account balances with a mis sign. Indicating to provide aparate effect on accounting equation for Revenue, Operating and leave the call blank there is no effect) Sot Paid E Releed AT E Block OLI 27900 - DO . 104.2001 50.000 ol OP CE OF o- GE DET ole VO Decal 0620 O DE OOG 21.00 D 0 0 Required Information The following information applies to the questions displayed below.) Sun Corporation received a charter that authorized the issuance of 92,000 shares of $7 par common stock and 20,000 shares of $75 par, 8 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation: 2018 Jan. 5 Sold 13,800 shares of the 87 par common stock for $9 per share. 12 Sold 2,000 shares of the 8 percent preferred stock for $85 per share. Apr. 5 Sold 18,400 shares of the $7 par common stock for $11 per share. Dec.31 During the year, earned $310,800 in cash revenue and paid $235,300 for cash operating expenses. 31 Declared the cash dividend on the outstanding sharen of preferred stock for 2018. The dividend will be paid on February 15 to stockholders of record on January 10, 2019. 2019 Feb. 15 Paid the cash dividend declared on December 31, 2018. Mar. 3 Sold 3,000 shares of the $75 par preferred stock for $95 per share. May. 5 Purchased 550 shares of the common stock as treasury stock at $14 per share. Dec.31 During the year, earned $254,100 in cash revenues and paid $128,700 for cash operating expenses. 31 Declared the annual dividend on the preferred stock and a $0.50 per share dividend on the common stock. Required a. Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. Indicating to provide separate effect on accounting equation for Revenue, Operating expense, and leave the cell blank it there is no effect.) Sun Corporation Required a. Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with minun sign. Indicating to provide separate effect on accounting equation for Revenue, Operating expense, and love the cell blank of there is no effect.) Answer is not complete. Bun Corporation Accounting Beholders Event Liabile plain Dividende Payable Common Mok Preferred Dinek Cash Paid Capri Excess of Preferred Demon Deck 0 21600- - . 96.500 . 0 . al 01 0. 00 0. 0. ooooo 2018 Jan 5 Jan 12 Apr.s Dec 31 Dec 31 Dec 31 Ba O. O. 01 0 . O. . 124,200 170,000 0 0 0- 0 294,200 - - Oooolog 01. 0 O. O 0 o 27.500 01. 0 . . O. 96.600 + o 0 2019 1- OB O. o. O. 0. ol. . 0. O. 1 0. DOI: 0 . OOOOOO . - 00- Fo.15 Mar 3 May 5 Dec 31 Dec 31 Dec 31 ORI- ORI- U- 0 0 - o- 294200 0. o. O 031 0. . O. . 01. 1. 96.800 . 27.500 D 0 of 9 5 6 7