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5 of 7 (7 complete) HW Score: 71.43%, 5 of 7 pts Score: 0 of 1 pt X E10-46B (similar to) Question Help At December
5 of 7 (7 complete) HW Score: 71.43%, 5 of 7 pts Score: 0 of 1 pt X E10-46B (similar to) Question Help At December 31, 2018, Sidestep Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). B (Click the icon to view the data.) Sidestep's 2019 transactions included (Click the icon to view the transactions.) Requirements 1. Journalize Sidestep'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 Sidestep's stockholders' equity? Requirement 1. Journalize Sidestep'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 4 million shares of common stock for $16.50 per share. Data Table Journal Entry Accounts Date Debit Credit Common stock, $2.00 par value per share, 23 million shares issued Paid-in capital in excess of par value $ i More Info Retained earnings Treasury stock, at cost 289 Total stockholders' equity a. Net income, $445 million b. Issuance of 4 million shares of common stock for $16.50 per share c. Purchase of 9 million shares of treasury stock for $126 million d. Sold 5 million of the treasury shares purchased in partc for $75 million e. Declaration and payment of cash dividends of $30 million Print Done Print Done
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