7.)

last column that was cut off in the pucture says "Account Titles for Retained Earnings"

Check 7 Part 1 of 3 Required Information The following information applies to the questions displayed below.) Sun Corporation received a charter that authorized the issuance of 80,000 shares of $7 par common stock and 19.000 shares of $100 par, 5 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation 0.9 Toints Year 1 Jan. 5 sold 1,000 whare of the partok forward 12. Bola 1.900 shares of the percent preferred stock for $110 per where Apr. sold 16,000 shares of the 87 par common stock for 1 per share Dec.31 During the year and $312.500 in canh revenue and paid $236.100 for cash operatiny pancen 31 Declared the daw dividend on the outstanding shares of preferred stock for Year 1 The dividend will be paid on February is to stockholders of record on January 10, Year 2. ferences Year 2 Feb. 15 paid the cash dividend declared on December 31, Y. Mar. 3 Bold 2.850 shares of the 5100 par preferred stock for $130 per share May. Purchased 500 shares of the common stock as traury stock at 14 per share Dec.31 During the year, earned $250, 100 in cash revenues and paid $172,700 for cash operating expenses. 31 Declared the annual dividend on the preferred stock and $0.50 per bare dividend on the common stook Required a. Organize the transaction data in accounts under an accounting equation (Enter any decreases to account balances with a minus sign. Not all cells require input.) Required information SUN CORPORATION A Egin Evan No Dividends Payable Preferred Sloe Common Sibos Cash Pild-in Capital in Ees of Par Preferred Stock Paldin Capital in ECCONS of Par Common Slach Truesury Stue ned Earning Acco Retalni . Year Jans Jan. 12 Apr 5 Dec 31 Dec 31 Dec 31 Bal 1... + + - ..... + . . . + Year 2 Feb 15 Mar 3 May 5 Dec 31 Dec 31 Dec 31 Bal ...... . +++ +++ .... + 7 008