8-9

8. 1000 points value Required: 1. Record each of these transactions. (If no entry is required for a particular transaction, select "No journal View transaction list Journal entry worksheet Issue 120,000 shares of common stock for $56 per share. Note: Enter debits before credits Date General Journal Credit January 02, 2018 Record entry Clear entry View general journal value 8.10.00 points Required: 1. Record each of these transactions. (If no entry is required for a particular transaction, select "No journal View transaction list Journal entry worksheet Issue 46,000 shares of preferred stock for $13 per share. Note: Enter debits before credits. Date General Journal Debit Credit February 14, 2018 Record entry Clear entry View general journal 8. 10.00 points value Required: 1. Record each of these transactions. (If no entry is required for a particular transaction, select "No journal ent View transaction list Journal entry worksheet Repurchase 12,000 shares of its own common stock for $46 per share. Note: Enter debits before credits. Date General Journal Debit Credit May 08, 2018 Record entry Clear entry View general journal 8. 1000 points alue Required 1. Record each of these transactions. (If no entry is required for a particular transaction, seleot "No journal entry require View transaction list Journal entry worksheet Reissue 6,000 shares of treasury stock for $51 per share. Note: Enter debits before credits. Date General Journal Debit Credit May 31, 2018 Record entry Clear entry View general journal value 10.00 polnts Required: 1. Record each of these transactions. (If no entry is required for a particular transaction, select "No journal entry require View transaction list Journal entry worksheet Record the declaration of cash dividends. Note: Enter debits before credits Date General Journal Debit Credit December 01, 2018 Record entry Clear entry View general journal 8. 10,00 points value Required: 1. Record each of these transactions. (If no entry is required for a particular transaction, select "No journal entry View transaction list Journal entry worksheet 7 Record the entry on the date of record. Note: Enter debits before credits Date General Journal Debit Credit December 15, 2018 Record entry Clear entry View general journal value 10.00 points Required 1. Record each of these transactions. (If no entry is required for a particular transaction, select "No journal entry View transaction list Journal entry worksheet 2 7 Pay the cash dividends declared on December 1. Record the payment of cash dividends Note: Enter debits before credits Date General Journal Debit Credit December 30, 2018 Record entry Clear entry View general journal 10.00 points equity section of the balance sheet as of December 31, 2018. Net income for the year was $476,000. (Amounts to be deducted should be indicated by a minus sign.) 9. value: 10.00 points 018. Net inco 2. Prepare the stockholders' equity section of the balance sheet as of December 31, 2 MAJOR LEAGUE APPAREL Balance Sheet (Stockholders Equity Section) December 31, 2018 Stockholders' equity Total paid-in capital Total stockholders' equity