a. organize a transaction data in accounts under and accounting equation (enter any decreases to account balances with the minus sign. not all cells require input.)

c- 1. what is the number of common shares of standing at the end of year one? The end of year too? how many, shares have been issued at the end of year 1? send of your two? (My mom said I should be indicator with the minus sign.)

c-2. are there any differences between issued and outstanding common shares for year one and for year two?

Required information Problem 11-20A (Algo) Recording and reporting stock transactlons and cash dlvidends across two occounting cycles LO 11-3, 11-6 [The following information applies to the questions displayed be/ow.] Sun Corporation recelved a charter that authorized the issuance of 82000 shares of $6 par common stock and 18,000 shares of $75 par, 6 percent cumulative preferred stock. Sun Corporation completed the followng transactions during its first two years of operation. Year 1 3an. 5 sold 12,300 shares of the 16 par common stock for is per share. 12 . Sold 1,808 shares of the 6 percent preferred stock for $85 per ithare. Apr. 5 Sold 16,400 shares of the 56 par comen stock for 310 per share. Dec.31 arithg the year, earned 3306 , 9ee in cash revenue and pald 5235,200 for cash operating expenses. 31 declared the cash dividend on the outstanding shares of preferred stock for Year 1 . The dividend will be paid on February 15 to stoctholders of record on January 10, Year 2. Year 2 Feb.is paid the cash dividend declared on Decerber 31 , Year 1. Mor. 35010.2,706 shares of the $75 par preferred stock for 195 per share. May. 5 Aurchased 550 shares of the comon stock as treasury stock at $12 per share. becis1 burling the year, eamed 3246,900 in cash revenues and pald 5175, eee for cash operating expenses. 31 Declared the annual dividend on the preferted stock and as se, se per share dividend on the connon stock. Problem 11.26A (Algo) Pert a 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 Problem 11.26A (Algo) Recording and reporting stock transactlons and cash dividends across two occounting cycles LO 11-3, 11.0 [The following information applles to the questions displayed below.] Sun Corporation recelved a charter that authorized the issuance of 82000 shares of $6 par common stock and 18,000 shares of $75 par, 6 percent cumulative preferred stock. Sun Corporation completed the followng transactions during its first two years of operation. Year 1 Jan. 5 Sold 12,300 shares of the $6 par comon stock for $8 per share. 12. Sold 1,800 shares of the 6 percent preferred stock for $85 per share. Apo. 5 Sold 16,400 shares of the 96 par comon stock for $10 per share. Dec. 31 During the year, earned $306,900 in cash revenue and pald $235,200 for cash operating expenses. 31 Peclared the cash dividend on the cutstanding shares of preferred stock for Year 1 . The dividend will be paid on Fetruary 15 to stoctholders of record on Jamuary 10, Year 2. Year 2 Feb.15 paid the cash dividend declared on Decenber 31, Year 1. Nar. 3 sold 2, 7oe shares of the $75 par preferred stock for $95 per share. Nay. 5 Purchased 550 shares of the comon stock as treasury stock at $12 per share. Dec. 31 During the year, eamed $246,900 in cash revenues and paid $175,000 for cash operating expenses. 31 beclared the aminal dividend on the preferred stock and a 50.50 per share dividend on the connon stock. Problem 11-26A (Algo) Pert c c-1. What is the number of common shares outstanding at the end of Year 1? At the end of Year 2? How many common shares had been issued at the end of Year 1? At the end of Year Z? (Amounts to be deducted should be indicated with minu sign.) c-2. Are there any differences between issued and outstanding common shares for Year 1 and Year 2