Accounting Stockholders Equity Problems. Problems dealing with issuance of stock, treasury stock, retained earnings, dividends, stock splits.

[NOTE]: Answer only problems from #4. The other, previous, problems solutions are provided just in case (to help you out).

[NOTE]: Remember to ONLY answer problems from #4.

Photos 9:53 PM Tue Apr 26 36% Paid-in Capital - Treasury Stock > Common Stock - Par > Retained Earnings > Consultation Service Expense > Treasury Stock > Paid-in Capital in Excess of Par . Photos 9:53 PM Tue Apr 26 36% Photos 9:53 PM Tue Apr 26 36% > October 1, 2021: o Beerbo paid cash to purchase 5,000 shares of its common stock from existing shareholders at $25 per share. October 20, 2021: o Beerbo sells (i.e. reissues) 3,000 shares of its common stock for cash at $30 per share. October 25, 2021: o Beerbo sells (i.e. reissues 2,000 shares of its common stock for cash at $22 per share. Preferred Stock o Shares outstanding: 10,000 o Par value per share: $50 o Original issue price per share: $50 o Preferred dividends: 5% (of face value); paid annually; cumulative As of December 1, 2021, there are no preferred dividends in arrears. The following transactions and events took place regarding Mitter: December 1, 2021: o Mitter's board of directors (BOD) declares total cash dividends of $20,000. December 9, 2021: o Mitter identifies owners of record of both common and preferred shares outstanding. December 31, 2021: o Mitter pays cash dividends (in full) that were declared on December 1, 2021. December 1, 2022: o Mitter's BOD declares total cash dividends of $100,000. December 9, 2022: o Mitter identifies owners of record of both common and preferred shares outstanding December 31, 2022: o Mitter pays cash dividends (in full) that were declared on December 31, 2022. Assume Mitter has the following accounts set up in its general ledger: > Cash > Paid-in Capital in Excess of Par > Common Stock - Par > Preferred Stock - Par Dividends Payable - Common Retained Earnings Dividends Payable - Preferred Vio Problem Fotocambar 101 9:54 PM Tue Apr 26 36%