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All one question Venice Jewelry Company reported the following summarized balance sheet at December 31, 2018: (Click the icon to view the statement.) During 2019,
All one question
Venice Jewelry Company reported the following summarized balance sheet at December 31, 2018: (Click the icon to view the statement.) During 2019, Venice Jewelry completed these transactions that affected stockholders' equity: (Click the icon to view the transactions.) Read the requirements Oct 26: Reacquired 500 shares of common stock as treasury stock, paying $17 per share. Journal Entry Accounts Date Debit Credit Oct 26 Nov 20: Sold 400 shares of the treasury stock for $22 per share. Journal Entry Accounts Date Debit Credit Nov 20 Choose from any list or enter any number in the input fields and then continue to the next question. Dec 31: Declared a cash dividend of $0.30 per share on the outstanding common stock; dividends will be paid in January, 2020 Journal Entry Accounts Date Debit Credit Dec 31 Requirement 2. Report the company's stockholders' equity at December 31, 2019. Net income for 2019 was $30,000. (Enter the ac Venice Jewelry Company Balance Sheet (partial) December 31, 2019 Stockholders' Equity: Choose from any list or enter any number in the input fields and then continue to the next question. LUU, CCR le icon to view the statement.) During 2019, Venice Jewelry completed these transactions that affected stockholders' equity: (Click the icon to view the transactions.) Read the requirements Venice Jewelry Company Balance Sheet (partial) December 31, 2019 Stockholders' Equity: $ par shares $ par shares shares Total paid-in capital shares Total stockholders' equity Choose from any list or enter any number in the input fields and then continue to the next question. MacBook Venice Jewelry Company reported the following summarized balance sheet at December 31, 2018: Click the icon to view the statement.) During 2019, Venice Jewelry completed these transactions that affected stockholders' equity: (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize Venice Jewelry's transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from a Feb 13: Issued 5,700 shares of common stock for $10 per share. Date Journal Entry Accounts Debit Credit Feb 13 Jun 7: Declared the regular cash dividend on the preferred stock. Journal Entry Accounts Date Debit Credit Jun 7 Choose from any list or enter any number in the input fields and then continue to the next question. MacBook Venice Jewelry Company reported the following summarized balance sheet at December 31, 2018: Click the icon to view the statement.) During 2019, Venice Jewelry completed these transactions that affected stockholders' equity: (Click the icon to view the transactions.) Read the requirements. Jun 24: Paid the cash dividend. Journal Entry Accounts Date Debit Credit Jun 24 Aug 9: Declared and distributed a 10% stock dividend on the common stock. Market price of the common stock was $14 per share. Journal Entry Accounts Date Debit Credit Aug 9 Choose from any list or enter any number in the input fields and then continue to the next question. X Data Table Amount Assets Current assets $ ...... 33,400 102,600 Property and equipment, net. $ 136,000 ... 37,900 Total assets Liabilities and Equity Liabilities Stockholders' equity: $0.15 cumulative preferred stock, $10 par, 1,000 shares issued Common stock, $8 par, 5,700 shares issued Paid-in capital in excess of par-common . n sto 10,000 45,600 17,500 25,000 Retained earnings $ 136,000 Total liabilities and equity ... Print Done Step by Step Solution
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