ALT-STOCK-DIVIDEND ALT-STOCK-DIVIDEND TOTAL SCORE: 0/14 There are 5 problems in this set. Choose a number between 1 and 5: 1 NE DATE GENERAL JOURNAL DEBIT CREDIT GRADE Date Transaction 1/1/17 0 0 1/1/17 Reeves Corporation issued 100,000 shares of $1.00 par common stock at a price of $1.00 per sl 1 2 3 4 12/31/17 5 6 7 12/31/17 8 9 10 12/31/17 11 12 13 14 15 16 17 18 19 20 21 22 12/31/17 23 24 25 26 1/15/18 27 28 29 30 31 32 TRIAL BALANCE CASH ACCOUNTS RECEIVABLE LAND ACCOUNTS PAYABLE COMMON STOCK COMMON STOCK DISTRIBUTABLE PAID IN CAPITAL IN EXCESS OF PAR PREFERRED STOCK RETAINED EARNINGS REVENUE EXPENSES DEBIT CREDIT IN BALANCE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12/31/17 Reeves earned revenue on account this year of $80,000. 12/31/17 Reeves incurred expenses on account this year of CLOSING THE ACCOUNTS 12/31/17 Debit Revenue for total revenue carned. Credit Expenses for total expenses incurred. Credit the net income amount to Retained Earnin Right now, your stockholders' equity looks like th COMMON STOCK PAID-IN CAPITAL IN EXCESS OF PAR TOTAL PAID IN CAPITAL RETAINED EARNINGS TOTAL STOCKHOLDERS' EQUITY 12/31/17 Reeves declared a 10.00% stock dividend when t of the stock was $1.50 per share. Debit RE for shares * $1.50, credit CS for par,cre 1/15/18 The shares were distributed and stockholders' equ COMMON STOCK PAID-IN CAPITAL IN EXCESS OF PAR TOTAL PAID IN CAPITAL RETAINED EARNINGS TOTAL STOCKHOLDERS' EQUITY