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answer the entire question or thumbs down answer whe whole question. All parts or thimbs down DeZurik Corp, had the following stockholders' equity section in
answer the entire question or thumbs down
answer whe whole question. All parts or thimbs down
DeZurik Corp, had the following stockholders' equity section in its June 30,2020 , balance sheet (in thousands, except share and per share amounts): The transactions affecting the stockholders' equity accounts of DeZurlk Corp. for the year ended June 30,2020 , are summarized here 1. 350,000 shares of common stock were issued at $15.90 per share. 2. 70,000 shares of treasury (common) stock were sold for $19.7 per share. 3. Net income for the year was $1,450 (in thousands). 4. The fiscal 2020 preferred dividends were paid in full. Assume that all 85,000 shares were outstanding throughout the year ended June 30,2020 5. A cash dividend of $0.20 per share, was declared and paid to common stockholders. Assume that transactions (1) and (2) occurred before the dividend was declared. 6. The preferred stock was spit 2 for 1 on June 30,2020 . (Note: This transaction had no effect on transaction 4.) Required: a-1. Record the effect of transactions 16 in journal entry format. 0-2. Calculate the dollar amounts that Dezunk Corp. would report for each stockholders' equity caption on its June 30. 2020, balance sheet, after recording the effects of transactons 1-6. Also the treasury stock was purchased at $197. b. Indicate how the stockholders' equity caption details for Dezurik Corp. would chrange for the June 30,2020 , balance sheet, as compared to the disclosures for the 2019 balance sheet. c. What was the average issue price of common stock shown on the June 30,2020 , balance sheet? Calculate the dollar amounts that Dezurik Corp. would report for each stockholders equity caption on its June 30 , 2020, balance sheet, after recording the effects of transactions 1-6. Also the treasury stock was purchased at $19.7. (Enter your answer in thousands of dollars. Amounts to be deducted should be indicated with a minus sign.) Complete this question by entering your answers in the tabs below. Indicate how the stockholders' equity caption details for Dezurik Corp. would change for the June 30, 2020, balance sheet, as compared to the disclosures for the 2019 balance sheet. (Round the preferred stock values in dollars, rounded to 2 decimal places. (e. .. 32.16 ). What was the average issue price of common stock shown on the June 30,2020 , balance sheet? (Round your answer to 2 ) decimal places. (e.9.32.16)) DeZurik Corp. hod the following stockholders' equity section in its June 30, 2020, bolsnce sheet fin thousands, except share and per shore omourts\}: The transoctions affecting the stockholders' equity occounts of DeZurik Corp, for the yeor ended June 30,2020, are summarized here: 1. 350,000 shares of common stock were issued ot $15.90 per share. 2. 70.000 shares of treosury (common) stock were sold for $19.7 per share. 3. Net income for the year was $1,450 (in thous onds). 4. The fiscol 2020 preferred dividends were poid in full. Assume thet oll 85.000 shares were outstanding throughout the year ended lune 30, 2020. 5. A cosh dividend of $0.20 per share was declared ond peid to cornmon stockholders. Assume thot tronsoctons (f) and (2) occurred before the dividend was declored. 6. The preferred stock was split 2 for 1 on June 30,2020 . (Nore: This transaction had no effect on transaction 4.3. Requlfed: a-1. Pecord the effect of transoctions 16 in journel entry formet. a-2. Celculote the dollar amounts that DeZuric Corp. would report for esch stockholders" equity coption on is June 30,2020, baisnce sheet, ofter recording the effects of transactions 1.6. Also the trestury stock was purchosed at $197. b. Indicate how the stockholders" equity coption ceteils for Dezunik Corp. would change for the June 30, 2020, boitence sheet ab compored to the disclosures tor the 2019 balance sheet. c. What was the overage issue price of common stock shown on the June 30,2020 , bolance sheet? Complete this question by entering your answers in the tabs below. Journal entry worksheet The transoctions affecting the stockholders' equity sccounts of DeZurik Corp. for the yesr ended June 30, 2020, are 9 ummorized h 1. 350,000 sheres of common stock were itsued at $15,90 per share. 2.70.000 shares of treosury (common) stock were sold for $197 per thare. 3. Net income for the yeor was 51,450 (in thousonds). 4. The facol 2020 preferted dividends were psid in full. Assume that sil 85,000 sheres were outstanding throughout the year endec June 30, 2020, 5. A cash dividend of $0.20 per share wos declared and poid to common stockholders. Assume that transoctions (\$) and (2) occurrec before the dividend was declared: 6. The preferred stock was split 2 for 1 on zune 30, 2020. (Nose: This wonasction had no effect on transaction 4 ) Reciulred: a-1. Record the effect of tronsocsions 16 in joums entry format. a-2. Calculote the dolior amounts that DeZurik Corp. Would report for eoch stockholders' equity coption on its June 30, 2020, bolance sheek, sfter recording the effects of transpctions 1.6. Also the reasury stock wica purchased ot $19.7. b. Hdicote how the stockhoiders' equity coption cetsils for DeZuric Corp. would cherge for the June 30, 2020, balonce sheet, as compored to the disclosures for the 2019 baience sheet. c. What was the overoge issue price of common a:ock shown on the June 30,2020 , belance sheet? Complete this question by entering your answers in the tabs below. required in the first account field. Eater yeur ar wimers in dolars. Journal entry worksheet Thecord the 350,000 whare of comnian stock wert itsued of 175.52 per share. Mode: Finter tobits tedirt trastr. Journal entry worksheet 4. :5 Record the 70,000 shares of treasury (common) stock were sold for $19.7 per share. Note: Enter deblts before credits. Journal entry worksheet 1 R 2 Record the net income for the year. was $1,450 (in thousands). Note: Enter debits befare credits. Journal entry worksheet Step by Step Solution
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