Assets Current assets. Amount 34,500 97,700 Property and equipment, net. $ 132,200 37,400 Total assets Liabilities and Equity Liabilities Stockholders' equity: $0.35 cumulative preferred stock, $20 par, 100 shares issued Common stock, $8 par, 6,600 shares issued Paid-in capital in excess of par-common Retained earnings 2,000 52,800 18,000 22.000 Total liabilities and equity $ 132,200 Feb Jun Aug 13 Issued 5,600 shares of common stock for $10 per share. 7 Declared the regular cash dividend on the preferred stock. 24 Paid the cash dividend. 9 Declared and distributed a 10% stock dividend on the common stock. Market price of the common stock was $14 per share. 26 Reacquired 900 shares of common stock as treasury stock, paying $19 per share. 20 Sold 200 shares of the treasury stock for $23 per share. 31 Declared a cash dividend of $0.30 per share on the outstanding common stock; dividends will be paid in January, 2020. Oct Nov Dec Print Done ut fields and then continue to the next question. Book Pro Read the requirements. Requirement 1. Joumalize Venice Jewelry's transactions. Explanations are not required. (Record debits first, then credits. Exc Feb 13: Issued 5,600 shares of common stock for $10 per share. Journal Entry Date Feb 13 Accounts Debit Credit Jun 7: Declared the regular cash dividend on the preferred stock. Journal Entry Date Accounts Jun 7 Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. MacBook Pro Journal Entry Accounts Date Debit Credit Jun 7 Jun 24: Paid the cash dividend. Journal Entry Accounts Date Debit Credit Jun 24 Choose from any list or enter any number in the input fields and then continue to the next question. 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 Date Accounts Debit Credit Aug 9 Oct 26: Reacquired 900 shares of common stock as treasury stock, paying $19 per share. Journal Entry Debit Date Accounts Credit Oct 26 Choose from any list or enter any number in the input fields and then continue to the next question. 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 Date Accounts Debit Credit Aug 9 Oct 26: Reacquired 900 shares of common stock as treasury stock, paying $19 per share. Journal Entry Accounts Debit Date Credit Oct 26 Choose from any list or enter any number in the input fields and then continue to the next question Od 26: Reacquired 900 shares of common stock as treasury stock, paying $19 per share. Joumal Entry Date Accounts Debit Credit Oct 26 Nov 20: Sold 200 shares of the treasury stock for $23 per share. Date Journal Entry Accounts 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. (Round your answer Journal Entry Credit Dec 31 Date Accounts Debit Requirement 2. Report the company's stockholders' equity at December 31, 2019. Net income for 2019 was $27,000. (Enter the Venice Jewelry Company Balance Sheet (partial) December 31, 2019 Stockholders' Equity $ par $ shares par shares shares Choose from any list or enter any number in the input fields and then continue to the next question 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
