At December 31, 2018, Pioneer Corporation reported the stockholders' equity accounts shown here (with dollar Pioneer's 2019 transactions included amounts in millions, except per-share amounts). (Click the icon to view the transactions.) (Click the icon to view the data.) Requirements 1. Journalize Pioneer's transactions in parts b, c, d, and e. Explanations are not required. 2. What was the overall effect of these transactions (parts a-e) on Pioneer's stockholders' equily? Requirement 1. Journalize Pioneer's transactions in b, c, d, and e. Explanations are not required. (Enter amounts in millions as provided to you in the problem statement. Record debits first, then credits. Exclude explanations from any journal entries.) b. Issuance of 8 million shares of common stock for $16.00 per share Journal Entry Accounts Date Debit Credit Data Table b. Common stock, $1.00 par value per share, 25 million shares Issued 25 Pald-in capital in excess of par value 88 c. Purchase of 6 million shares treasury stock for $78 million. Retained earnings 250 (90) Journal Entry Accounts Treasury stock, at cost Date Debit Credit $ 273 C. Total stockholders' equity Print Done Choose from any list or enter any number in the input fields and then continue to the next question. At December 31, 2018, Pioneer Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). (Click the icon to view the data.) Pioneer's 2019 transactions included A (Click the icon to view the transactions.) Requirements 1. Joumalize Pioneer's transactions in parts b, c, d, and e. Explanations are not required. 2. What was the overall effect of these transactions (parts a-e) on Pioneer's stockholders' equity? d. Sold 4 million of the treasury shares purchased in partc for S60 million Journal Entry Date Accounts Debit Credit d More Info e 1. Declaration and payment of cash dividends of $31 million Journalize the declaration of the dividend only. You will prepare the joumal entry for the payment of the dividend next. a. Net income, $450 million b. Issuance of 8 million shares of common stock for $16.00 per share c. Purchase of 6 million shares of treasury stock for $78 million d. Sold 4 million of the treasury shares purchased in partc for S60 million e. Declaration and payment of cash dividends of $31 million Journal Entry Accounts Date Debit Credit e 1 Print Done e 2. Declaration and payment of cash dividends of $31 million. e 2. Declaration and payment of cash dividends of $31 million. Now journalize the payment of the cash dividends. Journal Entry Accounts Date Debit Credit e 2. Requirement 2. What was the overall effect of these transactions (parts a through e) on Pioneer's stockholders' equity? The overall net effect on stockholders' equity is a of $
