At December 31, 2021, Pioneer Corporation reported the stockholders' equity accounts shown here with dollar amounts in millions, except per-share amounts). B Click the icon to view the data.) Pioneer's 2022 transactions included (Click the icon to view the transactions.) 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' equity? 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 18 million shares of common stock for $12.00 per share. Journal Entry Date Accounts Debit Credit b. c. Purchase of 3 million shares of treasury stock for $42 million Journal Entry Accounts Date Debit Credit C. At December 31, 2021. 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 2022 transactions included (Click the icon to view the transactions.) Requirements 1. Journalize Pioneer's transactions in parts b, c, Explanations are not required. 2. What was the overall effect of these transaction on Pioneer's stockholders' equity? d. Sold 2 million of the treasury shares purchased in partc for $30 million Journal Entry Date Accounts Debit Credit d. . e 1. Declaration and payment of cash dividends of $27 million. Journalize the declaration of the dividend only. You will prepare the journal entry for the payment of the dividend next. Journal Entry Date Accounts Debit Credit e 1. At December 31, 2021, Pioneer Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts), E (Click the icon to view the data.) Pioneer's 2022 transactions included (Click the icon to view the transactions.) 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 on Pioneer's stockholders' equity? e 2. Declaration and payment of cash dividends of $27 million. Now Journalize the payment of the cash dividends. Journal Entry Accounts Dato Dobit Credit e 2 Requirement 2. What was the overall effect of these transactions (parts a through e) on Pioneer's stockholders' equity? (Enter a decrease with a minus sign or parentheses) The overall net increase (decrease) on stockholders' equity, in millions, is Data table $ 72 Common stock, $3.00 par value per share, 24 million shares issued Paid-in capital in excess of par value Retained earnings 36 280 (80) Treasury stock, at cost Total stockholders' equity $ 308 More info 1 - a. Net income, $447 million b. Issuance of 18 million shares of common stock for $12.00 per share c. Purchase of 3 million shares of treasury stock for $42 million d. Sold 2 million of the treasury shares purchased in part c for $30 million e. Declaration and payment of cash dividends of $27 million
