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At December 31, 2021, Southern Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). (Click the icon to
At December 31, 2021, Southern Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). (Click the icon to view the data.) Southern's 2022 transactions included (i) (Click the icon to view the transactions.) Requirements 1. Journalize Southern'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 Southern's stockholders' equity? b. Issuance of 12 million shares of common stock for $12.00 per share. c. Purchase of 4 million shares of treasury stock for $52 million. Data table More info a. Net income, $448 million b. Issuance of 12 million shares of common stock for $12.00 per share c. Purchase of 4 million shares of treasury stock for $52 million d. Sold 3 million of the treasury shares purchased in part c for $45 million e. Declaration and payment of cash dividends of $31 million
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