Question
at the end of 2013 Hayley corporation had the following corporation had the following equity accounts and balances: Common stock , $10 par $800.00 Additional
at the end of 2013 Hayley corporation had the following corporation had the following equity accounts and balances: Common stock , $10 par $800.00 Additional paid-in capital -common stock 200,000 retained earnings 279,000 During 2014, Haley engaged in the following tansactions involving its equity accounts: A. Sold 5,000 shares of common stock for $19 per share. b. sold 1,200 shares of 12%. $50 par preferred stock at $75 per share. c. Declared and paid cash dividends of $22,000 D Repurchased 1,000 shares of treasury stock(common) for $24 per share. E. Sold 300 of the treasury shares fro $26 per share. Required: 1. Prepare the journal entries for Transactions a-e 2. assume the 2014 net income was $123,700. Prepare a statement of stockholders equity at December 31, 2014.
I just need to statement of stockholders equity done .....
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started