AXA 10.2

Madrid Jewelry Company reported the following summarized balance sheet at December 31, 2018: Click the icon to view the statement.) During 2019, Madrid Jewelry completed these transactions that affected stockholders' equity: i (Click the icon to view the transactions.) Read the requirements. Data Table Assets Amount Current assets ........ 33,700 Property and equipment, net ......... 124,300 Total assets ........................ $ 158,000 Liabilities and Equity Liabilities .... .........$ 37,000 Stockholders' equity: $0.90 cumulative preferred stock, S15 par, 600 shares issued . 9,000 Common stock, $10 par, 6,500 shares issued 65,000 Paid in canital in excess of nar=common 18.000 Print Done i Data Table 158,000 37,000 Property and equipment, net ........... $ Total assets Liabilities and Equity Liabilities ..............$ Stockholders' equity: $0.90 cumulative preferred stock, $15 par, 600 shares issued Common stock, $10 par, 6,500 shares issued Paid-in capital in excess of par-common Retained earnings Total liabilities and equity 9,000 65,000 18,000 29,000 158,000 Print Done i More Info Feb Jun Aug 13 Issued 5,800 shares of common stock for $11 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 300 shares of common stock as treasury stock, paying $18 per share. 20 Sold 100 shares of the treasury stock for $21 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 Requirements 1. Journalize Madrid Jewelry's transactions. Explanations are not required. 2. Report the company's stockholders' equity at December 31, 2019. Net income for 2019 was $30,000. Print Done