(C)

(D)

(E)

(F)

(G)

Marigold Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 18.000 shares for cash at $59 per share. July 1 Issued 11,000 shares for cash at $63 per share. (a) Journalize the transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit (b). Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Date Explanation Ref. Debit Credit Balance Feb. 1 July 1 Paid-in Capital in Excess of Par-Preferred Stock Date Explanation Ref. Debit Credit Balance Feb. 1 July 1 The corporate charter of Whispering Winds Corporation allows the issuance of a maximum of 34,900,000 shares of $1 par value common stock. During its first three years of operation, Whispering issued 2,200,000 shares at $17 per share. It later acquired 37,000 of these shares as treasury stock for $26 per share. Based on the above information, answer the following questions: How many shares were authorized? Authorised shares shares eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer How many shares were issued? Shares issued shares e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer How many shares are outstanding? Outstanding shares shares e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer What is the balance of the Common Stock account? Balance of the Common Stock account $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer le What is the balance of the Treasury Stock account? Balance of the Treasury Stock account $ $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit