Can you make sure if the rest are correct
X Data Table $ 870,000 22,600,000 Stockholders' Equity Contributed Capital: Common Stock, $1 par value, 3,975,000 authorized and 870,000 shares issued, and 821,500 shares outstanding Additional Paid-in Capital in Excess of Par - Common Total Contributed Capital Retained Earnings Accumulated Other Comprehensive Income Less: Treasury Stock (85,000 common shares at cost) Total Stockholders' Equity $ 23,470,000 $ 9,106,200 1,093,600 (1,445,000) $ 32,224,800 Print Done Partyline, Inc. reported the following shareholders' equity section as of the beginning of the current year. : (Click the icon to view the data.) During the current year, Partyline engaged in the following transactions affecting the stockholders' equity section of its current balance sheet. Prepare all journal entries required to record the following transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) 1. Issued 700,000 shares of its $1 par value common stock at $27 per share. The underwriter charged a 2% fee for issuing the shares. The stock issue costs are not capitalized. Account Current Year Cash 18522000 378000 Accumulated Other Comprehensive Income Additional Paid-in Capital in Excess of Par - Common Common Stock - Par 18200000 700000 2. Issued 250,000 shares of $11 par value 5% preferred stock (2,700,000 authorized) at $42 per share. These shares were privately placed and Partyline did not pay stock issue costs. Account Current Year Cash 10500000 Preferred Stock - Par 2750000 Additional Paid-in Capital in Excess of Par - Preferred 7750000 3. Purchased 190,000 shares of common stock at $28 per share. Account Current Year 5320000 Treasury Stock Cash 5320000 4a. Declared a $388,750 dividend for the first half of the year. (The declarations should be recorded separately for the common and the preferred shares.) Begin by preparing the entry to record the declaration of the dividend on preferred shares. Account Current Year Cash 388750 Dividend Payable - Preferred Stock 388750 4b. Declared a $388,750 dividend for the first half of the year. (The declarations should be recorded separately for the common and the preferred shares.) Now prepare the entry to record the declaration of the dividend on common shares. Current Year Account Retained Earnings Dividend Payable - Common Stock 388750 388750 5. Sold 103,000 of the treasury shares at $47 per share. (The 85,000 treasury shares on hand at the beginning of the year are considered sold first. The company paid $17 per share for these shares of treasury stock). Account Current Year Cash 4841000 Additional Paid-in Capital from Treasury Stock Transactions Treasury Stock 6. Paid the cash dividends. (Prepare a compound entry to record payment of the preferred and common stock dividends.) Account Current Year 7. Reported net income of $3,015,400 for the current year. Account Current Year 8. Declared a $388,750 cash dividend for the second half of the year. (The declarations should be recorded separately for the common and the preferred shares.) 8a. Begin by preparing the entry to record the declaration of the dividend on preferred shares. Account Current Year 8b. Next prepare the entry to record the declaration of the dividend on common shares. Account Current Year
