Case $8-37($Algo$)$ Analytical case $($part $2)-$prepare stockholders' equity amounts and disclosures for

$2023$ using transaction information LO $8-1,8-2,8-3,8-4,8-6,8-7$

DeZurik Corporation had the following stockholders' equity section in its June $30,2023,$ balance sheet $($in thousands, except share

and per share amounts$)$:

The transactions affecting the stockholders' equity accounts of DeZurik Corporation for the year ended June $30,2023,$ are

summarized here:

$310,000$ shares of common stock were issued at $$14\mathrm{.}00$ per share.

$80,000$ shares of treasury $($common$)$ stock were sold for $$18\mathrm{.}3$ per share.

Net income for the year was $$1,310($in thousands$).$

The fiscal $2023$ preferred dividends were paid in full. Assume that all $85,000$ shares were outstanding throughout the year ended

June $30,2023.$

A cash dividend of $$0\mathrm{.}10$ per share was declared and paid to common stockholders. Assume that transactions $1$ and $2$ occurred

before the dividend was declared.

The preferred stock was split $2$ for $1$ on June $30,2023.($Note: This transaction had no effect on transaction $4.)$

Required:

a$.1.$ Record the effect of transactions $1$ to $6$ in journal entry format.

Calculate the dollar amounts that DeZurik Corporation would report for each stockholders' equity caption on its June $30,2023,$

balance sheet, after recording the effects of transactions $1$ to $6.$ Also the treasury stock was purchased at $$18\mathrm{.}3.$

b$.$ Indicate how the stockholders' equity caption details for DeZurik Corporation would change for the June $30,2023,$ balance sheet,

as compared to the disclosures for the $2022$ balance sheet.

c$.$ What was the average issue price of common stock shown on the June $30,2023,$ balance sheet? Complete this question by entering your answers in the tabs below.

Required A$2$

Record the effect of transactions $1$ to $6$ in journal entry format.

Note: If no entry is required for a particular transaction, select $"$No journal entry required" in the first account field. Enter your answers

in dollars.

Journal entry worksheet

Record the $310,000$ shares of common stock were issued at $$14\mathrm{.}00$ per share.

Note: Enter debits before credits. Complete this question by entering your answers in the tabs below.

Calculate the dollar amounts that DeZurik Corporation would report for each stockholders' equity caption on its June $30,$

$2023,$ balance sheet, after recording the effects of transactions $1$ to $6.$ Also the treasury stock was purchased at $$18\mathrm{.}3.$

Note: Enter your answer in thousands of dollars. Amounts to be deducted should be indicated with a minus sign. Indicate how the stockholders' equity caption details for DeZurik Corporation would change for the June $30,2023,$ balance sheet, as compared to the disclosures for the $2022$ balance

sheet.

Note: Round the preferred stock values in dollars, rounded to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16).$ Do not enter answer in thousands.Complete this question by entering your answers in the tabs below.

What was the average issue price of common stock shown on the June $30,2023,$ balance sheet?

Note: Round your answer to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16)$