Chapter 11

Part A:

Part B:

On December 31, 2016, Oriole Company had 1.335.000 shares of $6 par common stock issued and outstanding At December 31, 2016. stockholder equity had the amounts listed here Common Stock Additional Paid-in Capital Retained Earnings $8,010,000 1.760,000 1.100.000 Transactions during 2017 and other information related to stockholders' equity accounts were as follows. 1. On January 10, 2017, issued at $110 per share 119.000 shares of $104 par value, 10% cumulative preferred stock. 2. On February 8, 2017, reacquired 18.500 shares of its common stock for 512 per share 3. On May 9, 2017 declared the yearly cash dividend on preferred stock payable June 10, 2017 to stockholders of record on May 31, 2017 4. On June 8, 2017 declared a cash dividend of $1.25 per share on the common stock outstanding payable on July 10, 2017 to stockholders of record on July 1, 2017 5. Net income for the year was $3,681,000. Prepare the stockholders' equity section of Oriole balance sheet at December 31, 2017 Partial Balance Sheet 1 LLUN UUS und enter TOP the amounts Date Account Titles and Explanation Debit Credit e Textbook and Media Post to the stockholders' equity accounts. (Post entries in the order of journal entries posted in the previous part) Preferred Stock Paid-in Capital in Excess of Par Value Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stoc T LDM di Prepare the paid-in capital portion of the stockholders' equity section at December 31, 2017 BLUE SPRUCE CORP. Partial Balance Sheet e Textbook and Media