Cheyenne Corp. was organized on January 1, 2017. It is authorized to issue 21,000 shares of 7%, $53 par value preferred stock and 454,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year.

Jan.	10		Issued 67,000 shares of common stock for cash at $4 per share.
Mar.	1		Issued 1,140 shares of preferred stock for cash at $56 per share.
May	1		Issued 112,000 shares of common stock for cash at $7 per share.
Sept.	1		Issued 4,400 shares of common stock for cash at $8 per share.
Nov.	1		Issued 2,400 shares of preferred stock for cash at $56 per share.

Prepare a tabular summary to record the transactions. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

Assets

=

Liabilities

+

Stockholders Equity

Paid-in-Capital

Retained Earnings

Cash

=

+

Common Stock

+

PIC in Excess of Stated Value Com.

+

Pref. Stock

+

PIC in Excess of Par Value Pref.

+

Revenue

-

Expense

-

Dividend

Jan. 10

$

$

$

$

$

$

$

$

$

Mar. 1

May 1

Sept. 1

Nov. 1

Total

=

+

+

+

+

+

-

SHOW LIST OF ACCOUNTS
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