Clipboard Font Alignment Number Styles E66 X Fx A B C D E L M N O P Q R S 4 The Delp company was involved in the following stock transactions for 2019, 5 You are to provide the appropriate joumal entry for each transaction 6 Note that Delp was formed in 2019 so there were no previous balances in any equity account. YOU MUST SHOW YOUR COMPUTATIONS IN THE SECTION BELOW THE JOURNAL ENTRIES 9 OR IN PARENTHESES NEXT TO THE ACCOUNT NAME IN YOUR JOURNAL ENTRY 10 Required: 1) January 10 -issued 1,000 shares of common stock ($10 par) at $27 to start the company. CREDIT ACCOUNT NAME DEBIT cash 27,000 common stock paid in capital in excess of pa 10.000 17,000 2) March 1-issued 2,000 shares of preferred stock ($50 par) at $60. CREDIT ACCOUNT NAME DEBIT 120,000 preferred stock paid in capital in excess of par preferred stock Problem 1 Problem 2 Problem 3 100,000 20,000 Problem 4 Problem 5 Problem 6 ) Ready Type here to search board BIU . More & Center 0 Delete .4 09 Conditional Format as Cell Formatting Table Studes Styles Format Font Alignment Number Styles for D E F G H I IKIM No Paas 1) January 10 -issued 1,000 shares of common stock ($10 par) at $27 to start the company. CREDIT ACCOUNT NAME DEBIT cash 27,000 common stock paid in capital in excess of pa 10,000 17,000 2) March 1 -issued 2,000 shares of preferred stock ($50 par) at $60. CREDIT ACCOUNT NAME DEBIT 120,000 preferred stock paid in capital in excess of par preferred stock cash 100,000 20,000 3) March 5 -repurchased 100 shares of their own common stock at S29. (Cost method) CREDIT ACCOUNT NAME treasury stock cash DEBIT 2.900 2,900 Problem 1 Problem 2 Problem 3 Problem 4 Problem s Problem 5 problem o Problem 6 dy 0 Bte M L O G O Type here to search = = Merge & Center $ % SUUUUUUUldi FOL Formatting Table pboard Number Styles E46 LMNOP 3) March 5 -repurchased 100 shares of their own common stock at $29. (Cost method) 29 CREDIT ACCOUNT NAME treasury stock cash DEBIT 2,900 2,900 4) July 25 - sold 20 shares of stock repurchased on March 5 at $31. (Cost method) ACCOUNT NAME DEBIT CREDIT 5) August 15 - sold 30 shares of stock repurchased on March 5 at $24. (Cost method) ACCOUNT NAME DEBIT CREDIT Problem 1 Problem 2 Problem 3 Problem 4 Problem 5 Problem 6 O Ready Type here to search D Re LM Paste BIU OA SE Merge & Center - $ -% 000 88-98 6 Condition Formatting Clipboard Alignment Number E58 v for M N O 5) August 15 - sold 30 shares of stock repurchased on March 5 at $24. (Cost method) ACCOUNT NAME DEBIT CREDIT 6) October 3 - declared a $2.50/share dividend on all outstanding common shares. ACCOUNT NAME DEBIT CREDIT Computations YOU MUST SHOW ALL OF YOUR WORK IN THIS SECTION Problem 1 Problem 2 Problem 3 Problem 4 Problem 5 Problem 6 rash 100010 O Type here to search