Comprehensive

Included in the December 31, 2012, Jacobi Company balance sheet was the following shareholders' equity section:

Contributed Capital:
Preferred stock, 6%, $100 par	$200,000
Additional paid-in capital on preferred stock	12,000	$ 212,000
Common stock, $5 par	$150,000
Additional paid-in capital on common stock	240,000	390,000
Total contributed capital		602,000
Retained earnings		627,000
Accumulated other comprehensive income (loss):
Unrealized decrease in value of available-for-sale securities		(41,000)
Total contributed capital, retained earnings, and accumulated other comprehensive income		$1,188,000
Less: Treasury stock (1,000 shares of common stock at cost, acquired on 2/3/2012)		(20,000)
Total Shareholders Equity		$1,168,000

The company engaged in the following stock transactions during 2013:

Jan.	4	Paid the semiannual dividend on the outstanding preferred stock and a $1.60 per share annual dividend on the outstanding common stock. These dividends had been declared on December 1, 2012.
	5	Issued 500 shares of preferred stock at $110 per share.
	22	Issued 4,000 shares of common stock at $23 per share.
Apr.	2	Reissued 700 shares of treasury stock at $24 per share.
May	14	Declared a 10% stock dividend on the outstanding common stock, payable on June 29. The common stock is currently selling for $25 per share.
June	4	Declared the semiannual cash dividend on the outstanding preferred stock, payable on July 5.
July	5	Paid the cash dividend declared on June 4.
	20	Split the common stock 2 for 1 and reduced the par value to $2.50 per share.
Aug.	3	Declared a property dividend, payable to common shareholders on September 14. The dividend consists of an investment in 5,000 shares of available-for-sale Drot Company common stock. The stock had been acquired at $9 per share, but has a carrying value of $6 per share. The stock is currently selling for $4 per share.
Sept.	14	Paid the property dividend declared on August 3.
Dec.	3	Declared the semiannual cash dividend on the outstanding preferred stock and a $0.90 per share annual dividend on the outstanding common stock.

Questions:

1. Prepare journal entries to record the preceding transactions.

Jan. 4	Dividends Payable: Preferred	$?????
	Dividends Payable: Common	$?????
	Cash		$?????
Jan. 5	Cash	$?????
	Preferred Stock, $100 Par		$?????
	Additional Paid-in Capital on Preferred Stock		$?????
Jan. 22	Cash	$?????
	Common Stock, $5 Par		$?????
	Additional Paid-in Capital on Common Stock		$?????
Apr.2	Cash	$?????
	Treasury Stock		$?????
	Additional Paid-in Capital from Treasury Stock		$?????
May 14	Retained Earnings	$?????
	Common Stock To Be Distribute		$?????
	Additional Paid-in Capital from Stock Dividend		$?????
June 4	Retained Earnings	$?????
	Dividends Payable: Preferred		$?????
June 29	Common Stock To Be Distribute	$?????
	Common Stock, $ 5 Par		$?????
July 5	Dividends Payable: Preferred	$?????
	Cash		$?????
July 20	Memo Entry	0
	Memo Entry		0
Aug. 3	Loss on Disposal of Investment	$?????
Declare Div	Unrealized Decrease in Value Available-for-sale Securities		$?????
	Allowance for Change in Value of investment		$?????
Div. Payable	Retained Earnings	$?????
	Property Dividend Payable		$?????
Sept. 14	Property Dividend Payable	$?????
	Allowance for Change in Value of investment	$?????
	Investment in Drot Company Stock		$?????
Dec. 3	Retained Earnings	$?????
	Dividends Payable: Preferred		$?????
	Dividends Payable: Common		$?????

2. Prepare the December 31, 2013, shareholders' equity section (assume that 2013 net income was $270,000).

JACOBI COMPANY
Stockholders' Equity Section
December 31, 2013
Contributed Capital:
Preferred stock (6%, $100 par)	$?????
Additional Paid-in Capital on Preferred Stock	$?????	$?????
Common stock ($2.50 par)	$?????
Additional Paid-in Capital on Common Stock	$?????	$?????
Additional Paid-in Capital from Treasury Stock		$?????
Additional Paid-in Capital from Stock Dividend		$?????
Total contributed capital		$?????
Retained Earnings		$?????
Accumulated other comprehensive income (loss):
Unrealized Decrease in Value Available-for-sale Securities		$?????
Total contributed capital, retained earnings, and accumulated other comprehensive income		$?????
Less: Treasury stock		$?????
Total shareholders' equity		$?????