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could you help me write a journal entry with this information Current Attempt in Progress The stockholders' equity accounts of Blue Spruce Corp. on January
could you help me write a journal entry with this information
Current Attempt in Progress The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022, were as follows. Preferred Stock (10%, $100 par noncumulative, 5,000 shares authorized) Common Stock ($10 stated value, 800,000 shares authorized) Paid-in Capital in Excess of Par ValuePreferred Stock Paid-in Capital in Excess of Stated Value Common Stock Retained Earnings Treasury Stock (8,900 common shares) $475,000 62,000 930,000 740,000 71,200 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Mar June Sept. Oct. Dec. 1 22 1 1 1 31 Issued 6,100 shares of common stock for $80 per share. Purchased 1,500 additional shares of common treasury stock at $11 per share. Declared a 10% cash dividend on preferred stock, payable October 1. Paid the dividend declared on September 1. Declared a $0.70 per share cash dividend to common stockholders of record on December 15, payable December 31, 2022. Determined that net income for the year was $119,000. Paid the dividend declared on December 1.
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