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Posted on Jul 19, 2024

Declared a cash dividend on the 5%, $95 par noncumulative preferred stock ( 1000 shares outstanding). declared a $.55 per share dividend on the 105,000

Declared a cash dividend on the 5%, $95 par noncumulative preferred stock ( 1000 shares outstanding). declared a $.55 per share dividend on the 105,000 shares of $8 par value common stock outstanding image text in transcribed

Soom Marutacturing Co. completed the folowing transactions during 2024 Requirement 1. Record the transactions in Sto's general Journal (Check your peting cally and do not stbreviate. Be sure to include the type of work tontures where and enterpartiet um condits to the red Select the portion on the list of the many no artyder "No enly cured on the site of the Accounts and Eation commande the coming 16 Declared a cedend on the 596 par normative preferred stock {1,000 she standing, Detured a $0.55 per share dividend on a 105,000 shares of 33 perve common shock tending the date of ay 31, and the payment date is 15 Account and Explanation Dobit Credit More info ante Jan 16 Feb 15 Jun 10 Feb 15 Put the dividends Accounts and Explanation Debat Credit Declared ash divided on the 516 parnonce preferred stock 1.000 She standing) Decorada 50.55 per wide on the 10.000 shares of per value common ketarding the telefon day and then dalis Fabruary 15 Paid the cash and Bet common Rant Decurta 50% od on the contact. The maine coon 50 per Oured the stock Purchased 5.400 resouryo 511 person sod 2.700 shares of motor har Soid 1.000 horary for 57 cm Jul 30 Aug. 15 Out 26 Now Nov. 30 Choose from any it or enter any number in the input fields and the continue to the next question Done Starbor Manufacturing Co. completed the following transactions during 2024 Click the icon to view the transactions.) Read the requirements Jun 10: Split common stock 2-for-1. Date Accounts and Explanation Debit Credit Jun, 10 Jul 30: Declared a 50% stock dividend on the common stock. The market value of the common stock was $9 per share. Date Accounts and Explanation Debit Credit Jul. 30 Aug. 15: Distributed the stock dividend, Debit Credit Date Accounts and Explanation Choose from any list or enter any number in the input fields and then continue to the next question. Starborn Manufacturing Co. completed the following transactions during 2024 Click the icon to view the transactions.) Read the requirements Aug. 15: Distributed the stock dividend. Date Accounts and Explanation Debit Credit Aug. 15 Oct. 26: Purchased 5,400 shares of treasury stock at $11 per share. Date Accounts and Explanation Debit Credit Oct. 26 Nov. 8: Sold 2,700 shares of treasury stock for $13 per share. nete Anna and Cumsan Takie Cente Choose from any list or enter any number in the input fields and then continue to the next question. Starborn Manufacturing Co. completed the following transactions during 2024: Click the icon to view the transactions.) Read the requirements Nov. 8: Sold 2,700 shares of treasury stock for $13 per share. Accounts and Explanation Date Debit Credit Nov. 8 Nov. 30: Sold 1,600 shares of treasury stock for $7 per share. Date Accounts and Explanation Debit Credit Nov. 30 Requirement 2. Prepare the Starborn's stockholders' equity section of the balance sheet as of December 31, 2024. Assume that Starbor was au preferred stock and common stock were issued at par. The endina balance of retained earnings as of December 31, 2024. is $2.010.000. (Use an Choose from any list or enter any number in the input fields and then continue to the next question. Starbom Manufacturing Co. completed the following transactions during 2024 O click the icon to view the transactions) Read the requirements Requirement 2. Prepare the Starbor's stockholders' equity section of the balance sheet as of December 31, 2024. Assume that Startom was authorized to issue 2,500 shares of preferred preferred stock and common stock were issued at par. The ending balance of retained carings as of December 31, 2024, is $2,010,000. (Use parentheses or a minus sign for amounts to be Starborn Manufacturing Co. Balance Sheet (Partial) December 31, 2024 Stockholders' Equity Paid-in Capital: Total Paid In Capital Total Stockholders' Equity Choose from any list or enter any number in the input fields and then continue to the next question i More Info X ctic ng prefer ounts Jan. 16 Feb. 15 mg Jun. 10 kh Declared a cash dividend on the 5%, $95 par noncumulative preferred stock (1,000 shares outstanding). Declared a $0.55 per share dividend on the 105,000 shares of $8 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Paid the cash dividends. Split common stock 2-for-1. Declared a 50% stock dividend on the common stock. The market value of the common stock was $9 per share. Distributed the stock dividend. Purchased 5,400 shares of treasury stock at $11 per share. Sold 2,700 shares of treasury stock for $13 per share. Sold 1,600 shares of treasury stock for $7 per share. Jul. 30 Aug. 15 Oct. 26 Nov. 8 Nov. 30 Print Done