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Dublin Jewelry Company reported the following summarized balance sheet Requirement 1. Journalize Dublin Jewelry's transactions. Explanations are not required Requirement 2. Report Dublin Jewelry's stockholders'
Dublin Jewelry Company reported the following summarized balance sheet
Requirement 1. Journalize Dublin Jewelry's transactions. Explanations are not required
Requirement 2. Report Dublin Jewelry's stockholders' equity at December 31,2017
Net income for 2017 was $23,000
(Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.)
Dublin Jewelry Company reported the following summarized balance sheet at December 31, 2016 (Click the icon to view the statement.) During 2017, Dublin Jewelry completed these transactions that affected stockholders' equity: (Click the icon to view the transactions.) 1. Jcurnalize Dublin Jewelry's transactions. Explanations are not required 2. Report Dublin Jewelry's stockholders' equity at December 31, 2017. Net income for 2017 was S23,000. Requirement1. Journalize Dublin Jewelry's transactions. Explanations are not required. Record debits first, then credits. Exclude explanations from any jounal entries.) Feb 13: Issued 4,900 shares of common stock for $8 per share. Journal Entry Date Credit i Data Table Accounts Debit Feb 13 Assets S 33,700 84,700 S 118,400 Current assets Property and equipment, net Jun 7: Declared the regular cash dividend on the preferred stock. Total assets Journal Entry Llabilities and Equity Date Accounts Debit Credit S 37,600 Jun 7 Stockholders' equity: $0.90 cumulative preferred stock, $20 par, 200 shares issued Common stock, $5 par, 6,100 shares issued Paid-in capital in excess of par-common 4,000 30,500 17,300 Jun 24: Paid the cash dividend. Retained earnings Journal Entry S 118,400 Date Accounts Debit Credit Total liabilities and equity Jun 24 Print Done Aug 9: Declared and distributed a 15% stock dividend on the common stock. Market price of the common stock was S9 per share. Journal Entry Date Accounts Debit Credit Aug 9 Oct 26: Reacquired 1,000 shares of common stock as treasury stock, paying $14 per shareStep by Step Solution
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