E10-24A

(Learning Objectives 2, 3: Account for issuance of stock; show how treasury stock transactions affect stockholders equity)Journalize the following transactions of Alameda Productions:

Jan	21	Issued 1,800 shares of $1.25 par common stock at $13 per share.
Jun	23	Purchased 500 shares of treasury stock at $15 per share.
Jul	12	Sold 400 shares of treasury stock at $22 per share.

What was the overall effect of these transactions on Alamedas stockholders equity?

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E10-25A

(Learning Objectives 2, 3, 4: Account for issuance of stock; show how treasury stock affects a company; account for dividends) At December 31, 2012, Blumenthal Corporation reported the stockholders equity accounts shown here (with dollar amounts in millions, except per-share amounts).

Blumenthals 2013 transactions included the following:

a. Net income, $450 million b. Issuance of 22 million shares of common stock for $14.00 per share c. Purchase of 9 million shares of treasury stock for $18 million d. Declaration and payment of cash dividends of $32 million Requirement

1. Journalize Blumenthals transactions in b, c, and d. Explanations are not required.

E10-26A (Learning Objective 6: Report stockholders equity after a sequence of transactions) Use the Blumenthal Corporation data in Exercise 10-25A to prepare the stockholders equity section of the companys balance sheet at December 31, 2013.