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E10-29A (similar to) B Question Help At December 31, 2018, Pioneer Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except
E10-29A (similar to) B Question Help At December 31, 2018, Pioneer Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). E: (Click the icon to view the data.) Pioneer's 2019 transactions included (Click the icon to view the transactions.) Requirements 1. Journalize Pioneer's transactions in parts b, c, d, and e. Explanations are not required. 2. What was the overall effect of these transactions (parts a-e) on Pioneer's stockholders' equity? b. Cash 252 Common Stock 54 i Data Table Paid-in Capital in Excess of Par-Common 198 c. Purchase of 10 million shares of treasury stock for $130 million. $ 69 Journal Entry Accounts Common stock, $3.00 par value per share, 23 million shares issued Paid-in capital in excess of par value Retained earnings 35 Date Credit Debit 130 C. Treasury Stock Cash 270 (60) 130 Treasury stock, at cost $ 314 Total stockholders' equity Print Done More Info Credit d. Sold 1 million of the treasury shares purchased in part c for $15 million Journal Entry Date Accounts Debit d. Cash Treasury Stock Paid-in Capital from Treasury Stock a. Net income, $444 million b. Issuance of 18 million shares of common stock for $14.00 per share c. Purchase of 10 million shares of treasury stock for $130 million d. Sold 1 million of the treasury shares purchased in part c for $15 million e. Declaration and payment of cash dividends of $30 million Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Print Done
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