E10-47B (similar to) More Info At December 31, 2018, Eastern Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share E (Click the icon to view the data.) 2019 equity transactions were recorded as follows: Eastern's 2019 transactions (Click the icon to view the journal entries.) i (Click the icon to view t Read the requirement. a. Net income, $447 million b. Issuance of 6 million shares of common stock for $16.50 per share c. Purchase of 6 million shares of treasury stock for $84 million d. Sold 5 million of the treasury shares purchased in part c for $75 million e. Declaration and payment of cash dividends of $35 million Requirement 1. Prepare the stockholders' equity section of the company's balance sheet at December 31, 2019. (Enter the accounts in the proper orde for numbers to be subtracted. For purposes of this exercise, ignore the outstanding shares in the statement of stockholders' equity. Enter amounts in mi Balance Sheet (Partial) (Millions) Stockholders' Equity: $ par, million shares Print Done Data Table Total paid-in capital Common stock, $1.00 par value per share, 27 million shares issued 27 95 Total stockholders' equity Paid-in capital in excess of par value Retained earnings 270 Treasury stock, at cost (110) $ 282 Total stockholders' equity At December 31, 2018, Eastern Corporation reported the stockholders' equity accounts shown here (with dollar amour (Click the icon to view the data.) 2019 equity transactions were recorded as follows: (Click the icon to view the journal entries.) Read the requirement. Journal Entry Accounts Date Debit Credit 2019 (in millions) Cash 99 Common Stock 6 Requirement 1. Prepare the stockholders' equity section of the company's balance sheet at December 31, 2019. (Ent for numbers to be subtracted. For purposes of this exercise, ignore the outstanding shares in the statement of stockho Balance Sheet (Partial) Stockholders' Equity: par, million shares Paid-in Capital in Excess of Par 93 84 Treasury Stock Cash 84 75 Cash Treasury Stock Paid-in Capital from Treasury Stock 70 5 Accounts payable Common stock, Long-term debt Other current liabilities Other stockholders' equity Paid-in capital in excess of par-common Paid-in capital from treasury stock transactions Retained earnings Total expenses Total revenues Treasury stock 35 Retained Earnings Dividends Payable 35 Dividends Payable 35 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. At December 31, 2018, Eastern Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amour (Click the icon to view the data.) 2019 equity transactions were recorded as follows: Eastern's 2019 transactions inclu (Click the icon to view the journal entries.) (Click the icon to view the tra Read the requirement. Requirement 1. Prepare the stockholders' equity section of the company's balance sheet at December 31, 2019. (Enter the accounts in the proper order for for numbers to be subtracted. For purposes of this exercise, ignore the outstanding shares in the statement of stockholders' equity. Enter amounts in millions Balance Sheet (Partial) (Millions) Stockholders' Equity: par, million shares $ Accounts payable Common stock, Long-term debt Other current liabilities Other stockholders' equity Paid-in capital in excess of par-common Paid-in capital from treasury stock transactions Retained earnings Total expenses Total revenues Treasury stock boon from anu lietorntor umoborin tainnut fields and then cliale booke AAP
