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Hello, i'm looking for help answering the blanks listed for this problem, and it'd also help a lot if you included the journal entries for
Hello, i'm looking for help answering the blanks listed for this problem, and it'd also help a lot if you included the journal entries for A B C and D, thank you!
Name: I/U Acct2301 Chapter 1l0 Professon: On January 1, 20A, the accounts of Mac Corporation showed the following: Common Stock, par S$1, authorized 100,000 shares Capital in excess of par value ($2 per share) Retained Earnings $60,000 S140,000 During 20A, the following transactions affecting stockholders' equity occurred (in the order given) A. Issued a 10% stock dividend when the market price was at $5 per share B. Purchased treasury stock, 1,000 shares at a total cost of $8,000 C. Declared and paid cash dividends, $20,000 D. Net income for 20A, $25,000 Required The stockholders' equity section of the balance sheet for the company must be prepared for the December 31, 20A balance sheet. It is given below with certain amounts missing Supply the missing amounts by entering them in the blanks STOCKHOLDER'S EQUITY Common Stock, par $1, authorized shares 100,000 shares, issued L. $ Capital in Excess of Par Value Total Contributed Capital Retained Earnings Total Stockholders' Equity before Treasury Stock" $ Treasury Stock, shares h0 Total Stockholders' equity 115,oooStep by Step Solution
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