Hi, Can you pleas help me with the end of the problem and show me how you got the numbers? Thank you
W P13-42A (similar to) Question Help 0 Halbom Manufacturing Co. completed the following transactions during 2018: (Click the icon to view the transactions.) 7,000 4,000 Read the requirements Nov. 30 Cash Paid-In Capital from Treasury Slock Transactions Retained Earnings Treasury Stock Common Sold treasury stock below cost. 1,600 12.600 Requirement 2. Prepare the Halbom's stockholders-'equity section of the balance sheet as of December 31, 2018. Assume that Halborn was authorized to issue 1,000 shares of preferred stock and 300,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2018. Is $2,040.000. (Use parentheses or a minus sign for amounts to be subtracted.) Halbom Manufacturing, Co. i More Info Balance Sheet (Partial) December 31, 2018 Stockholders' Equity Jan. 16 Declared a cash dividend on the 5%, $105 par noncumulative preferred stock (900 Paid-in Capital: shares outstanding). Declared a $0.40 per share dividend on the 105,000 shares of $8 par value common stock outstanding. The date of record is January 31, and the Preferred Stock 5%, $105 Par Value; 300000 shares authorized, payment date is February 15. 900 shares issued 2040000 Feb. 15 Paid the cash dividends. Jun. 10 Split common stock 2-for-1. Common Stock-$8 Par Value; 400000 shares authorized, Jul. 30 Declared a 30% stock dividend on the common stock. The market value of the 240000 shares issued common stock was $12 per share 237400 shares Issued 2160000 Aug. 15 Distributed the stock dividend, Total Paid-In Capital 2254500 Oct. 26 Purchased 8,000 shares of treasury stock at $9 per share. Nov. 8 Sold 4.000 shares of treasury stock for $10 per share. Retained Earnings 2090000 30 Sold 1,400 shares of treasury stock for $5 per share. Treasury Stock-Common; shares at cost 23400 4321100 Total Stockholders' Equity Print Done Choose from any list or enter any number in the input fields and then click Check Answer. ? All parts showing Clear All Check Answer LE 1 CCNSG ngo. Bompie (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record the transactions in Halbom's general joumal. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Jan. 16: Declared a cash dividend on the 5%, S105 par noncumulative preferred stock (900 shares outstanding). Declared a $0.40 per share dividend on the 105,000 shares of $8 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Date Accounts and Explanation Debit Credit Jan. 16 Cash Dividends 46,725 Dividends Payable Preferred 4,725 More Info Dividends Payablo Common 42,000 Jan. Declared a cash dividend. Feb. 15: Paid the cash dividends. Date Accounts and Explanation Debit Credit Feb. Jun. Jul. 16 Declared a cash dividend on the 5%, $105 par noncumulative preferred stock (900 shares outstanding). Declared a $0.40 per share dividend on the 105,000 shares of $8 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. 15 Paid the cash dividends. 10 Split common stock 2-for-1. 30 Declared a 30% stock dividend on the common stock. The market value of the common stock was $12 per share. 15 Distributed the stock dividend. 26 Purchased 8,000 shares of treasury stock at $9 per share. 8 Sold 4,000 shares of treasury stock for $10 per share. 30 Sold 1,400 shares of treasury stock for $5 per share. Feb. 15 Dividends PayablePreferred Dividends Payable-Common Cash 4,725 42,000 Aug 46,725 Nov. Paid cash dividend. Print Done Jun. 10: Split common stock 2-for-1. Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then click Check
