HI, PLEASE HELP ME WITH MAKING SURE MY ATTEMPTED ANSWERS FOR THE 2 QUESTIONS ARE THE CORRECT ONES BECAUSE I'M ONLY ALLOWED ONE CHANCE TO SUBMIT IT... THANKS!

Question 1 info:

For a recent 2-year period, the balance sheet of Sheffield Company showed the following stockholders equity data at December 31 (in millions).

		2017		2016
Additional paid-in capital		$ 910		$ 846
Common stock		675		663
Retained earnings		7,210		5,300
Treasury stock		1,833		999
Total stockholders equity		$6,962		$5,810
Common stock shares issued		225		221
Common stock shares authorized		500		500
Treasury stock shares		39		27

(a) Answer the following questions. (1) What is the par value of the common stock?

(2) What is the cost per share of treasury stock at December 31, 2017, and at December 31, 2016?

(b) Prepare the stockholders equity section at December 31, 2017

My attempt for question 1:

					2017	2016
A1)	Common stock value/ # of Common stock				$ 3.00	$ 3.00
	2017= (675/225).2016= (663/221)
A2)	Treasury stock value/ # of Treasury stock				$ 47.00	$ 37.00
	2017=(1,833/39) 2016=(999/27)
B1)	Stockholder Equity (In millions for 2017)
	Stockholder's equity
	Paid-in Capital:
		Treasury stock				$ 675
		Additional Paid in Capital				$ 910
		Total paid in capital				$ 1,585
		Retained earnings				$ 7,210
		Total paid in capital and retained earnings				$ 8,795
		Less: Treasury stock				$ 1,833
	Total stock holders equity					$ 6,962

Question 2 info:

The stockholders equity accounts of Teal Company have the following balances on December 31, 2017.

Common stock, $10 par, 281,000 shares issued and outstanding		$2,810,000
Paid-in capital in excess of parcommon stock		1,110,000
Retained earnings		5,710,000

Shares of Teal Company stock are currently selling on the Midwest Stock Exchange at $36. Prepare the appropriate journal entries for each of the following cases.

(a)		A stock dividend of 8% is (1) declared and (2) issued.
(b)		A stock dividend of 100% is (1) declared and (2) issued.
(c)		A 2-for-1 stock split is (1) declared and (2) issued.

My attempted answer for question 2:

Entry for A1)		Retained earnings (281,000*$36*8%)						$809,280
			Common Stock dividend distributable (281,000*$10*8%)						$224,800
			Paid in capital in excess of par-Common stock						$584,480
Entry for A2)		Common Stock dividend distributable (281,000*$10*8%)						$224,800
			Common stock						$224,800
Entry for B1)		Retained earnings (281,000*$10)						$2,810,000
			Common stock dividend distributable						$2,810,000
Entry for B2)		Common stock dividend distributable						$2,810,000
			Common stock						$2,810,000
Entry for C1)		NO ENTRY, ONLY A MEMO IS NEEDED
Entry for C2)		NO ENTRY, ONLY A MEMO IS NEEDED

123 B1) Stockholder Equity (In millions for 2017) Sheffield Company 124 Stockholders equity Balance Sheet (in millions of dollars) (Partial) 125 Paid-in Capital: Stockholders' Equity 675 126 Treasury stock Additional Paid in Capital is Paid-in Capital 910 127 Total paid in capital 1,585 128 675 Treasury Stock 7,210 Retained earnings 129 Additional Paid-in Capital 91 130 Total paid in capital and retained earnings 8,795 Less: Treasury stock 1,833 Total Paid-in Capital 1,585 131 6,962 Total stock holders equity Retained Earnings 7,21 133 8,795 Total Paid-in Capital and Retained Earnings v 134 Less V. Treasury Stock 135 1,833 136 6,96 Total Stockholders' Equity 137 138 139 By accessing this Question Assistance, you will learn while you earn points based on the by your instructor. 140 141 Question Attempts: 0 of 1 used SAvE FOR 142