How to solve Question 2 Equi-Tee

2 of 3(1A 1A ES05 Essay of 50,000 shares of 8% S 100 par raue cumulatie preferred stock and 150,000 shares of S5 par vane common stock Quesions Joumalice the A. On January 2 th tmn exchanges 000 shares ot common stock tor land aued at 5300,000 B On January 5 the tm issued 1 the following transactions for 201 2 000 shares of common stock to the pubic at s60 per share The frm aso issued 100 shares of common stock to its lawyer for costs associated with the formation of the trm 3 2015, the m ssued 1.000 bundles of preferred and oommon stock for $720 each Each bunde contained 10 shares at common stock and 1 share of 5%. S 100 par value preferred stock On tat date the common stock had a as of June 30, 2015 and the market price for common stock was S60 per share On tat day, the 5'm declared a 10% st stock dividend on D Thr finn had S200 000 in fetaned earnings E On July 31, the 5m issued the shares to tuthli the stock cividend r On August 1 G On September 1, the trm declared a $20,000 total cash chvidend to be pad to preferred and cammon stockholders on September 30 common stock the 1im paid $50 000 to reacquire 2000 shares of its common stock for treasury stock Equ-Tee uses the cost method to account tor treasury sto Drvidend per shar Journal entry to record the declaraton of the divdend stockholders H. On September 30, the tirm paid the cash dividend 2 of 3(1A 1A ES05 Essay of 50,000 shares of 8% S 100 par raue cumulatie preferred stock and 150,000 shares of S5 par vane common stock Quesions Joumalice the A. On January 2 th tmn exchanges 000 shares ot common stock tor land aued at 5300,000 B On January 5 the tm issued 1 the following transactions for 201 2 000 shares of common stock to the pubic at s60 per share The frm aso issued 100 shares of common stock to its lawyer for costs associated with the formation of the trm 3 2015, the m ssued 1.000 bundles of preferred and oommon stock for $720 each Each bunde contained 10 shares at common stock and 1 share of 5%. S 100 par value preferred stock On tat date the common stock had a as of June 30, 2015 and the market price for common stock was S60 per share On tat day, the 5'm declared a 10% st stock dividend on D Thr finn had S200 000 in fetaned earnings E On July 31, the 5m issued the shares to tuthli the stock cividend r On August 1 G On September 1, the trm declared a $20,000 total cash chvidend to be pad to preferred and cammon stockholders on September 30 common stock the 1im paid $50 000 to reacquire 2000 shares of its common stock for treasury stock Equ-Tee uses the cost method to account tor treasury sto Drvidend per shar Journal entry to record the declaraton of the divdend stockholders H. On September 30, the tirm paid the cash dividend