i need help with question E11-1 and E11-2 and only need the entries for june 12 and july 11
I earnings. Due apital remained the same at dedanstock ILONA k . Due to. has in the market price of its 400,000 shares of $2 par value common 56 per share to $50. During this period, paid-in capital remain Retnined earnings increased from $1,800,000 to $12.000.000 ering either (1) a 15% stock dividend or (2) a 2-for stock sale u ir ellects on cach option on retained in equity, and (c) par value per share. (2) a 2-for-1 stock split. He asks CEO Don Ames ist h nus, (b) who a stock 100,000 shares of $5 par value o Prepare stockholders'emiry ar value on the (LD. AP Abs mprehensive income DOITETEN Hoyle Corporation has issued 100,000 shares of as authorized 500.000 shares. The paid in capital in excess of para com stock is $263,000. The corporation has reacquired 7,000 shares shares at a cost of currently holding those shares. It also had accumulated other com 46.000 $67,000. The corporation also has 2,000 shares issued and outstanding of xeferred stock. It was authorized 10,000 shares. The paid in capital on the preferred stock is $23,000. Retained earnings is $372.000. Pren of par equity section of the balance sheet. The paid-in capital in excess of $100 (100). Prepare the stockholm Computer stock holders'quity and disse DOT -45 On January 1, 2017, Vahsholtz Corporation purchased sury stock. Other information regarding Vahsholtz Corporation is provided w shares or ed as follow (LO 4), AP 2017 Net income Dividends on preferred stock Dividends on common stock Weighted average number of common shares outstanding Common stockholders' equity beginning of year Common stockholders' equity end of year Compute (a) return on common stockholders' equity for each year, and (b) disc changes in each. $110.000 $ 30,000 $ 25,000 45,000 $750,000 $830,000 2016 $100, $300 $200 500 $600,00 $750,00 EXERCISES of CORON Journalist stock ILO E11-1 During its first year of operations, Mona Corporation had these transactions po taining to its common stock, Jan. 10 Issued 30,000 shares for cash at $5 per share. July 1 Issued 60,000 shares for cash at $7 per share. Instructions (a) Journalize the transactions, assuming that the common stock has a par valued $5 per share (b) Journalize the transactions, assuming that the common stock is no-par with a value of $1 per share. Jo i ssance of common ock and preferred stock and anches of t ry stock. LOL E11-2 Sagan Co. had these transactions during the current period June 12 Issued 80.000 shares of $1 par value common stock for cash of $500 July 11 Issued 3,000 shares of $100 par value preferred stock for cash as share. Nov. 28 Purchased 2,000 shares of treasury stock for $9,000