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I would greatly appreciate assistance with this problem. Common Stock (592,000 shares issued) Paid-in Capital in Excess of Par-Common Common Stock Dividends Distributable Retained Earnings
I would greatly appreciate assistance with this problem. Common Stock (592,000 shares issued) Paid-in Capital in Excess of Par-Common Common Stock Dividends Distributable Retained Earnings $2,368,000 Stock 456,000 355,200 580,000 During 2019, the following transactions and events occurred. 1. Issued 88,800 shares of $4 par value common stock as a result of 15% stock dividend declared on December 15, 2. 3. 4. 5. 6. 2018. Issued 30,000 shares of common stock for cash at $7 per share. Purchased 20,000 shares of common stock for the treasury at $5 per share. Declared and paid a cash dividend of $102,000. Sold 7,200 shares of treasury stock for cash at $5 per share. Earned net income of $351,000. Prepare a stockholders' equity statement for the year. (If an amount reduces the account balance then enter with negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Blossom Company Stockholders' Equity Statement Paid-in Capital in Par- Stock Excess of Common Stock Common Common Dividends Treasury Retained Distributable Stock Stock Earnings Total Balances, Jan. 1 Issued 88,800 share for stock dividend
I would greatly appreciate assistance with this problem.
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