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If you could please format your results to match the formatting of the problem, that would be greatly apperciated. Thank you for your time and
If you could please format your results to match the formatting of the problem, that would be greatly apperciated. Thank you for your time and help. :)
Complete this question by entering your answers in the tabs below.
Record the effect of transactions to in journal entry format.
Note: If no entry is required for a particular transaction, select No journal entry required" in the first account field. Enter your answers in dollars.
tableNoTransaction,,,Debit,CreditCash,grad,Common stock,grad,,Additional paidin capital,grad,,Cash,Treasury stock,,,Income summary,Retained earnings,,Cash,Retained earnings,,vvCash,,,No journal entry required,,, Complete this question by entering your answers in the tabs below.
Calculate the dollar amounts that DeZurik Corporation would report for each stockholders' equity caption on its June
balance sheet, after recording the effects of transactions to Also the treasury stock was purchased at $
Note: Enter your answer in thousands of dollars. Amounts to be deducted should be indicated with a minus sign. Indicate how the stockholders' equity caption details for DeZurik Corporation would change for the June balance sheet, as compared to the disclosures for the balance
sheet.
Note: Round the preferred stock values in dollars, rounded to decimal places. eg Do not enter answer in thousands.Complete this question by entering your answers in the tabs below.
What was the average issue price of common stock shown on the June balance sheet?
Note: Round your answer to decimal places. egDeZurik Corporation had the following stockholders' equity section in its June balance sheet in thousands, except share
and per share amounts:
The transactions affecting the stockholders' equity accounts of DeZurik Corporation for the year ended June are
summarized here:
shares of common stock were issued at $ per share.
shares of treasury common stock were sold for $ per share.
Net income for the year was $in thousands
The fiscal preferred dividends were paid in full. Assume that all shares were outstanding throughout the year ended
June
A cash dividend of $ per share was declared and paid to common stockholders. Assume that transactions and occurred
before the dividend was declared.
The preferred stock was split for on June Note: This transaction had no effect on transaction
Required:
a Record the effect of transactions to in journal entry format.
Calculate the dollar amounts that DeZurik Corporation would report for each stockholders' equity caption on its June
balance sheet, after recording the effects of transactions to Also the treasury stock was purchased at $
b Indicate how the stockholders' equity caption details for DeZurik Corporation would change for the June balance sheet,
as compared to the disclosures for the balance sheet.
c What was the average issue price of common stock shown on the June balance sheet?
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