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Im sorry here you go nt.) od these transactions that ons.) welry's transactions. Expla on stock for $10 per share Journal Entry Accounts and on
Im sorry here you go
nt.) od these transactions that ons.) welry's transactions. Expla on stock for $10 per share Journal Entry Accounts and on the preferred stock Journal Entry accounts Data table Assets Current assets Property and equipment, net Total assets Liabilities and Equity Liabilities Stockholders' equity: $0.20 cumulative preferred stock, $10 par, 200 shares issued Common stock, $5 par, 5,900 shares issued Paid-in capital in excess of par-common Retained earnings Total liabilities and equity Print Done $ 35,000 81,300 $116.300 $ 37,500 2,000 29,500 17,300 30,000 $ 116,300 COLELED - X Requirements 1. Journalize Walker Jewelry's transactions. Explanations are not required. 2. Report the company's stockholders' equity at December 31, 2022. Net income for 2022 was $22,000. Print Done Debit Credit Walker Jewelry Company reported the following summarized balance sheet at December 31, 2021: CHA Requirement 1. Journalize Walker Jewelry's transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Feb 13: Issued 5,200 shares of common stock for $10 per share. Journal Entry Accounts Date Debit Credit Feb 13 Jun 7: Declared the regular cash dividend on the preferred stock. Journal Entry Accounts Date Jun 7 Debit Credit CIEN Jun 24: Paid the cash dividend Journal Entry Accounts Date Debit Credit Jun 24 Aug 9: Declared and distributed a 10% stock dividend on the common stock. Market price of the common stock was $11 per share. Journal Entry Date Accounts Debit Credit Aug 9 Tveau wie LOSSES Oct 26: Reacquired 900 shares of common stock as treasury stock, paying $13 per share. Journal Entry Accounts Date Debit Oct 26 Nov 20: Sold 200 shares of the treasury stock for $16 per share. Journal Entry Date Accounts Nov 20 Debit Credit Credit am Tveau wie LOSSES Oct 26: Reacquired 900 shares of common stock as treasury stock, paying $13 per share. Journal Entry Accounts Date Debit Oct 26 Nov 20: Sold 200 shares of the treasury stock for $16 per share. Journal Entry Date Accounts Nov 20 Debit Credit Credit am Dec 31: Declared a cash dividend of $0.30 per share on the outstanding common stock; dividends will be paid in January, 2023. (Round your answer to the nearest whole dollar) Journal Entry Accounts Date Debit Credit Dec 31 Requirement 2. Report the company's stockholders' equity at December 31, 2022. Net income for 2022 was $22,000. (Enter the accounts in the proper order for the stockholders' equm Walker Jewelry Company Balance Sheet (partial) December 31, 2022 Stockholders' Equity: par shares par shares shares Total paid-in capital Total stockholders' equity shares Walker Jewelry Company reported the following summarized balance sheet at December 31, 2021: (Click the icon to view the statement.) During 2022, Walker Jewelry completed these transactions that affected stockholders' equity: (Click the icon to view the transactions) Read the requirements Jun 7: Declared the regular cash dividend on the preferred stock. Journal Entry Date Accounts Debit Credit Jun 7 Step by Step Solution
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