More Info Assets Current assets Amount 34,500 120,100 Feb London Jewelry Company reported the following summarized balance sheet at December 31, 2018: (Click the icon to view the statement.) During 2019, London Jewelry completed these transactions that affected stockholders' equity: (Click the icon to view the transactions.) Read the requirements Dec 31: Declared a cash dividend of $0.30 per share on the outstanding common stock; dividends will be pa Journal Entry Date Accounts Debit Credit Dec 31 Retained Earnings 4,362 Dividends Payable Property and equipment, net. Jun Total assets 154,600 Aug 39.000 13 Issued 6,000 shares of common stock for $13 per share. 7 Declared the regular cash dividend on the preferred stock. 24 Paid the cash dividend. 9 Declared and distributed a 20% stock dividend on the common stock Market price of the common stock was $18 per share. 26 Reacquired 200 shares of common stock as treasury stock, paying $23 per share. 20 Sold 100 shares of the treasury stock for $27 per share. 31 Declared a cash dividend of $0.30 per share on the outstanding common stock: dividends will be paid in January, 2020 Oct 4,3621 Liabilities and Equity Liabilities Stockholders' equity: $0.80 cumulative preferred stock, $10 par, 1,000 shares issued Common stock, $10 par, 6,200 shares issued Paid-in capital in excess of par-common Retained earnings 10.000 Nov Dec 62,000 17,600 26.000 Requirement 2. Report the company's stockholders' equity at December 31, 2019. Net income for 2019 was 154,600 Print Done Total liabilities and equity London Jewelry Company Balance Sheet (partial) December 31, 2019 Print Done issued and out 15 1,000 shares par 1 par 36,600 shares $ issued Stockholders' Equity: $ 0.80 cumulative preferred stock, Common stock, 14840 shares outstanding Paid-in capital in excess of par-common Paid-in capital from treasury stock transactions 36,600 55,120 400 107,120 Total paid-in capital Retained earnings Less: Treasury stock, common, 100 shares at cost (2,300) Total stockholders' equity Choose from any list or enter any number in the input fields and then click Check Answer. More Info Assets Current assets Amount 34,500 120,100 Feb London Jewelry Company reported the following summarized balance sheet at December 31, 2018: (Click the icon to view the statement.) During 2019, London Jewelry completed these transactions that affected stockholders' equity: (Click the icon to view the transactions.) Read the requirements Dec 31: Declared a cash dividend of $0.30 per share on the outstanding common stock; dividends will be pa Journal Entry Date Accounts Debit Credit Dec 31 Retained Earnings 4,362 Dividends Payable Property and equipment, net. Jun Total assets 154,600 Aug 39.000 13 Issued 6,000 shares of common stock for $13 per share. 7 Declared the regular cash dividend on the preferred stock. 24 Paid the cash dividend. 9 Declared and distributed a 20% stock dividend on the common stock Market price of the common stock was $18 per share. 26 Reacquired 200 shares of common stock as treasury stock, paying $23 per share. 20 Sold 100 shares of the treasury stock for $27 per share. 31 Declared a cash dividend of $0.30 per share on the outstanding common stock: dividends will be paid in January, 2020 Oct 4,3621 Liabilities and Equity Liabilities Stockholders' equity: $0.80 cumulative preferred stock, $10 par, 1,000 shares issued Common stock, $10 par, 6,200 shares issued Paid-in capital in excess of par-common Retained earnings 10.000 Nov Dec 62,000 17,600 26.000 Requirement 2. Report the company's stockholders' equity at December 31, 2019. Net income for 2019 was 154,600 Print Done Total liabilities and equity London Jewelry Company Balance Sheet (partial) December 31, 2019 Print Done issued and out 15 1,000 shares par 1 par 36,600 shares $ issued Stockholders' Equity: $ 0.80 cumulative preferred stock, Common stock, 14840 shares outstanding Paid-in capital in excess of par-common Paid-in capital from treasury stock transactions 36,600 55,120 400 107,120 Total paid-in capital Retained earnings Less: Treasury stock, common, 100 shares at cost (2,300) Total stockholders' equity Choose from any list or enter any number in the input fields and then click Check
