organizer transaction data accounts under an accounting equation ( because he says to accomplishes the money sign. not all cells require input.)

Alswar ls not armialia Answer is complete but not entirely correct. c.2. Are there any differences between Issued and outstanding Answer is complete and correct. Requlred Information Problem 11-26A (Algo) Recording and reporting stock transactlons and cash dlvidends across two accounting cycles LO 11-3, 11-6 [The following information applles to the questlons displayed below.] Sun Corporation recelved a charter that authorized the Issuance of 82,000 shares of $6 par common stock and 18,000 shares of $75 par, 6 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation. Year 1 Jan. 5 sold 12,300 shares of the $6 par common stock for $8 per share. 12 sold 1,800 shares of the 6 percent preferred stock for $85 per share. Apr. 5 sold 16,400 shares of the $6 par common stock for $10 per share. Dec. 31 During the year, earned $306,900 in cash revenue and paid $235,200 for cash operating expenses. 31 Declared the cash dividend on the outstanding shares of preferred stock for Year 1. The dividend will be paid on February 15 to stockholders of record on January 10, Year 2. Year 2 Feb.15 Paid the cash dividend declared on December 31, Year 1. Mar. 3 sold 2,760 shares of the $75 par preferred stock for $95 per share. May. 5 Purchased 550 shares of the common stock as treasury stock at $12 per share. Dec.31 During the year, earned $246,900 in cash revenues and paid $175,000 for cash operating expenses. 31 Declared the annual dividend on the preferred stock and a $0.50 per share dividend on the common stock