P10-79A (similar to) Question Help Requirements Torino Jewelry Company reported the following summarized balance sheet at December 31, 2018: : (Click the icon to view the statement.) During 2019, Torino Jewelry completed these transactions that affected stockholders' equity: (Click the icon to view the transactions.) Read the requirements 1. Journalize Torino Jewelry's transactions. Explanations are not required. 2. Report the company's stockholders' equity at December 31, 2019. Net income for 2019 was $24,000. Requirement 1. Journalize Torino Jewelry's transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Feb 13: Issued 6,000 shares of common stock for $11 per share. Print Done Journal Entry Accounts Date Debit Credit Feb 13 Data Table Assets Current assets Amount 33,400 63,200 - More Info Property and equipment, net. 96,600 Cash Common Stock Dividends Payable Paid-in Capital from Treasury Stock Transactions Paid-in Capital in Excess of ParCommon Preferred Stock Retained Earnings Treasury Stock-Common Feb 37,500 Jun 2.000 Aug Total assets Liabilities and Equity Liabilities Stockholders' equity: $0.80 cumulative preferred stock, $20 par, 100 shares issued Common stock, $2 par, 5,900 shares issued Paid-in capital in excess of par-common Retained earnings Total liabilities and equity 13 Issued 6,000 shares of common stock for $11 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 $15 per share. 26 Reacquired 900 shares of common stock as treasury stock, paying $18 per share. 20 Sold 400 shares of the treasury stock for $19 per share 31 Declared a cash dividend of $0.30 per share on the outstanding common stock; dividends will be paid in January, 2020. 11,800 17.300 Oct 28,000 Nov $ 96,600 Dec Print Done Print Done Choose from any list or enter any number in the input fields and then click oncek Answer. 7 parts Clear All Check Answer remaining