P10-80A (book/static) Moscow Jewelry Company reported the following summarized balance sheet at December 31, 20X6 (Click the icon to view the transactions.) BE (Click the icon to view the statement.) Requirements 1. 2. Journalize Moscow's transactions. Explanations are not required Report Moscow's shareholders' equity at December 31, 20X7. Net income for 20X7 was $28,000. Data Table: - X ed Data Table During 20X7, Moscow completed these transactions that affected shareholders' equity: Feb 13 Issued 5,400 ordinary shares for $6 per share. Jun 7 Declared the regular cash dividend on the preference share Aug. 9 Distributed a 10% share dividend on the ordinary share. Market price of the ordinary share was $7 per share. Oct Nov. 24 Paid the cash dividend. 26 Reacquired 500 shares of ordinary share as treasury share, paying $8 per share 20 Sold 200 shares of the treasury shares for $13 per share. Print Done Assets Current assets. Property and equipment, net. Total assets Liabilities and Equity Liabilities Shareholders' equity $0.70 cumulative preference share, $5 par, 300 shares issued Ordinary share, $4 par, 6,500 shares issued Paid-in capital in excess of par Jun 24: Paid the cash dividend. Journal Entry Date Accounts Debit Credit Jun 24 Dividends Payable 210 Choose from any list or enter any number in the input fields and then click Check Answer. 1 part remaining Type here to search Retained earnings Total liabilities and equity C Print Done Clear All e 33,600 74,000 X $ 107,600 $ 37,300 1,500 26,000 17,800 25,000 $ 107,600