P10-87B (similar to) Question Help Walker Jewelry Company reported the following summarized balance sheet at December 31, 2018: (Click the icon to view the statement.) During 2019, Walker Jewelry completed these transactions that affected stockholders' equity: (Click the icon to view the transactions.) Read the requirements. 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 5,300 shares of common stock for $13 per share. Date Debit Credit Feb 13 Journal Entry Accounts Cash Common Stock Paid-in Capital in Excess of ParCommon Choose from any list or enter any number in the input fields and then click Check Answer. 7 parts remaining Clear All Check Answer P10-87B (similar to) s Question Help Data Table Walker Jewelry Company reported the following summarized balang (Click the icon to view the statement.) During 2019, Walker Jewelry completed these transactions that affe (Click the icon to view the transactions.) Read the requirements. Assets Amount Current assets Requirement 1. Journalize Walker Jewelry's transactions. Explanat Feb 13: Issued 5,300 shares of common stock for $13 per share. 33,400 102,400 Property and equipment, net $ 135,800 Total assets Journal Entry Accounts Date Cash $ 38,000 Feb 13 Common Stock 8,000 Paid-in Capital in Excess of ParCommon Liabilities and Equity Liabilities Stockholders' equity: $0.80 cumulative preferred stock, $20 par, 400 shares issued Common stock, $8 par, 5,700 shares issued Paid-in capital in excess of par-common Retained earnings Total liabilities and equity 45,600 18,200 26,000 $ 135,800 Choose from any list or enter any number in the input fields and Print Done parts remaining Clear All Check Answer s Question Help P10-87B (similar to) Walker Jewelry Company reported the following summarized balance sheet at December 31, 2018: (Click the icon to view the statement.) During 2019, Walker Jewelry completed these transactions tha (Click the icon to view the transactions.) More Info Read the requirements. Requirement 1. Journalize Walker Jewelry's transactions. Exp Feb 13: Issued 5,300 shares of common stock for $13 per shal Feb 13 Jun 7 Issued 5,300 shares of common stock for $13 per share. Declared the regular cash dividend on the preferred stock. Paid the cash dividend. 24 Journal Entry Accounts Date Aug 9 Declared and distributed a 10% stock dividend on the common stock. Feb 13 Cash Common Stock Oct Paid-in Capital in Excess of ParCommon Nov Market price of the common stock was $16 per share. 26 Reacquired 1,100 shares of common stock as treasury stock, paying $21 per share. 20 Sold 400 shares of the treasury stock for $25 per share. 31 Declared a cash dividend of $0.30 per share on the outstanding common stock; dividends will be paid in January, 2020. Dec Print Done Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check Answer s Question Help P10-87B (similar to) Walker Jewelry Company reported the following summarized balance sheet at December 31, 2018: (Click the icon to view the statement.) During 2019, Walker Jewelry completed these transactions that affected stockholders' equity: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Walker Jewelry's transactions. Explanations es.) Feb 13: Issued 5,300 shares of common stock for $13 per share. Requirements Journal Entry Accounts Date Feb 13 Cash 1. Journalize Walker 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. Common Stock Paid-in Capital in Excess of ParCommon Print Done Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check
