PI$1-81$B$.$ Stockholders' Equity Transactions, Journal Entries, and T$-$Accounts The stockholders 'quily of Zhou Corporation at Jaruary I follows:

$10\%$ prelerred stock, $$100$ par valus, $20,000$ shares authorized, $4,000$ shares

Commen stcck$,$ $$4$ par valuo $100,$ c$00$ shares authorized:

Paidin capital in excess of par value $-$Ptelaned steck.............................. $400000$

$,$Tohal Sicohholders' Equy

to $$100$ perstare cominats stork: prefercal stodi.

Sept: I Acquird lo$,000$ shanes of conmon stock for cish at $$21$ per share.

Noy: $21$ Isuad $5,000$ shares of commen stock at $22$ cish per share:

Dec. $28$ Sold $500$ treasury shares at $$23$ per shane.

$31$ Closed net inconic of $$150,000$ io the Retained Earmings ncount

Required Ine January I balanees.

Prepane journal cntries, for the given transactions and poxt them to the T$-$accounts $($wet up any additional T$-$tecounts needed$).$ Do not prepare the journal cotry for the Dec. $31$ usinsaction, hut