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please answer all parts to the questions At December 31, 2016, Eastern Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions,
please answer all parts to the questions
At December 31, 2016, Eastern Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). Journalize Easter n's transactions in parts b, c, d, and e. Explanations are not required. What was the overall effect of these transactions (parts a - e) on Easter n's stockholders' equity? Requirement 1. Journalize Easter n's transactions in b, c, d, and e. Explanations are not required. (Enter amounts in millions as provided to you in the problem statement. Record debits first, then credits. Exclude explanations from any journal entries.) Issuance of 20 million shares of common stock for $12.00 per share. Net income, $446 million Issuance of 20 million shares of common stock for $12.00 per share Purchase of 7 million shares of treasury stock for $84 million Sold 4 million of the treasury shares purchased in part c for S56 million Declaration and payment of cash dividends of $34 millionStep by Step Solution
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