Please complete and show work.
Choctaw Co. completed the following transactions in 2018. the first year of operation Issued 39.000 shares of $10 par common stock for $10 per share. 2 Issued 4,900 shares of $2 3 Purchased 2,900 shares of common stock as treasury stock for $12 per share. 4 Declared a $3.900 cash dividend on preferred stock 5. Sold 2,000 shares of treasury stock for $14 per share 6. Paid $3,900 cash for the preferred dividend declared in Event 4 7. Earmed cash revenues of $116.000 and incurred cash expenses of $60,000 8 Appropriated $9.900 of retained earnings stated value preferred stock for $20 per share. Required a. Organize the transaction in accounts under an accounting equation b. Prepare the stockholders' equity section of the balance sheet as of December 31 2018. Complete this question by entering your answers in the tabs below. Required A Required B Organize the transaction in acceunts under an accounting equation. (Enter any decreases to as Earnings) alances with minus sign. Select "NA if there is no effect on the "Accounts Titles for Retained Chootaw Co Accounting Equation for the Year 2018 Stockholders' Equity Event Assets Liabibities Paid-in Capital Dividens Payable Preferred Stock Common Stock Appropriated Retained Earnings Cash Treasury Retained Accounting Tte Retained Eamings Stock Eamings Treasuary Stock 2 7 7b Totals 0+ Required El Choctaw Co. completed the folowing transactions in 2018, the first year of operation 1 Issued 39,000 shares of $10 par common stock for $10 per share 2 Issued 4,900 shares of $20 stated value preferred stock for $20 per share 3. Purchased 2,900 shares of common stock as treasury stock for $12 per share. 4 Declared a $3,900 cash dividend on preferred stock 5. Sold 2,000 shares of treasury stock for $14 per share 6. Paid $3,900 cash for the preferred dividend declared in Event 4 7. Earned cash revenues of $116,000 and incurred cash expenses of $60,000 & Appropriated $9,900 of retained earnings. Requlred a. Organize the transaction in accounts under an accounting equation. b. Prepare the stockholders' equity section of the balance sheet as of December 31, 2018. Complete this question by entering your answers in the tabs below. Required A Required B Organize the transaction in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. Select "NA" if there is no effect on the Earnings".) Choctaw Co Accounting Equation for the Year 2010 Event Assets Liabilities Stockholders' Equity Paid-in Capital In Excess Treasury Appropriated Retained Dividens Payable Preferred Stock Common Stock Treasuly Retained Cash Accounting Title Retained Earnings Stock Earnings Eamings Stock 1. 2 3. 4. 5 7a. Tb + Totals 0+ 0 R red A Required B
