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Entries for Issuing Stock On January 22, Shamrock Corporation issued for cash 31,000 shares of no par common stock at $35. On February 14, Shamrock issued at par value 4,000 shares of preferred 6% stock, 575 par for cash. On August 30, Shamrock issued for cash 12,000 shares of preferred 6% stock, 575 par at $83. Journalize the entries to record the January 22, February 14, and August 30 transactions. If an amount box does not require an entry, leave it blank. Jan, 22 Cash Common Stock Feb. 14 Cash Preferred stock v 101 1 0 Aug 30 Cash Preferred Stock Pald-In Capital in Excess of Par-Preferred Stock Entries for Treasury Stock On May 27, Mama Mia Inc. reacquired 76,000 shares of its common stock at $9 per share. On August 3, Mama Mia sold 53,000 of the reacquired shares at $12 per share. On November 14, Mama Mia sold the remaining shares at $7 per share. Journalize the transactions of May 27, August 3, and November 14. If an amount box does not require an entry, leave it blank. May 27 Treasury Stock Cash Aug. 3 Cash Treasury Stock Paid-In Capital from Sale of Treasury Stock III III 111 IIII Nov. 14 Cash Pald-In Capital from Sale of Treasury Stock Treasury Stock Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. There are 90,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $50 par Pald-In Capital from Sale of Treasury Stock Pald-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock $3,150,000 63,000 882,000 1,764,000 31,000 Stockholders' Equity Pald-In Capital Common Stock, $50 Par (90,000 Shares Authorized, 1,000 Shares Issued) Excess of Issue Price Over Par Paid in capital, common stock From Sale of Treasury Stock Total Paid in Capital Retained Earnings Total Treasury Stock Total Stockholders' Equity