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Please help fill in the t accounts, financial statement (partial) and changes to shareholder equity THANK YOU Question 1 Uli Corporation, a publicly traded company,

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Please help fill in the t accounts, financial statement (partial) and changes to shareholder equity

THANK YOU

Question 1 Uli Corporation, a publicly traded company, is authorized to issue 203,000 $4 cumulative preferred shares and an unlimited number of common shares. On January 1, 2018, the general ledger contained the following shareholders' equity accounts: Preferred shares (7,700 shares issued) $431,200 Common shares (64,400 shares issued) 966,000 Contributed surplus 23,200 Retained earnings 804,000 Accumulated other comprehensive income 9,200 The following equity transactions occurred in 2018: Feb. 6 Apr. 6 27 May 29 Aug. 22 Dec. 14 Issued 10,200 preferred shares for $622,200. Issued 18,400 common shares for $524,400. Reacquired and retired 2,800 common shares at $17 per share. Declared a semi-annual cash dividend to the preferred shareholders of record at June 12, payable July 1. Issued 9,100 common shares in exchange for a building. At the time of the exchange, the building was valued at $165,700 and the common shares at $151,000. The board of directors decided there were insufficient funds to declare the semi-annual dividend to the preferred shareholders. Net income for the year was $527,000. 31 Open T accounts and post to the shareholders' equity accounts. (Record entries in the order presented in the problem.) Preferred Shares Feb. 6 622200 622200 Dec. 31 Bal. Common Shares Apr. 6 47600 | Feb. 6 V 524400 Aug. 22 V 165700 V Dec. 31 Bal. 642500 Retained Earnings Contributed Surplus V V Dividends Declared Accumulated Other Comprehensive Income Jan. 1 Bal. V 9200 Dec. 31 Bal. 9200 Prepare the statement of changes in equity for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) ULI CORPORATION Statement of Changes in Equity December 31, 2018 Share Capital Contributed Accumulated Other Preferred Shares Common Shares Surplus Retained Earnings Comprehensive Income Total Balance, Jan. 1 431200 Issued preferred shares Issued common shares Repurchased common shares Dividends declared Net income Balance, Dec. 31 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare the shareholders' equity section of the statement of financial position at December 31. (Enter account name only and do not provide descriptive information.) ULICORPORATION Statement of Financial Position (Partial) For the Year Ended December 31, 2018 Shareholders' Equity Share Capital Preferred Shares Common Shares Contributed Surplus Total Contributed Capital Retained Earnings Accumulated Other Comprehensive Income Total Shareholders' Equity Click if you would like to Show Work for this question: Open Show Work Question 1 Uli Corporation, a publicly traded company, is authorized to issue 203,000 $4 cumulative preferred shares and an unlimited number of common shares. On January 1, 2018, the general ledger contained the following shareholders' equity accounts: Preferred shares (7,700 shares issued) $431,200 Common shares (64,400 shares issued) 966,000 Contributed surplus 23,200 Retained earnings 804,000 Accumulated other comprehensive income 9,200 The following equity transactions occurred in 2018: Feb. 6 Apr. 6 27 May 29 Aug. 22 Dec. 14 Issued 10,200 preferred shares for $622,200. Issued 18,400 common shares for $524,400. Reacquired and retired 2,800 common shares at $17 per share. Declared a semi-annual cash dividend to the preferred shareholders of record at June 12, payable July 1. Issued 9,100 common shares in exchange for a building. At the time of the exchange, the building was valued at $165,700 and the common shares at $151,000. The board of directors decided there were insufficient funds to declare the semi-annual dividend to the preferred shareholders. Net income for the year was $527,000. 31 Open T accounts and post to the shareholders' equity accounts. (Record entries in the order presented in the problem.) Preferred Shares Feb. 6 622200 622200 Dec. 31 Bal. Common Shares Apr. 6 47600 | Feb. 6 V 524400 Aug. 22 V 165700 V Dec. 31 Bal. 642500 Retained Earnings Contributed Surplus V V Dividends Declared Accumulated Other Comprehensive Income Jan. 1 Bal. V 9200 Dec. 31 Bal. 9200 Prepare the statement of changes in equity for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) ULI CORPORATION Statement of Changes in Equity December 31, 2018 Share Capital Contributed Accumulated Other Preferred Shares Common Shares Surplus Retained Earnings Comprehensive Income Total Balance, Jan. 1 431200 Issued preferred shares Issued common shares Repurchased common shares Dividends declared Net income Balance, Dec. 31 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare the shareholders' equity section of the statement of financial position at December 31. (Enter account name only and do not provide descriptive information.) ULICORPORATION Statement of Financial Position (Partial) For the Year Ended December 31, 2018 Shareholders' Equity Share Capital Preferred Shares Common Shares Contributed Surplus Total Contributed Capital Retained Earnings Accumulated Other Comprehensive Income Total Shareholders' Equity Click if you would like to Show Work for this question: Open Show Work

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