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London Jewelry Company reported the following summarized balance sheet at December 31, 2016: EEB (Click the lcon to view the statement.) During 2017, London Jewelry completed these transactions that affected stockholders' equity: (Click the ioon to view the transactions.) Requirements 1 Journalize London Jewelry's transactions. Explanations are not required 2 Report London Jewelry's stockholders' equity at December 31, 2017. Net income for 2017 was $30,000 Requirement 1. Journalize London Jewelry's transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Feb 13: Issued 5,200 shares of common stock for $12 per share. Journal Entry Date Accounts Debit Credit Feb 13 Jun 7: Declared the regular cash dividend on the preferred stock. Journal Entry Date Accounts Debit Credit Jun 7 Choose from any list or enter any number in the input fields and then continue to the next question More Info Data Table Feb 13 Issued 5,200 shares of common stock for $12 per share. Jun 7 Declared the regular cash dividend on the preferred stock. Assets 80,700 24 Paid the cash dividend. Property and equipment, net Aug 9 Declared and distributed a 10% stock dividend on the common stock. $ 114,400 Total assets Market price of the common stock was $13 per share. 26 Reacquired 600 shares of common stock as treasury stock, paying $18 per share. 20 Sold 400 shares of the treasury stock for $19 per share. 31 Declared a cash dividend of $0.25 per share on the outstanding Liabilities and Equity Oct Nov Dec Liabilities S 37,400 Stockholders' equity: $0.50 cumulative preferred stock, $10 par, 300 shares issued Common stock, $5 par, 5,900 shares issued Paid-in capital in excess of par-common Retained earnings.. Total liabilities and equity 3,000 29,500 17,500 27,000 S 114,400 .. .. common stock;dividends will be paid in January, 2018 Print Done Jun 7: Declared the regular cash dividend on the preferred stock Journal Entry Print Done Date Accounts Debit Credit Jun 7 Choose from any list or enter any number in the input fields and then continue to the next question tp London Jewelry Company reported the following summarized balance sheet at December 31, 2016 EEB (Click the icon to view the statement.) During 2017, London Jewelry completed these transactions that affected stockholders' equity (Click the icon to view the transactions.) Requirements 1. Journalize London Jewelry's transactions. Explanations are not required 2. Report London Jewelry's stackholders' equity at December 31, 2017. Net income for 2017 was $30,000. Requirement 2. Report London Jewelry's stockholders' equity at December 31, 2017. Net income for 2017 was $30,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Stockholders' Equity: par | $par |shares shares shares Total stockholders' equity Choose from any list or enter any number in the input fields and then continue to the next
