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please help me with this questions. its one question with many parts. make sure to answer all for a up vote and i have 1
please help me with this questions. its one question with many parts. make sure to answer all for a up vote and i have 1 hr so plz make sure to answer all because i cant post them again. i will leave a up vote if you answer all. thanks! Sun Corporation recelved a chanter that authorized the issuance of 83,000 shares of $7 par common stock and 19.000 shares of $100 pat, 7 percent cumulative preferred stock. Sun Corporaton completed the following transactions during its first two years of operation. Year 1 2an. 5 sold 12,45 shares of the $7 par comnon stock for $9 per share. 12 sold 1, 90e shares of the 7 percent preferred stock for site per share. Apr. 5 sold 16,690 shares of the $7 par common stock for $11 per share. Dec.31 During the year, earned 5317,900 in cash revenue and paid 3226,600 for cash operating expenses. 31 Declared the cash dividend on the outstanding shares of preferred stock for year 1. The dividend will be paid on february 15 to stockholders of record on Janwary 10 , vear 2. Yeer 2 Feb.15 Paid the cash dividend declared on Decenber 31 , Year 1 . Mar. I sold 2 , ase shares of the \$100 par preferred stock for $120 per share. kay 5 Purchased 6 ee shares of the common stock as treasury stock at sid per share. bec, 11 During the year, earned $251,500 in cash revenues and paid $172,200 far cash aperating expenses. 31 Declared the annual dividend on the preferred stock and a 50.25 per share dividend on the comnon stock. Required 6. Organize the transaction data in accounts under an accounting equation. b. Prepare the stockholders' equity section of the balance sheet at December 31, Year 1 . c. Prepare the balance sheet ot December 31 , Year 2. the acrount btie Leave the cell binkk it there is no effect.i]. Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section of the balance sheet at December 31 , Year 1. Complete this question by entering your answers in the tabs below. Prepare the balance sheet at December 31 , Year 2. (Negative amount should be indicated by a minus sign.)
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