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Please show me what formulas you insert into the cells, thank you Where applicable, all numbers should be cell references or formulas (ie SUM). Full
Please show me what formulas you insert into the cells, thank you
Where applicable, all numbers should be cell references or formulas (ie SUM). Full credit will not be given for numbers typed into cells. Proper formatting should also be applied ie.Numbers are formatted as "accounting", underlines and double underlines should be utilized where applicable At the beginning of 2017, Austin Corporation's stockholders' equity consisted of the following: Common stock, $25 par value, 100,000 shares authorized, 50,000 shares issued Paid-In capital in excess of par value common stock Retained earnings 1,250,000 70,000 430,000 $1,750,000 10 Total stockholders' equity 12 13 14 15 16 17 18 19 20 21 During the year, the company completed these transactions: Jan 1 Purchased 5,500 shares of treasury stock at $25 per share. 5 The directors declared a $2 per share cash dividend payable on Feb 28 to the Feb 5 stockholders of record. Feb 28 Paid the dividend declared on Jan 5 July Aug Sept 6 Sold 2,063 of the treasury shares at $29 per share. Sold 3,437 of the treasury shares at $22 per share. The directors voted a $2 per share cash dividend payable on Oct 28 to the Sept 25 stockholders of record. Paid the dividend declared on Sept 5 Closed the IncomeSummary account and carried the company's $428,000 net income to Retained Earnings. 22 5 23 24 25 26 27 28 29 30 31 32 Oct 28 Dec 31 TAB INSTRUCTIONS: (1) Prepare the journal entries to record the transactions. x fcCommon stock, $25 par value, 100,000 shares authorized, 50,000 shar L7 General Journal GENERAL JOURNAL Debit Credit P. R Date Account Titles and 10 12 13 14 15 16 17 18 19 20 21 Feb 28 Au 23 24 25 26 27 28 29 30 31 32 Oct Dec 31 34Step by Step Solution
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