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plz make answers visible for IPhone June 30 (in thousands 2020 2019 $ 4,590 Paid in capital: $6.20 Preferred stock, $ 2 par value, cumulative,
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June 30 (in thousands 2020 2019 $ 4,590 Paid in capital: $6.20 Preferred stock, $ 2 par value, cumulative, 200,000 shares authorized, 85,000 shares issued and outstanding Common stock, $5 par value, 4,000,000 shares authorized, 3,450,000 shares issued, 3,000,000 shares outstanding Additional paid in capital on comon stock Retained earnings Less Treasury common stock, at cost, 2 shares Total stockholders' equity 30,015 $ 20,185 $ 63,002 The transactions affecting the stockholders' equity accounts of DeZurik Corp. for the year ended June 30, 2020, are summarized here: 1.350,000 shares of common stock were issued at $15.90 per share 2.70,000 shares of treasury (common) stock were sold for $19.7 per share. 3. Net Income for the year was $1.450 (in thousands) 4. The fiscal 2020 preferred dividends were paid in full. Assume that all 85,000 shares were outstanding throughout the year ended June 30, 2020, 5. A cash dividend of $0.20 per share was declared and paid to common stockholders. Assume that transactions (1) and (2) occurred before the dividend was declared 6. The preferred stock was split 2 for 1 on June 30, 2020. (Note: This transaction had no effect on transaction 4) Required: 0-1. Record the effect of transactions 16 In journal entry format 0-2. Calculate the dollar amounts that Dezurik Corp, would report for each stockholders' equity caption on its June 30, 2020, balance sheet, after recording the effects of transactions 16. Also the treasury stock was purchased at $19.7 b. Indicate how the stockholders equity caption details for Deurik Corp, would change for the June 30, 2020, balance sheet, as compared to the disclosures for the 2019 balance sheet c. What was the average issue price of common stock shown on the June 30, 2020, balance sheet Step by Step Solution
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