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Preferred Stock ( 7 % , $ 1 0 0 par noncumulative, 4 , 5 0 0 shares authorized ) $ 2 7 0 ,
Preferred Stock $ par noncumulative, shares authorized
$
Common Stock $ stated value, shares authorized
Paidin Capital in Excess of ParPreferred Stock
Paidin Capital in Excess of Stated ValueCommon Stock
Retained Earnings
Treasury Stock common shares
During the corporation had the following transactions and events pertaining to its stockholders' equity.
Feb. Issued shares of common stock for $
Mar. Purchased additional shares of common treasury stock at $ per share.
Oct. Declared a cash dividend on preferred stock, payable November
Nov. Paid the dividend declared on October
Dec. Declared a $ per share cash dividend to common stockholders of record on December payable December
Dec. Determined that net income for the year was $ Paid the dividend declared on December
Journalize the transactions. Include entries to close net income and dividends to Retained Earnings.Record entries in the order
displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no
entry is required, select No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.
Date
Account Titles and Explanation
Debit
Credit
Feb.
Cash
Common Stock
Paidin Capital in Excess of Stated ValueCommon Stock
Treasury Stock
Cash
Cash Dividends
Dividends Payable
Nov.
Dividends Payable
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