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Prepare a Statement of Stockholders Equity for Acme Co. using the following format: Account Common Preferred Additional Treasury Retained Total Stock Stock Pd in

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Prepare a Statement of Stockholders Equity for Acme Co. using the following format: Account Common Preferred Additional Treasury Retained Total Stock Stock Pd in Capital Earnings Issue Common St. Issue Preferred Purchase Treasury Sold Treasury Dividends Total Net Income Question 6 Acme Co. paid dividends that were previously declared. Record this transaction. Acme Co. declared $2,000 dividends to be paid next month. Record this transaction. Acme Co. sold 50 shares of its Treasury Stock for $10 per share. Record this transaction. Acme Co. bought 50 shares of its stock for $7 per share to be held as Treasury Stock. Record this transaction. Acme Co. issued 500 shares of $100 par Preferred Stock for $101 per share. Record this transaction. Acme Co. issued 1,000 shares of $1 par of Common Stock for $10,000. Record this transaction.

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