Problem 11-5A Cheyenne Corp. has been authorized to issue 19,400 shares of $100 par value, 8%, noncumulative preferred stock and 1,040,000 shares of no-par common stock. The corporation assigned a $4 stated value to the common stock. At December 31, 2017, the ledger contained the following balances pertaining to stockholders equity. Preferred Stock $144,000 Paid-in Capital in Excess of Par ValuePreferred Stock 20,400 Common Stock 1,930,000 Paid-in Capital in Excess of Stated ValueCommon Stock 1,450,000 Treasury Stock (3,400 common shares) 30,600 Retained Earnings 82,000 Accumulated Other Comprehensive Income 48,400 The preferred stock was issued for $164,400 cash. All common stock issued was for cash. In November 3,400 shares of common stock were purchased for the treasury at a per share cost of $9. No dividends were declared in 2017. Prepare the journal entries for the following. (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 0 for the amounts.) (1) Issuance of preferred stock for cash. (2) Issuance of common stock for cash. (3) Purchase of common treasury stock for cash. Prepare the stockholders equity section of the balance sheet at December 31, 2017.

Prepare the stockholders' equity section of the balance sheet at December 31, 2017 CHEYENNE CORP Partial Balance Sheet Problem 11-5A Cheyenne Carp. hae bcen authorized to issue 19 400 shares ars 100 par value 8% noncurnu tive preferred stack ind 1,040,000 shares af no par comman stack. The corporation assianed a $4 stated value to the common stok. At Decernber 31, 2017, the leer coriteined the lelowing balences pertaining to stockholders equity. Preferred Stock Wald-in Capital In Excess of ar Value-Vreferred Stork Comma Stock Paid-inn Cepital in Excess of Stated Value-common Treasury Stock (3,400 common shares) Retalned tarnings Accumulated Other Comprhensive Incone $11,000 201,411 1,930,000 Stock 1,450,000 30,600 H2,DI 49,400 The preterred stock was issued tor $164,400 cash. All common stock issued was tor cash. In November 3,400 shares of common stock were purchased tor the treasury at a per share cost ot $9. No dividends were declared in 2017 Prepare the c urnal entr s for the fc llowin I redit account titles are automatically indented when amo.nt is entered no nnt Indent man"al y 1f no entry ts required, select for the accolnt titles and enter () or the No ntry amo,nts. (1) uarice ol prefeired sLork for Lash. 2 Issuance ot common stock tor cash. (3 Purchase of common treasury stock for cash. Nei. Munt Titles and Explanation Debit Credit 2