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Problem#2 Wildhorse Rental Corporation had the following balances in its shareholders' equity accounts at January 1, 2024: Accumulated other comprehensive income (loss) Contributed surplus-reacquisition of

Problem#2 Wildhorse Rental Corporation had the following balances in its shareholders' equity accounts at January 1, 2024: Accumulated other comprehensive income (loss) Contributed surplus-reacquisition of common shares Retained earnings Common shares (27,000 shares) Feb. 2 Apr. 17 Oct. 29 $(25,000) Dec. 31 560,000 Wildhorse had the following transactions and events during 2024: 1,600,000 675,000 Repurchased 1,100 shares for $44,000. Declared and paid cash dividends of $66,000. Issued 2.500 shares for $105,000 cash. Reported comprehensive income for the year of $378,000, which included other comprehensive income of $36,000. Prepare journal entries to record the transactions that took place during 2024. (Credit account titles are automatically indented when the 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. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Prepare a statement of changes in shareholders' equity at December 31, 2024. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
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Wildhorse Rental Corporation had the following balances in its shareholders' equity accounts at January 1, 2024: Wilhorse had the following transactions and events during 2024: Feb. 2 Repurchased 1,100 shares for 544,000 . Acx. 17 Declared and paid cash dividends of 566,000 Oct. 29 Issued 2.500 thares for 5105,000 cin. Dec. 31 Reported comprehensive income for the year of 3976.000 , which induded other comprehensive income. of $36,000. Prepare journal entries to record the transactions that took place during 2024. (Credit occount titles are outomotically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the account titles and enter ofor the amounts. Record journal entries in the order presented in the problem, List all debit entries before credit entries) Prepare a statement of changes in shareholders' equity at December 31, 2024. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.3. (45))

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