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Question 9 of 9 < lew Policies urrent Attempt in Progress The stockholders' equity accounts of Wildhorse Corporation on January 1.2025, were as follows
Question 9 of 9 < lew Policies urrent Attempt in Progress The stockholders' equity accounts of Wildhorse Corporation on January 1.2025, were as follows Preferred Stock (10%, $100 par noncumulative, 5,000 shares authorized) $475,000 Common Stock ($10 stated value, 800.000 shares authorized) 1,520,000 Paid-in Capital in Excess of Par-Preferred Stock 62.000 Paid-in Capital in Excess of Stated Value-Common Stock 930,000 Retained Earnings 740,000 Treasury Stock (8,900 common shares) 71,200 During 2025, the corporation had the following transactions and events pertaining to its stockholders' equit Mar 1 Issued 6,100 shares of common stock for $80 per share tockholders' Equity estion 9 of 9 < ring 2025, the corporation had the following transactions and events pertaining to its stockholders' equity -/20 1 Issued 6.100 shares of common stock for $80 per share une 22 Purchased 1.500 additional shares of common treasury stock at $11 per share Sept. 1 Oct. 1 Dec 31 Declared a 10% cash dividend on preferred stock, payable October 1 Paid the dividend declared on September 1. Declared a 50.70 per share cash dividend to common stockholders of record on December 15, payable December 2025 Determined that net income for the year was $119,000. Paid the dividend declared on December 1 ournalize the transactions for the dates shown. Include entries to close net income and dividends to Retained Earnings (Record jou tries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manu 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 Mar 1 Debit Credit
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