Question Help At December 31, 2018, Mountain Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). B (Click the icon to view the data.) Mountain's 2019 transactions included (Click the icon to view the transactions.) Requirements 1. Journalize Mountain's transactions in parts b, c, d, and e. Explanations are not required. 2. What was the overall effect of these transactions (parts a-e) on Mountain's stockholders' equity? Requirement 1. Journalize Mountain's transactions in b, c, d, and e. Explanations are not required. (Enter amounts in millions as provided to you in the problem statement. Record debits first, then credits. Exclude explanations from any journal entries.) b. Issuance of 4 million shares of common stock for $16.50 per share. Journal Entry Accounts Date Debit Credit b. c. Purchase of 8 million shares of treasury stock for $104 million. Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question. ? Question Help At December 31, 2018, Mountain Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). (Click the icon to view the data.) Mountain's 2019 transactions included (Click the icon to view the transactions.) Requirements 1. Journalize Mountain's transactions in parts b, c, d, and e. Explanations are not required. 2. What was the overall effect of these transactions (parts a-e) on Mountain's stockholders' equity? c. Purchase of 8 million shares of treasury stock for $104 million. Journal Entry Accounts Date Debit Credit C. d. Sold 5 million of the treasury shares purchased in part c for $70 million Journal Entry Date Accounts Debit Credit d. Choose from any list or enter any number in the input fields and then continue to the next question. ? Question Help At December 31, 2018, Mountain Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). (Click the icon to view the data.) Mountain's 2019 transactions included (Click the icon to view the transactions.) Requirements 1. Journalize Mountain's transactions in parts b, c, d, and e. Explanations are not required. 2. What was the overall effect of these transactions (parts a-e) on Mountain's stockholders' equity? e 1. Declaration and payment of cash dividends of $28 million. Journalize the declaration of the dividend only. You will prepare the journal entry for the payment of the dividend next. Journal Entry Accounts Date Debit Credit e 1. e 2. Declaration and payment of cash dividends of $28 million. Now journalize the payment of the cash dividends. Choose from any list or enter any number in the input fields and then continue to the next question. ? Question Help At December 31, 2018, Mountain Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). E: (Click the icon to view the data.) Mountain's 2019 transactions included (Click the icon to view the transactions.) Requirements 1. Journalize Mountain's transactions in parts b, c, d, and e. Explanations are not required. 2. What was the overall effect of these transactions (parts a-e) on Mountain's stockholders' equity? e 2. Declaration and payment of cash dividends of $28 million. Now journalize the payment of the cash dividends. Journal Entry Date Accounts Debit Credit e 2. Requirement 2. What was the overall effect of these transactions (parts a through e) on Mountain's stockholders' equity? The overall net effect on stockholders' equity is a of $ Choose from any list or enter any number in the input fields and then continue to the next question. ? Question Help At December 31, 2018, Mountain Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). 3 (Click the icon to view the data.) Mountain's 2019 transactions included (Click the icon to view the transactions.) Requirements parts b, c, d, and e. Data Table ransactions (parts a-e) on e 2. Declaration and payment of a Now journalize the payment of the 60 Common stock, $3.00 par value per share, 20 million shares issued Paid-in capital in excess of par value Retained earnings 30 Date A A 250 e 2. (40) Treasury stock, at cost $ 300 Total stockholders' equity Print Done Requirement 2. What was the ov lity? The overall net effect on stockholders' equity is a of $ Choose from any list or enter any number in the input fields and then continue to the next question. ? Question Help At December 31, 2018, Mountain Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). 3 (Click the icon to view the data.) Mountain's 2019 transactions included (Click the icon to view the transactions.) Requirements 1. Journalize Mountain's transactions in parts b, c, d, and e. Explanations are not required Jansactions (parts a-e) on More Info e 2. Declaration and payment of Now journalize the payment of th a. Net income, $444 million b. Issuance of 4 million shares of common stock for $16.50 per share c. Purchase of 8 million shares of treasury stock for $104 million d. Sold 5 million of the treasury shares purchased in part c for $70 million e. Declaration and payment of cash dividends of $28 million Date e 2. Print Done Requirement 2. What was the overall effect of these transactions (parts a through e) on Mountain's stockholders' equity? The overall net effect on stockholders' equity is a of $ Choose from any list or enter any number in the input fields and then continue to the next
