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Questo2 Not complete Marked out of 5.09 Has question Identifying and Analyzing Financial Statement Effects of Stock Issuance and Repurchase On January 1, 2019, Bartov
Questo2 Not complete Marked out of 5.09 Has question Identifying and Analyzing Financial Statement Effects of Stock Issuance and Repurchase On January 1, 2019, Bartov Company issues 5,000 shares of $100 par value preferred stock at S250 cash per share. On March 1, the company repurchases 5.000 shares of previously issued $1 par value common stock at $83 cash per Share a. Using the financial statement effects template, illustrate the effects of these two transactions, Use negatie signs with answers when appropriate, when applicable, enter total amount for contributed capital, Balance Sheet Income Statement Noncash Contrib Earned Contra Transaction Cash Asset + Asset = Liabilities + Capital + Capital Equity Revenues Expenses = Net Income 1/1/19 Issurd preferred stock 3/1/19. Rapurchase commor stock + b. Prepare the journal entries lur the two transactions General Journal Date Description Debit Credit 1/1/19 Preferred stock 3/1/19 c. Past the journal entries from b to the related T-accounts. Cash Preferred Stock Treasury Stock Additional Pald in Capital Check
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