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RECORD THE FOLLOWING TRANSACTIONS IN PROPER JOURNAL FORMAT: Issued (Sold) 10,000 shares of PS at $ 103. Issued (Sold) 200,000 shares of CS at $14.

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RECORD THE FOLLOWING TRANSACTIONS IN PROPER JOURNAL FORMAT: Issued (Sold) 10,000 shares of PS at $ 103. Issued (Sold) 200,000 shares of CS at $14. Recorded Net Profit of $7,000,000. Declared CS Dividends at $. 10 Per Share Bought back Stock (Treasury Stock) 5,000 shares at $10. Sold 8,000 shares of Treasury Stock at $12 per share. INSTRUCTION #3: POST THE JOURNAL ENTRIES FROM ABOVE TO THE LEDGER. ONLY POST ACCOUNTS THAT ARE EQUITY OR CAPITAL ACCOUNTS. (Did you forget posting. It's easy... Remember copying from the journal to the ledger...Cheek Chapter 2 if necessary.) INSTRUCTION #4: GET THE BALANCES OF ALL THE ACCOUNTS IN THE LEDGER.. INSTRUCTION #5: PREPARE THE RETAINED EARNINGS STATEMENT INSTRUCTION #6; PREPARE THE STOCKHOLDERS' EQUITY SECTION OF THE BALANCE SHEET INSTRUCTION #7: DETERMINE THE EPS

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