Reculred information Problem 11-26A (Algo) Recording and reporting stock transactions and cash dividends across two accounting cycies 20113,116 The following intermation applies to the questions dhipiayed belovk) Sun Caiporation recelved a charter that euthorired the issuance of 88,000 shares ef $6 par common stock and 19,000 shares of 5100 pag, 5 percent cumolatwe eredered stock Sun Corporation completed the folowing transutions during its fres bwat yoars of operation. Year 1 3anuary'5 Sold 13,20 shares of the 16 par coenon steck for is per share. January 12 Sold 1,906 shares of the 5 percest preferred stock for s11e per share. Nerily sold 17,600 thares of the 16 par conten steck for sie per share. Dersmber 31 During the yer, earned 3312,592 in cash revenue and paid \$242, 706 for. cash operat ine Decester 11 Dectared the csst dividead of the outstanding shares of preferred steck for Year to. Ther. dividend with be pasd on february is to steckholders of recerd of 3 ssiary so, reaf z. Vear 2 Inbruary is Faid the cash divldend declared on Beceaber 31, Year 1. March 3 - Sold 2,55 shares of the slee gar preferred steck ter s1ze per okare. Moy's Purchised tat ohares of the ceecon steck as treasury stock at st2 per whare. Decesber 31 puring the year, earned s245, 6e0 in cash revenues and paid sire, 1 be for cash operating. Decenber 31 Declared the mayst divisend on the preferred stock and a 40.25 per whare alvideaf an the conmon stork. Aequired a. Orpanize the transaction data in occounts under an accounting equation. Note: Enter any decreases to account balances with a minus sign, Not all cells require input. Reculred information Problem 11-26A (Algo) Recording and reporting stock transactions and cash dividends across two accounting cycies 20113,116 The following intermation applies to the questions dhipiayed belovk) Sun Caiporation recelved a charter that euthorired the issuance of 88,000 shares ef $6 par common stock and 19,000 shares of 5100 pag, 5 percent cumolatwe eredered stock Sun Corporation completed the folowing transutions during its fres bwat yoars of operation. Year 1 3anuary'5 Sold 13,20 shares of the 16 par coenon steck for is per share. January 12 Sold 1,906 shares of the 5 percest preferred stock for s11e per share. Nerily sold 17,600 thares of the 16 par conten steck for sie per share. Dersmber 31 During the yer, earned 3312,592 in cash revenue and paid \$242, 706 for. cash operat ine Decester 11 Dectared the csst dividead of the outstanding shares of preferred steck for Year to. Ther. dividend with be pasd on february is to steckholders of recerd of 3 ssiary so, reaf z. Vear 2 Inbruary is Faid the cash divldend declared on Beceaber 31, Year 1. March 3 - Sold 2,55 shares of the slee gar preferred steck ter s1ze per okare. Moy's Purchised tat ohares of the ceecon steck as treasury stock at st2 per whare. Decesber 31 puring the year, earned s245, 6e0 in cash revenues and paid sire, 1 be for cash operating. Decenber 31 Declared the mayst divisend on the preferred stock and a 40.25 per whare alvideaf an the conmon stork. Aequired a. Orpanize the transaction data in occounts under an accounting equation. Note: Enter any decreases to account balances with a minus sign, Not all cells require input
