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Required A1 Required A2 Required B Required C Record the effect of transactions 1-6 in journal entry format. (If no entry is required for a
Required A1 Required A2 Required B Required C Record the effect of transactions 1-6 in journal entry format. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Enter your answers in dollars.) No Transaction General Journal Debit Credit 1 Cash V 5,814,000 Additional paid-in capital 3,914,000 Common stock V 1,900,000 2 2 Cash V 1, 104,000 Treasury stock V 1, 104,000 3 3 Income summary V 1,320,000 Retained earnings V 1,320,000 4 4 Retained earnings V 441,000 Cash V 441,000 5 5 Retained earnings V 688,000 Cash v 688,000 6 6 No journal entry required VRequiredB RequiredC Required A1 E Required A2 Calculate the doar amounts that DeZurik Corp. would report for each stockholders' equity caption on its June 30, 2020, balance sheet, after recording the eFFects of transactions 1-6. Also the treasury stock was purchased at $18.4. (Enter your answer in thousands of dollars. Amounts to be deducted should be indicated with a minus sign.) Preferred stock $ 6,120 6 Common stock 18,500 0 Additional paid-in capital on common stock 28,482 0 Retained earnings 20,146 0 Treasury stock (4,784) 0 Total stockholders' equity $ 68,464 Required A1 Required A2 E Required B E Required C Indicate how the stockholders' equity caption details for DeZurik Corp. would change for the June 30, 2020, balance sheet, as compared to the disclosures for the 2019 balance sheet. (Round the preferred stock values in dollars, rounded to 2 decimal places. (e.g., 32.16). Do not enter answer in thousands.) Preferred stock $ 2.45 a $ 34.00 a par value, cumulative, 200,000 0 shares authorized, 180,000 0 shares issued and outstanding. Common stock $ 5 par value 4,000,000 shares authorized 3,700,000 0 shares issued 3,440,000 a shares outstanding. Treasury common stock, at cost, 260,000 0 shares. DeZurik Corp. had the following stockholders\" equity section in its June 30, 2020, balance sheet (in thousands, except share and per share amounts): June so [in thousands] 2326 2819 Paidain capital: $4.96 Preferred stock, 5 1 par value, cumulative, 288,698 shares authorized, 98,888 shares issued and outstanding a. 6,128 Common stock, $5 par value, monomer: shares authorized, 3,326,868 shares issued, 3,886,688 shares outstanding Additional paid-in capital on common stock 24,553 Retained earnings Less: Treasury common stock, at cost, 3 shares 9; 63,464 $ 51,355 Total stockholders' equity The transactions affecting the stockholders' equity accounts of DeZurik Corp. for the year ended June 30, 2020, are summarized here: 1. 380,000 shares of common stock were issued at $15.30 per share. 1 60,000 shares of treasury (common) stock were sold for $18.4 per share. 3. Net income for the year was $1,320 n thousands]. 4. The fiscal 2020 preferred dividends were paid in fuil, Assume that all 90,000 shares were outstanding throughout the year ended June 30, 2020, 5. A cash dividend of $0.20 per share was declared and paid to common stockholders. Assume that transactions (1) and (2) occurred before the dividend was declared. 6. The preferred stock was split 2 for 1 on June 30, 2020. (Note: This transaction had no effect on transaction 4.) Required: a1. Record the effect of transactions 16 injournal entry format. al Calculate the doar amountsthat DeZurik Corp. would report for each stockholders' equity caption on its June 30, 2020, balance sheet, after recording the effects of transactions 176. Also the treasury stock was purchased at $i8.4. b. indicate how the stockholders equity caption details for DeZurik Corp. would change forthe June 30, 2020, balance sheet, as compared to the disclosures for the 20i9 balance sheet, c. What was the average issue price of common stock shown on the .June 30, 2020, balance sheet? Complete this quEIion by entering your answers in the labs below. Required A2 Required E Required C ' Required A1 What was the average iue price of common stock shown on the June 30, 2020, balance sheet? (Round your answer to 2 decimal places. (e.g., 32.16))
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