Required information E5 13 (Algo) Inferring Stock Issuances and Cash Dividends from Changes in Stockholders' Equity LO5 3 Skip to question The following information applies to the questions displayed below Consolidated Edison, Incorporated (Con Edison), is a public utility company operating primarily in New York whose annual revenues exceed $12 billion It reported the following December 31 simplified balances in its statement of stockholders equity (dollars in millions) Current Year Prior Year Common stock $ 38 $ 35 Paid in capital 8,154 7,237 Retained earnings 10,700 10,278 During the current year, Con Edison reported net income of $1,353 E5 13 Part 2 2 Assume that the only other transaction that affected stockholders equity during the current year was a single stock issuance for cash Recreate the journal entry reflecting the stock issuance (in millions) Note If no entry is required for a transaction event, select No journal entry required in the first account field Enter your answers in millions (i e , 10,000,000 should be entered as 10)

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Required information E5-13 (Algo) Inferring Stock Issuances and Cash Dividends from Changes in Stockholders' Equity LO5-3 Skip to question [The following information applies to the

Required information

E5-13 (Algo) Inferring Stock Issuances and Cash Dividends from Changes in Stockholders' Equity LO5-3

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[The following information applies to the questions displayed below.]

Consolidated Edison, Incorporated (Con Edison), is a public utility company operating primarily in New York whose annual revenues exceed $12 billion. It reported the following December 31 simplified balances in its statement of stockholders equity (dollars in millions):

	Current Year	Prior Year
Common stock	$ 38	$ 35
Paid-in capital	8,154	7,237
Retained earnings	10,700	10,278

During the current year, Con Edison reported net income of $1,353.

E5-13 Part 2

2. Assume that the only other transaction that affected stockholders equity during the current year was a single stock issuance for cash. Recreate the journal entry reflecting the stock issuance (in millions).

Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).