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Required information E5-13 (Static) Inferring Stock Issuances and Cash Dividends from Changes in Stockholders' Equity L05-3 [The following information applies to the questions displayed below.)

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Required information E5-13 (Static) Inferring Stock Issuances and Cash Dividends from Changes in Stockholders' Equity L05-3 [The following information applies to the questions displayed below.) Pacific Gas and Electric Company is a giant public utility operating in northern and central California whose annual revenues exceed $17 billion. It reported the following December 31 simplified balances in its statement of stockholders equity (dollars in millions! Common stock Taid-in capital Betained earnings Current Year Prior Year $1,322 $1,321 3,505 3,050 9.656 During the current year, Pacific Gas and Electric reported net income of $1691 View transaction list 12 Journal entry worksheet 1 > ok Record the entry for stock issuance. nces Debit Credit Note: Enter debits before credits Transaction Goneral Journal 1 Cash Common stock Additional paid-in capital Record entry Clear entry View general journal C

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