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Problem $11-26$A $($Algo$)$ Recording and reporting stock transactions and cash dividends across two accounting cycles LO $11-3,11-6$

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Sun Corporation received a charter that authorized the issuance of $93,000$ shares of $$4$ par common stock and $22,000$ shares of $$125$ par, $5$ percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation.

Year $1$

January $5$ Sold $13,950$ shares of the $$4$ par common stock for $$6$ per share.

January $12$ Sold $2,200$ shares of the $5$ percent preferred stock for $$135$ per share.

April $5$ Sold $18,600$ shares of the $$4$ par common stock for $$8$ per share.

December $31$ During the year, earned $$309,400$ in cash revenue and paid $$244,400$ for cash operating expenses.

December $31$ Declared the cash dividend on the outstanding shares of preferred stock for Year $1.$ The dividend will be paid on February $15$ to stockholders of record on January $10,$ Year $2.$

Year $2$

February $15$ Paid the cash dividend declared on December $31,$ Year $1.$

March $3$ Sold $3,300$ shares of the $$125$ par preferred stock for $$145$ per share.

May $5$ Purchased $600$ shares of the common stock as treasury stock at $$8$ per share.

December $31$ During the year, earned $$254,100$ in cash revenues and paid $$175,500$ for cash operating expenses.

December $31$ Declared the annual dividend on the preferred stock and a $$0\mathrm{.}50$ per share dividend on the common stock. Problem $11-26$A $($Algo$)$ Part a

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a$.$ Organize the transaction data in accounts under an accounting equation.

Note: Enter any decreases to account balances with a minus sign. Not all cells require input.