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Requirement 1. Joumalize Hamburg Jewelry's transactions. Explanations are not required. (Fecord debits first, then credits. Exclude explanasions from any journal entries.) Feb 13: lssued 5,600
Requirement 1. Joumalize Hamburg Jewelry's transactions. Explanations are not required. (Fecord debits first, then credits. Exclude explanasions from any journal entries.) Feb 13: lssued 5,600 shares of common stock for $8 per share. Jun 7: Dedared the regular cash dividend on the prederred stock. Jun 24: Paid the cash dindend. Aug 9: Declared and distribuled a 20\% stock dividend on the common stock. Market price of the common stock was \$10 per share. Dct 26: Reacquired 700 shares of common stock as treasury stock, paying $12 per share. Non 20: Sold 100 shares of the treasury stock for $15 per share. Dec 31: Declared a cash dividend of 50.30 per share on the outstanding common stock; dividends will be paid in January, 2023. (Found your answer to the nearest whole dollar.) Requirement 2. Report the company's stockholders' equity at December 31, 2022. Net income for 2022 was \$22,000. (Enter the aocounts in the proper order for the stockholders' equity section of the balance sheet) 3: Requirements 1. Journalze Hamburg Jeweiry's transactions. Explanations are not required. 2. Report the company's stockhoiders' equity at December 31, 2022. Net income for 2022 was \$22,000
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