Review Test: Lesson Module #1 Test - Ch 13, 14, and 15 Disco Corporation's balance sheet as of December 31, 2018, follows (Click the icon to view the partial balance sheet.) Data table Requirement 1. Journalize Disco's transactions for 2019. (Record debits first, then credits. Select the explanation Jan 1: Issued 80,000 shares of common stock for $15 per share. Date Accounts and Explanation Jan. 1 Cash Common Stock-$1 Par Value Paid-In Capital in Excess of Par-Common Issued common stock at a premium Feb 15: Issued 30,000 shares of common stock for $13 per share. Date Feb. 15 Cash Accounts and Explanation Question 4, CYU13-1 (similar to) Test Score: 70.81%, 70.81 of 100 points Points: 5.75 of 20 Close During 2019, Disco Corporation had the following transactions: (Click the icon to view the transactions.) Read the requirements More info Disco Corporation Jan. 1 Issued 80,000 shares of common stock for $15 per share. Debit 1.200.000 Credit Balance Sheet (Partial) December 31, 2018 Stockholders' Equity Feb. 15 Issued 30,000 shares of common stock for $13 per share. Declared a $0.40 per share cash dividend on its common stock to be paid on Mar. 1 March 30. Date of record: March 15. 80,000 Mar. 30 Paid the cash dividend to stockholders Paid-In Capital: 1,120,000 Common Stock-$1 Par Value: 16,000,000 shares Nov. 11 authorized. 12.000.000 shares issued and outstanding S Paid-In Capital in Excess of Par-Common 12,000,00 400,00 Nov. 30 Distributed stock to stockholders. Debit 390,000 Credit Total Stockholders' Equity 30,000 360,000 Total Paid-In Capital Retained Earnings Dec. 1 Dec. 20 Declared a 5% common stock dividend on all common stock outstanding Current market price of the stock was $14. Date of record: Nov. 15. Purchased 6,000 shares of treasury stock-common at $20 per share. 12,400,00 480,000,00 Sold 2,000 shares of treasury stock-common at $26 per share. $ 492,400,00 Print Done Common Stock-$1 Par Value Paid-In Capital in Excess of Par-Common Issued common stock at a premium Mar. 1: Declared a $0.40 per share cash dividend on its common stock to be paid on March 30. Date Accounts and Explanation Mar. 1 Cash Dividends Dividends Payable-Common Declared a cash dividend of record for each dhidood declared on March 1 Debit 4,844,000 Credit 4.844,000 Print Done