rob. 37,035 Question 1 of 2 Jan. 11 Fett 1 July 29 Aug. 10 Dec. 31 Dec. 31 (a) A PDQ Date PDQ JUL in 2 in in Account Titles and Explanation tv N in X You are screen sharing A C F On January 5, 2025, Blossom Corporation received a charter granting the right to issue 5,200 shares of $100 par value, 8% cumulative and nonparticipating preferred stock, and 46,600 shares of $10 par value common stock. It then completed these transactions. Stop Share Issued 20,300 shares of common stock at $16 per share. Issued to Sanchez Corp. 3,600 shares of preferred stock for the following assets: equipment with a fair value of $48,600; a factory building with a fair value of $146,000; and land with an appraised value of $266,000. Purchased 2,000 shares of common stock at $17 per share. (Use cost method.) Sold the 2,000 treasury shares at $14 pers share. Declared a $0.45 per share cash dividend on the common stock and declared the preferred dividend. Closed the Income Summary account. There was a $163,400 net income. W W Questio... Debit - / 50. Record the journal entries for the transactions listed above. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in the problem statement.) G = zoom W Credit : C a W 7 G 7

On January 5,2025 . Blossom Corporation received a charter granting the right to issue 5,200 shares of $100 par value, 8% cumulative and nonparticipating preferred stock, and 46,600 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Issued 20,300 shares of common stock at $16 per share. FetI 1 Issued to Sanchez Corp. 3,600 shares of preferred stock for the following assets: equipment with a fair value of $48,600; a factory building with a fair value of $146,000; and land with an appraised value of $266,000. July 29 Purchased 2,000 shares of common stock at $17 per share. (Use cost method) Aug. 10 Sold the 2,000 treasury shares at $14 per share. Dec 31 Declared a $0.45 per share cash dividend on the common stock and declared the preferred dividend. Dec. 31 Closed the Income Summary account. There was a \$163,400 net income. (a) Record the journal entries for the transactions listed above. (List all debit entries before credit entries. Gredit account titles are: automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in the problem statement.)