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Stanley Systems completed the following stock issuance transactions: May 19 Issued 1,200 shares of $2 par value common stock for cash of $12.00 per share.

Stanley Systems completed the following stock issuance transactions:

May 19 Issued 1,200 shares of $2 par value common stock for cash of $12.00 per share.

Jun. 3 Isssued 500 shares of $8, no-par preferred stock for $25,000 cash.11 Received equipment with a market value of $70,000 in exchange for 4,000 shares of the $2 par value common stock

Requirements

1.

Journalize the transactions. Explanations are not required.

2.

How much paid-in capital did these transactions generate for

StanleyStanley

Systems?

Date

Accounts

Debit

Credit

May 19

Cash

Common Stock$2 Par Value

Paid-In Capital in Excess of ParCommon

And if possible please help me with,

Pioneer Amusements Corporation had the following stockholders' equity on November 30:

Stockholders' Equity

Paid-In Capital:

Common Stock$5 Par Value; 1,300 shares

authorized, 150 shares issued and outstanding $

750

Paid-In Capital in Excess of ParCommon 2,250

Total Paid-In Capital 3,000

Retained Earnings 56,000

Total Stockholders' Equity $

59,000

(Click the icon to view the stockholders' equity.) On December 30,Pioneer purchased 100 shares of treasury stock at $ 14 per share.

Read the requirements

1.

Journalize the purchase of the treasury stock.

2.

Prepare the stockholders' equity section of the balance sheet at December 31,

20182018.

Assume the balance in retained earnings is unchanged from

NovemberNovember

3030.

3.

How many shares of common stock are outstanding after the purchase of treasury stock?

Date

Accounts and Explanation

Debit

Credit

Dec. 30

Treasury StockCommon

1000

Cash

1000

Purchased treasury stock.

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