Statement of Stockholders' Equity At the beginning of the year Haley Corporation had the following equity accounts and balances Common stock, $10 par $800,000 Additional paid in capitalcommon stock 200,000 Retained earnings 279,000 During the year Haley engaged in the following transactions involving its equity accounts Sold 8,000 shares of common stock for $35 per share Sold 1,000 shares of 9 , $120 par preferred stock at $125 per share Declared and paid cash dividends of $19,000 Repurchased 800 shares of treasury stock (common) for $54 per share Sold 300 of the treasury shares for $60 per share Required Question Content Area 1 Prepare the journal entries for Transactions a through e If an amount box does not require an entry, leave it blank a Accounts PayableAdditional Paid In Capital Common StockCashCommon StockPreferred Stock CashCommon StockDividends DeclaredPreferred StockTreasury Stock Accounts PayableAccounts ReceivableAdditional Paid In Capital Common StockCashPreferred Stock b Accounts PayableAdditional Paid In Capital Preferred StockCashDividends DeclaredPreferred Stock CashCommon StockDividends DeclaredPreferred StockTreasury Stock Accounts PayableAdditional Paid In Capital Common StockAdditional Paid In Capital Preferred StockCashCommon Stock c Accounts PayableCashCommon StockDividends DeclaredPreferred Stock Accounts PayableCashCommon StockDividends DeclaredPreferred Stock d Accounts PayableAdditional Paid In Capital Treasury StockCashDividends DeclaredTreasury Stock Accounts PayableAdditional Paid In Capital Treasury StockCashDividends DeclaredTreasury Stock e Accounts PayableAdditional Paid In Capital Treasury StockCashDividends DeclaredTreasury Stock Accounts PayableAdditional Paid In Capital Preferred StockAdditional Paid In Capital Treasury StockCommon StockDividends Declared Accounts ReceivableCashCommon StockPreferred StockTreasury Stock Question Content Area 2 Net income for the year was $82,000 Prepare a statement of stockholders equity at year end Stockholders' equity Accounts payableAccounts receivableCashPreferred stock, 9 , $120 parRetained earnings $ Select Accounts receivableCashCommon stock, $10 parDividends payableTreasury stock Select Additional paid in capital Accounts payableCashDividends payablePreferred stockRetained earnings $ Select Accounts payableAccounts receivableCommon stockRetained earnings Select Accounts payableAccounts receivableCashRetained earningsTreasury stock Select blank Total additional paid in capital blank fill in the blank dff4b8f9f073f9f 11 Total capital stock $fill in the blank dff4b8f9f073f9f 12 Accounts receivableCommonPreferred stock, 9 , $120 parRetained earningsTreasury stock, at cost Select Add CommonAdd PreferredAdd Treasury stock, at costLess PreferredLess Treasury stock, at cost Select Total stockholders' equity $fill in the blank dff4b8f9f073f9f 17

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Posted on Jul 24, 2024

Statement of Stockholders' Equity

At the beginning of the year Haley Corporation had the following equity accounts and balances:

Common stock, $10 par	$800,000
Additional paid-in capitalcommon stock	200,000
Retained earnings	279,000

During the year Haley engaged in the following transactions involving its equity accounts:

Required:

1. Prepare the journal entries for Transactions a through e. If an amount box does not require an entry, leave it blank.

a.	Accounts PayableAdditional Paid-In Capital-Common StockCashCommon StockPreferred Stock
	CashCommon StockDividends DeclaredPreferred StockTreasury Stock
	Accounts PayableAccounts ReceivableAdditional Paid-In Capital-Common StockCashPreferred Stock
b.	Accounts PayableAdditional Paid-In Capital-Preferred StockCashDividends DeclaredPreferred Stock
	CashCommon StockDividends DeclaredPreferred StockTreasury Stock
	Accounts PayableAdditional Paid-In Capital-Common StockAdditional Paid-In Capital-Preferred StockCashCommon Stock
c.	Accounts PayableCashCommon StockDividends DeclaredPreferred Stock
	Accounts PayableCashCommon StockDividends DeclaredPreferred Stock
d.	Accounts PayableAdditional Paid-In Capital-Treasury StockCashDividends DeclaredTreasury Stock
	Accounts PayableAdditional Paid-In Capital-Treasury StockCashDividends DeclaredTreasury Stock
e.	Accounts PayableAdditional Paid-In Capital-Treasury StockCashDividends DeclaredTreasury Stock
	Accounts PayableAdditional Paid-In Capital-Preferred StockAdditional Paid-In Capital-Treasury StockCommon StockDividends Declared
	Accounts ReceivableCashCommon StockPreferred StockTreasury Stock

2. Net income for the year was $82,000. Prepare a statement of stockholders equity at year end.

Stockholders' equity:
Accounts payableAccounts receivableCashPreferred stock, 9%, $120 parRetained earnings		$- Select -
Accounts receivableCashCommon stock, $10 parDividends payableTreasury stock		- Select -
Additional paid-in capital:
Accounts payableCashDividends payablePreferred stockRetained earnings	$- Select -
Accounts payableAccounts receivableCommon stockRetained earnings	- Select -
Accounts payableAccounts receivableCashRetained earningsTreasury stock	- Select -	blank
Total additional paid-in capital	blank	fill in the blank dff4b8f9f073f9f_11
Total capital stock		$fill in the blank dff4b8f9f073f9f_12
Accounts receivableCommonPreferred stock, 9%, $120 parRetained earningsTreasury stock, at cost		- Select -
Add: CommonAdd: PreferredAdd: Treasury stock, at costLess: PreferredLess: Treasury stock, at cost		- Select -
Total stockholders' equity		$fill in the blank dff4b8f9f073f9f_17