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Stockholder's Equity Pald-in-Capital B%. Preferred Stock, $100 par value, cumulative, 50.000 shares Authorized, 50,000 shares issued and outstanding In excess of per on preferred stock
Stockholder's Equity Pald-in-Capital B%. Preferred Stock, $100 par value, cumulative, 50.000 shares Authorized, 50,000 shares issued and outstanding In excess of per on preferred stock Total Paid-in-Capital from Preferred Stock $ 5.000.000 $ 5,300,000 $ $ 7.500.000 200.000 Common Stock, no par, $25 stated value, 1,000,000 shares authorized, 300,000 shares issued and outstanding In excess of stated value on common stock Total Paid-in-Capital from Common Stock Total Paid-in-Capital Retnined Earnings (Note A) Total Stockholder's Equity $ $ $ $ 100,000 13.400,000 4.100.000 17.500.000 Note A: Preferred stock dividends are in arrears for 2018. On the following journal pages, prepare the appropriate journal entries, tany, for the following transactions in 2019. If an entry is not required write the date and "none" in the journal. 1/25 Issue 20,000 shares of common stock for $40 per share. 2/18 The Board of Directors declared a cash dividend on preferred and common stock talina $900.000 pavable on March 15, to stockholders of record on February 28 (Record dividends on preferred and common stock in separate accounts. - Check retained earnings Note A) 2/28 Date of record for cash dividends on preferred and common stock. 3/15 Pald the 2/18 cash dividend. 5/20 Declared a 10% stock dividend, distributable on June 15, to stockholders of record on May 31. The market value of Russell Corporation's common stock was $40 per share. 5/31 Date of record for stock dividend on common stock, 6/15 Distributed stock dividend to common stockholders 7/10 Purchased 45,000 shares of Russell Corporation's common stock for $42 por share 8/13 Sold 12.000 shares of Treasury Stock for $48 per share. 11/12 Sold 25.000 shares of Treasury Stock for $25 per share
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