Stockholders' Equity: Transactions and Balance Sheet Presentation Tunic Corporation was organized on April 1, with an authoritation of 25.000 shares of six pron 350 par value preferred stock and 200,000 shares of 55 par value common stock. During April the follow transactions affecting stockholders equity occurred A od 2.000 of common stock 515 3.000 stano come to come and more for common There ssted es of common stock dons for equipment that must be $1.000 300.000 sturen dered stock for chat per the Required a Prepare journal entries to record the above transactions General journal Data Description NAC Coco Paidas como Det OM Credit OV OM O o OM Od Com PC Como 0 0 0 0 0 A OM 0 O OM Com Funcoo Parlo ca OM 0 OM Podcast Date Credit Debit 0 X 5 OV 0 X 0X 0 0 0X 0. 07 OX 0X General Journal Description Apr 01 Cash Gommon Stock Pald-in Capital in Excess of Par Valve Common Stock Issued shares of common stock Apr 03 Organization Costs Common Stock Paid-in-Capital in Excess of Par Value - Common Stock Issued common stock for organization costs. Apr 08 Equipment Common Stock Pald-in Capital in Excess of Par Value - Common Stock Issued common stock for equipment. Apr.20 Cash Preferred Stock Paid-in-Capital in Excess of Par Value - Preferred Stock Issued shares of preferred stock OX 0. OV 0 OX OX 0 X 0 0 OOO 0X OX N b. Prepare the stockholders' equity section of the balance sheet at April 30. Assume that the net income for April is $49,000. Stockholders' Equity Pald in Capital Preferred Stock e Vis 0 X Common Stock 0 X 5 OX Additional Pald in Capital Paid-in-Capital in Excess of Par value. Preferred Stock OX Pald-in-Capital in Excess of Par valueCommon Stock 0X 0X Total Paid-in-Capital 0.X Retained Earnings 0X Total Stockholders' Equity OK Stockholders' Equity: Transactions and Balance Sheet Presentation Tunic Corporation was organized on April 1, with an authoritation of 25.000 shares of six pron 350 par value preferred stock and 200,000 shares of 55 par value common stock. During April the follow transactions affecting stockholders equity occurred A od 2.000 of common stock 515 3.000 stano come to come and more for common There ssted es of common stock dons for equipment that must be $1.000 300.000 sturen dered stock for chat per the Required a Prepare journal entries to record the above transactions General journal Data Description NAC Coco Paidas como Det OM Credit OV OM O o OM Od Com PC Como 0 0 0 0 0 A OM 0 O OM Com Funcoo Parlo ca OM 0 OM Podcast Date Credit Debit 0 X 5 OV 0 X 0X 0 0 0X 0. 07 OX 0X General Journal Description Apr 01 Cash Gommon Stock Pald-in Capital in Excess of Par Valve Common Stock Issued shares of common stock Apr 03 Organization Costs Common Stock Paid-in-Capital in Excess of Par Value - Common Stock Issued common stock for organization costs. Apr 08 Equipment Common Stock Pald-in Capital in Excess of Par Value - Common Stock Issued common stock for equipment. Apr.20 Cash Preferred Stock Paid-in-Capital in Excess of Par Value - Preferred Stock Issued shares of preferred stock OX 0. OV 0 OX OX 0 X 0 0 OOO 0X OX N b. Prepare the stockholders' equity section of the balance sheet at April 30. Assume that the net income for April is $49,000. Stockholders' Equity Pald in Capital Preferred Stock e Vis 0 X Common Stock 0 X 5 OX Additional Pald in Capital Paid-in-Capital in Excess of Par value. Preferred Stock OX Pald-in-Capital in Excess of Par valueCommon Stock 0X 0X Total Paid-in-Capital 0.X Retained Earnings 0X Total Stockholders' Equity OK
