Stockholders equity transactions journal entries and T accounts the stockholders equity of Fremantle corporation of January 1 follows

Stockholders' Equity Transactions, Journal Entries, and T-Accounts The stockholders' equity of Fremantle Corporation at January 1 follows: 8 Percent preferred stock $100 par value, 20,000 shares authorized: 4,000 shares issued and outstanding $400.000 Common stock. 52 par value, 10.000 shares authorized: 40,000 shares issued and outstanding 80.000 Pald-in capital in excess of par value-Preferred stock 200,000 Pald-in capital in excess of par value-Common stock 800.000 Retained earnings 550,000 Total Stockholders' Equity $2,030,000 The following transactions, among others, occurred during the year: Jan 1 Announced a 2.for common stock split, reducing the par value of the common stock to St per share Mar 31 Converted 570.000 face value of convertible bonds payable the book value of the bonds was 575.0001 to common stock Each 51.000 bond converted to 125 shares of common stock June 1 Acquired equipment with a fair market value of $45.000 in exchan for 300 shares of preferred stock Sept 1 Acquired 10,000 shares of common stock for cash at 520 per share. NOV. 21 issued 5.000 shares of common stock at 522 cash per share Dec 25 Sold 1.000 treasury shares at 524 per share 31 Closed net income of $100.000 to the Retained Earnings account Required ! My Subscriptic - Business ourse Return to course Hequired a. Set up T-accounts for the stockholders' equity accounts as of the beginning of the year and enter the January 1 balances. HINT: Complete part b. below prior to entering any additional T-account data. Cash Bonds Payable Premium on Bonds Payable Sep.01 Mar 31 Mar 31 Nov 21 Dec 28 Equipment Jun 01 Preferred Stock Common Stock Bet Jun 01 Bal Beg Mar 31 Nov.21 Bal. Paid-in-Capital in Excess of Par Value - Preferred Stock Beg. Jun 01 Ba Pald-in-Capital in Excess of Par Value - Common Stock Bez Mar 31 Nov.21 Bal. Pald-in-Capital from Treasury Stock Dec 23 Treasury Stock - Common Retained Earning Sept.01 Dec.23 Bal DC31 epare journal entries for the given transactions and post them to the T-accounts opriate amount to the Retained Earnings T-account. Determine the ending balar General Journal te Description Debit Credit 1 (Memorandum) Common Stock split 2 for 1. .31 Bonds Payable $ 83000 $ Premium on Bonds Payable 127000 Common Stock 10000 Paid-in-Capital in Excess of Par Value - Common Stock - 200000 To record conversion of bonds. 7.01 Paid-in-Capital in Excess of Par Value - Preferred Stock Issued preferred stock in exchange for equipment. ept.01 . Purchased treasury stock. Hov.21 Common Stock > issued common stock Dec.28 Paid-in-Capital from Treasury Stock To record sale of treasury stock