Stockholders' Rquity: Transactions and Balance Sheet Presentation the stockholders equity of Sumtutit corporation at january I follow: The kollowing tramactions, among othech, occured during the year bec. 20 Sola 4.200 imalury viersan 5 perithre. Requeced - Piepure gurnal eneries for the piven trancactions and pont then to the Taccounts. Do not prepare the purnal enfy for the Dec. 31 transaction, but post the appropriate amount to the fletained Eamings Traccount. Deterinine the ending balinces for the toekholders equily accounts - Prepare the stocitiolders equny sncion of the balance sheetan December 31 Stockholders' Equity: Transactions and Balance Sheet Presentation The stockholders' equity of Summit Corporation at January 1 follows: The foltowing transactions, among others, occurred during the year: Oc. 12 sald 1:00 1ratuary shurel at 319 per share Nov. 21. 15sued 5,D00 shares of common stock ar \$14 per thuce. Dec 28 . Sold 1,200 teasuly thares ar 59 per share. Clesed net income of 395 .000 to the fiecaintd Farning accourt Required - Prepare journal entries for the given transactions and post them to the T-accounte. Do not prepare the journal tentry foe the Dec. 31 transaction, but post the appropriate amou Earnings T-account. Determine the ending balances for the stockholders equilyaccounts - Prepare the stockholders' equity section of the balance sheet at December 31. Stockholders' Rquity: Transactions and Balance Sheet Presentation the stockholders equity of Sumtutit corporation at january I follow: The kollowing tramactions, among othech, occured during the year bec. 20 Sola 4.200 imalury viersan 5 perithre. Requeced - Piepure gurnal eneries for the piven trancactions and pont then to the Taccounts. Do not prepare the purnal enfy for the Dec. 31 transaction, but post the appropriate amount to the fletained Eamings Traccount. Deterinine the ending balinces for the toekholders equily accounts - Prepare the stocitiolders equny sncion of the balance sheetan December 31 Stockholders' Equity: Transactions and Balance Sheet Presentation The stockholders' equity of Summit Corporation at January 1 follows: The foltowing transactions, among others, occurred during the year: Oc. 12 sald 1:00 1ratuary shurel at 319 per share Nov. 21. 15sued 5,D00 shares of common stock ar \$14 per thuce. Dec 28 . Sold 1,200 teasuly thares ar 59 per share. Clesed net income of 395 .000 to the fiecaintd Farning accourt Required - Prepare journal entries for the given transactions and post them to the T-accounte. Do not prepare the journal tentry foe the Dec. 31 transaction, but post the appropriate amou Earnings T-account. Determine the ending balances for the stockholders equilyaccounts - Prepare the stockholders' equity section of the balance sheet at December 31
