Question
The stockholders equity accounts of Miley Corporation on January 1, 2014, were as follows. Preferred Stock (6%, $100 par noncumulative, 4,900 shares authorized...$294,000 Common Stock
| The stockholders equity accounts of Miley Corporation on January 1, 2014, were as follows. Preferred Stock (6%, $100 par noncumulative, 4,900 shares authorized...$294,000 Common Stock ($3 stated value, 321,400 shares authorized) .............. 771,360 Paid-in Capital in Excess of Par ValuePreferred Stock...........................11,760 Paid-in Capital in Excess of Stated ValueCommon Stock.................... 257,120 Retained Earnings683,400Treasury Stock(4,900 common shares)......... 39,200
During 2014, the corporation had the following transactions and events pertaining to its stockholders equity.
Journalize the transactions.
FEB.1 DB CASH 35700 CR COMMON STOCK 15300 CR PAID IN CAPITAL EXCESS 20400 MAR 20 DB TREASURY STOCK 13440 CR CASH 13440 OCT 1 DB CASH DIVIDENDS 17640 CR DIVIDENDS PAYABLE 17640 NOV 1 DB DIVIDENDS PAYABLE 17640 CR CASH 17640 DEC 1
DEC 31 (TO RECORD NET INCOME)
DEC 31 (TO CLOSE CASH DIVIDENDS)
DEC 31 ( TO RECORD PAYMENT OF CASH DIVIDENDS PAYABLE)
GOT STUCK AND NEED HELP ON THE REST PLEASE!!!
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