The stockholders' equity accounts of Pronghom Corp. on January 1, 2017, were as follows Preferred Stock (6%, $100 par moncumulative, 5,000 shares authorized) $300,000 Common Stock ($4 stated value, 300,000 shares authorized) 1,000,000 Pald-in Capital in Excess of Par Value-Preferred Stock 15,000 Pald-in Capital in Excess of Stated Value-Common Stock 480,000 Retained Earnings 686,000 Treasury Stock (5,000 common shares) 40,000 hy During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1 Issued 5,000 shares of common stock for $30,000. Mar. 20 Purchased 1,000 additional shares of common treasury stock at $9 per share Oct. 1 Declared a 6% cash dividend on preferred stock, payable November 1. Nov. 1 Pald the dividend declared on October 1. Dec 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017 Dec 31 Paid the dividend declared on December 1. Your answer is incorrect. Try again (a) Prepare a tabular summary that includes the January 1, 2017, balances. Do not include the beginning balance in Retained Earnings in the tabula summary (b) Record the 2017 transactions in the tabuler summary Cound answers to decimal Sare trageti sus decrease in Auseta, en er stockholders will en (or wha) in front of the most entered to the Assets Liabilities Stockholdere Boulty Pald-in-Capital Retained in Cash Div. Pay + Common Stock PIC in Excess of stated Valus Com. + Pref, Stock PICI E of Par Value Prat Treasury Stock Revenue (b) Feb. 1 Hart 20 O 1 No.1 De Dec 31 The stockholders' equity accounts of Pronghom Corp. on January 1, 2017, were as follows Preferred Stock (6%, $100 par moncumulative, 5,000 shares authorized) $300,000 Common Stock ($4 stated value, 300,000 shares authorized) 1,000,000 Pald-in Capital in Excess of Par Value-Preferred Stock 15,000 Pald-in Capital in Excess of Stated Value-Common Stock 480,000 Retained Earnings 686,000 Treasury Stock (5,000 common shares) 40,000 hy During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1 Issued 5,000 shares of common stock for $30,000. Mar. 20 Purchased 1,000 additional shares of common treasury stock at $9 per share Oct. 1 Declared a 6% cash dividend on preferred stock, payable November 1. Nov. 1 Pald the dividend declared on October 1. Dec 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017 Dec 31 Paid the dividend declared on December 1. Your answer is incorrect. Try again (a) Prepare a tabular summary that includes the January 1, 2017, balances. Do not include the beginning balance in Retained Earnings in the tabula summary (b) Record the 2017 transactions in the tabuler summary Cound answers to decimal Sare trageti sus decrease in Auseta, en er stockholders will en (or wha) in front of the most entered to the Assets Liabilities Stockholdere Boulty Pald-in-Capital Retained in Cash Div. Pay + Common Stock PIC in Excess of stated Valus Com. + Pref, Stock PICI E of Par Value Prat Treasury Stock Revenue (b) Feb. 1 Hart 20 O 1 No.1 De Dec 31
