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this is the second time I posted this. I'm not getting the right answers and I don't know how to find them. Steckholdert' Inuty Section
this is the second time I posted this. I'm not getting the right answers and I don't know how to find them.
Steckholdert' Inuty Section of Beiance sheet The foliowing accounts and thel bolancos acpest in the kdger of Goodale Properties thc: on June 30 of the current year: Retained Earnings Statement Pressure Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended January 31 , 20Y2: Prepare a retained earnings statement for the fiscal year ended January 31,20Y2. The following selected accounts appear in the ledger of Upscale Construction thc. at the beginning of the current year: During the year, the corporation completed a number of transactions affecting the stockholders' equity, They are summarized as foliows: a. Issued 50,000 shares of common stock at $32, receiving cash. b. Issued 23,000 shares of preferred 2% stock at $62. c. Purchased 30,000 shares of treasury common for $2.8 per share. d. Sold 15,000 shares of treasury common for $31 per share. e. Sold 10,000 shares of treasury common for $26 per share. f. Declared cash dividends of $1.00 per share on preferred stock and $0.04 per share on common stock. 9. Paid the cash dividends. Required: Journalize the entries to record the transactions. If an amount box does not require an entry, leave it blank. a Iscued 50.000 shares of common stock at $32, recelving cash. b. Issued 23,000 shares of preferred 2% stock at $62. Feedback Check My Work c. Purchased 30,000 shares of treasury common for $28 per share. Feodback Check My Work d d. What is the company selling? Pay attention to the price these shares are being sold for and the price originally paid to feacquire these shares. e. Sold 10,000 shares of treasury common for $26 per share. Feedback Check My Wonk f. Declared cash dividends of $1.00 per share on preferred stock and $0.04 per share on common stock. Feodback Check My Work Step by Step Solution
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