This Question: 27 pts 4 of 5 (2 complete) Diamond Jewellery Limited reported the following summarized balance sheet at December 31, 2016: Click the icon to view the statement.) (Click the icon to view the transactions.) Requirements 1. Journalize Diamond's transactions. Explanations are not required 2. Report Diamond Jewellery Limited's shareholders' equity at December 31, 2017 Net income for 2017 was $27,000 Requirement 1. Journalize the transactions. (Record debits first, then credits. Explanations are not required.) Feb 13: Issued 5,700 common shares for $8 per share. Journal Entry Date Accounts Debit Credit Feb 13 June 7: Declared the regular cash dividend on the preferred shares Choose from any list or enter any number in the input fields and then continue to the next question Statement . Assets Current assets $ 33,900 56,900 Property and equipment, net CA 90,800 Total assets Liabilities and Equity Liabilities CA 37,500 Shareholders' equity: $0.80 cumulative preferred shares, 800 shares issued Common shares, 6 500 shares issued 8,800 24,500 20,000 Retained earnings Total liabilities and equity 90.800 are Print Done San N hp Click the icon to view the transactions.) - X nations are mreholders' e 0 Transactions ord debits fil Share. mnal Entry During 2017, Diamond completed these transactions that affected shareholders' equity Feb 13 Issued 5,700 common shares for $8 per share. June 7 Declared the regular cash dividend on the preferred shares. July 24 Paid the cash dividend. Aug 9 Distributed a 6% stock dividend on the common shares, Market price of the common shares was $9 per share. Nov 20 Sold 700 common shares for $12 per share CS Print Done on the preferred she This Question: 27 pts 4 of 5 (2 comp! Diamond Jewellery Limited reported the following summarized balance sheet at December 31, 2016: E (Click the icon to view the statement.) (Click the icon to view the transactions.) Requirements Journalize Diamond's transactions. Explanations are not required. 2. Report Diamond Jewellery Limited's shareholders' equity at December 31, 2017 Net income for 2017 was $27,00 1. July 24: Paid the cash dividend, Journal Entry Date Accounts Debit Credit July 24 Aug 9. Distributed a 6% stock dividend on the common shares. Market price of the common shares was $9 per share Journal Entry nata Arte nahi Crorti Choose from any list or enter any number in the input fields and then continue to the next question EL Type here to search o hp Diamond Jewellery Limited reported the following summarized balance sheet at December 31, 2016: B Click the icon to view the statement.) (Click the icon to view the transactions.) Requirements 1. Journalize Diamond's transactions. Explanations are not required. 2. Report Diamond Jewellery Limited's shareholders' equity at December 31, 2017. Net income for 2017 wa Nov 20: Sold 700 common shares for $12 per share. Journal Entry Date Accounts Debit Credit Nov 20 Requirement 2. Report Diamond Jewellery Limited's shareholders' equity at December 31, 2017 Net income for 2017 was (Enter the accounts in the proper order.) Choose from any list or enter any number in the input fields and then continue to the next question Type here to search (hp) Diamond Jewellery Limited reported the following summarized balance sheet at December 31, 2016: (Click the icon to view the statement.) (Click the icon to view the transactions.) Requirements 1. Journalize Diamond's transactions. Explanations are not required. 2. Report Diamond Jewellery Limited's shareholders' equity at December 31, 2017. Net income for 2017 was $2 Requirement 2. Report Diamond Jewellery Limited's shareholders' equity at December 31, 2017 Net income for 2017 was (Enter the accounts in the proper order.) Shareholders' Equity Total shareholders' equity Choose from any list or enter any number in the input fields and then continue to the next question Type here to search