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Tokyo Jewelry Company reported the following summarized balance sheet at December 31, 2018: III (Click the icon to view the statement.) During 2019, Tokyo Jewelry

image text in transcribed Tokyo Jewelry Company reported the following summarized balance sheet at December 31, 2018: III (Click the icon to view the statement.) During 2019, Tokyo Jewelry completed these transactions that affected stockholders' equity: (i) (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Tokyo Jewelry's transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Feb 13: Issued 5,800 shares of common stock for $11 per share. Jun 7: Declared the regular cash dividend on the preferred stock. Jun 24: Paid the cash dividend. Aug 9: Declared and distributed a 10% stock dividend on the common stock. Market price of the common stock was $16 per share. 1. Journalize Tokyo Jewelry's transactions. Explanations are not required. 2. Report the company's stockholders' equity at December 31, 2019. Net income for 2019 was $33,000

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