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Use the following to answer questions 6 - 1 2 The company has two classes of stock authorized: $ 1 0 0 . 0 0

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Use the following to answer questions 6-12
The company has two classes of stock authorized: $100.00 par preferred and $0.50 par value common. As of the beginning of 20xC,1,000 shares of preferred stock and 200,000 shares of common stock have been issued.
Record the following transactions to complete the Statement of Stockholders' Equity:
\table[[,,Effect on Stockholders' Equity],[1-Mar,\table[[Issue 1,000 additional shares of preferred],[stock for $101.00 per share]],],[1-Apr,\table[[Issue 100,000 additional shares of common],[stock for $30 per share]],],[1-Jun,\table[[Declare a cash dividend on both common and],[preferred stock of $1.00 per share to all],[stockholders of record on June 15.]],],[30-Jun,Pay the cash dividend declared on June 1.,],[1-Aug,\table[[Repurchase 10,000 shares of common treasury],[stock for $31.00 per share]],],[1-Oct,\table[[Reissue 8,000 shares of treasury stock],[purchased on August 1 for $33.00 per share]],],[31-Dec,Net income for the year was $380,000,]]
The beginning balances are shown below. Complete the Statement of Stockholders' Equity using the above information:
\table[[,\table[[Preferred],[Stock]],\table[[Common],[Stock]],\table[[Additional],[Paid-in],[Capital]],\table[[Retained],[Earnings]],\table[[Treasury],[Stock]],\table[[Total],[Stockholders'],[Equity]]],[\table[[Beginning balance],[20XC]],$100,000,$100,000,$2,700,000,$700,000,$0,$3,600,000
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