week 14 pt.6

and 460,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. 10 1 Jan Mar May Sept Nov. 1 Issued 70,000 shares of common stock for cash at $4 per share Issued 1,200 shares of preferred stock for cash at $54 per share. Issued 115,000 shares of common stock for cash at $6 per share. Issued 5,000 shares of common stock for cash at $7 per share. Issued 3,000 shares of preferred stock for cash at $58 per share 1 1 Prepare a tabular summary to record the transactions. Include margin explanations for the changes in revenues and expenses. if a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities PIC in Exce Valu Cash Common Stock Jan. 10 $ $ $ Mar. 1 May 1 Sept. 1 Nov. 1 Total Prepare a tabular summary to record the transactions. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Paid-in-Capital PIC in Excess of Stated Value Com. PIC in Excess of Par Value Pret Pref. Stock Revenue $ $ Prepare a tabular summary to record the transactions. Include margin explanations for the changes in revenues and expenses. Of a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) tockholders' Equity Retained Earnings Revenue Expense Dividend $ $