Assignment Results X postSubmissionView ×1 No results I options v Options financ

Question

Assignment Results X postSubmissionView ×1 No results I options v Options financial statement January 02, Cash 6,600,000 2018 100,000 Common stock Adtiona aitsin capal 6,500,000 February 14, Cash 616,000 -2018 560,000 56,000 Preferred stock Additional paid-in capital 560,0000 3 May 08, 2018 Treasury stock 560,000 Cash 305,0000 4 May 31, 2018 Cash Treasury stock Additional paid-in capital 280,000 25,000 er 01, 1 Dividends 70.750 Dividends payable 70,750 December 15. 2018 No journal entry requined ecanbo 3 Didends payable 70,750 2018 Cash 70,750 pe here to search

Explanation / Answer

stockholder's equity :

Contributed capital common stock 100000 Additional paid in capital-common stock 6500000 Preferred stock 560000 Additional paid in capital-preferred stock 56000 Additional paid in capital-treasury stock 25000 Total contributed capital 7241000 Retained earnings 415250 Total 7656250 Less: Treasury stock (280000) Total shareholder's equity 7376250

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