1: Data Table Assets Current assets Property and equipment, net Total assets.. Liabilities and Equity Amount $ 35,000 66,900 $ 101,900 Liabilities... 37,800 Stockholders' equity: $0.80 cumulative preferred stock, $15 par, 400 shares issued 6,000 Common stock, $2 par, 6,100 shares issued 12,200 Paid-in capital in excess of par-common 17,900 Retained earnings 28,000 $ 101,900 Total liabilities and equity 2: More Info Feb 13 Issued 5,600 shares of common stock for $13 per share. Jun 7 Declared the regular cash dividend on the preferred stock. 24 Paid the cash dividend. Aug 26 Sold 300 shares of the treasury stock for $24 per share. Oct 9 Declared and distributed a 20% stock dividend on the common stock. Nov 20 Market price of the common stock was $18 per share. Reacquired 700 shares of common stock as treasury stock, paying $23 per share. Dec 31 Declared a cash dividend of $0.30 per share on the outstanding common stock; dividends will be paid in January, 2020. Requirement 1. Journalize Walker Jewelry's transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Feb 13: Issued 5,600 shares of common stock for $13 per share. Paper size Letter Date Feb 13 (1) (2) Journal Entry Accounts (3) (4) Jun 7: Declared the regular cash dividend on the preferred stock. Date Jun 7 (5) (6) (7) (8) Jun 24: Paid the cash dividend. Date Jun 24 (9) (10) (11) Journal Entry Accounts Debit Credit Debit Credit Journal Entry Accounts Debit Credit (12) Aug 9: Declared and distributed a 20% stock dividend on the common stock. Market price of the common stock was $18 per share. Date Aug 9 (13) (14) (15) (16) Journal Entry Accounts Debit Credit Print Date Oct 26 Accounts Debit Credit (17) (18) (19) (20) Nov 20: Sold 300 shares of the treasury stock for $24 per share. Date Nov 20 |(21) (22) |(23) (24) Journal Entry Accounts Debit Credit Dec 31: Declared a cash dividend of $0.30 per share on the outstanding common stock; dividends will be paid in January, 2020. (Round your answer to the nearest whole dollar.) Date Dec 31 (25) (26) |(27) (28) Journal Entry Accounts Debit Credit Paper size Letter Print Requirement 2. Report the company's stockholders' equity at December 31, 2019. Net income for 2019 was $27,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Walker Jewelry Company Balance Sheet (partial) Stockholders' Equity: $ (29) (31) shares (33) (34) (35) Total paid-in capital (36) December 31, 2019 par shares (30) par shares (32) (37) shares (38) Total stockholders' equity