After looking into debt financing through notes, mortgage, and bonds payable, Nature Gnome Company decides to raise additional capital for a planned business expansion. The company will be able to acquire cash as well as land adjacent to its current business location. Before the following transactions, the balance in Common Stock on January 1, 2027 was $400,000 and included 200,000 shares of common stock issued and outstanding. (There was no Paid-In Capital in Excess of ParCommon.) Nature Gnome Company had the following transactions in 2027:

requirments:

jan1: issued 110,000 shares of $2 pr value common stock for a total of $770,000

jan 10: issued 30,000 shares of 9%, $15 par value preferred stock in exchange for land with a market value of 540,000

dec.15 declared total cash dividends of $45,000

dec20. declared a 9% common stock dividend when the market value of the stock was $9.00 per share

dec 31 paid cash dividends

dec 31 distributed the stock dividend

journalize transactions

CPF13-53 (similar to) Question Hapo der looking into del trading though noted, morte, and bonds payable. Nature Gnome Company decides to be additional capital for a planned Busines serion The company will be able to acquire che land att ta tament si focation. Before the following transactions, the balance in Common Sokon 1.2071 $400.000 and induded 200.000 shares of common lock imod and landing (There was no Paid to Capital in Excess of Par-Commen) Nature Gnome Company had the blowing transaction in 2007 Read the Requirements. Joumains the tracons Record debestratton credit telect the explanation on the fire of the junglerary to Jantud 110.000 personneck for fol 770.000 Date Account and Explanation Credi More info Jant 10.000 kr. 0.0001 integer 40.000 Jan 10 De 20 Des 31 Det Det Done Choose tocaryumbin the mouth and then we CA Cech Aw amning