Intermediate Accounting $105$

May I please have the solution and calculation for the exercise?

Thank you so much

Whispering Company reported the following amounts In the stockholders' equity sectlon of Its December $31,2024,$ balance sheet:

During $2025,$ Whispering took part in the following transactlons concerning stockholders' equlty:

Pald the annual $2024$ dividend on preferred stock and a $$0\mathrm{.}50$ per share dlvidend on common stock. These dlvidends had

been declared on December $31,2024.$

Furchased $1,100$ shares of Its own outstanding common stock for $$8$ per share Whispering uses the cost method.

Relssued $1,100$ treasury shares for land with an appralsed value of $$10,300.$ Whlspering's common shares were trading for

$$8\mathrm{.}50$ per share.

Issued $50,000$ shares of common stock at $$9$ per share

Declared and recorded a $2$:$1$ stock split on the outstanding common stock when the stock ls selling for $$10$ per share.

Declared the annual $2025$ dividend on preferred stock and the $$0\mathrm{.}50$ per share dividend on common stock. These dividends

are payable in $2026.$

$($a$)$

Prepare journal entrles to record the transactlons descrlbed above. A$.$ssume transactlons occured in the order presented. $($Credit

account titles are automatically indented when the amount is entered. If no entry is required, select $"$No Entry" for the account titles and

enter $0$ for the amounts. List all debit entries before credit entries.$)$

No$.$ Account Titles and Explanation

Debit

Credit