Module $04$ Assignment: Equity

Part $1$ Journalize the equity transactions for Dan's Dependable Delivery.

Use Excel formulas in the cells to document your calculations.

Use professional formatting.

Date Transaction

$2-$Jan Issued an additional $12,000$ shares of $$1$ par common stock for $$12$ per share.

$6-$Jan Declared a cash dividend on $5,000$ shares of $5\%$ $$4$ par preferred stock and a $$\mathrm{.}25$ per

share dividend on $45,000$ shares of common stock outstanding.

$15-$Jan The date of record for January $5$ cash dividend declaration

$20-$Jan Paid the cash dividend declared on January $5$

$15-$Mar Declared a $2-$for$-1$ stock split by calling in the $45,000$ shares of $$1$ par common stock

and issuing new stock in its place.

$10-$Apr Declared and distributed a $10\%$ stock dividend on the common stock when the market

value was $$12$ per share

$14-$Jun Purchased $1,000$ shares of common stock for the treasury for $$15$ per share

$22-$Dec Sold $500$ treasury shares for $$16$ per share.

Part $2$ : Prepare a Statement of Shareholders' Equity for Dan's Dependable Delivery

Dan's Dependable Delivery began the year with $33,000$$$1$ Common shares issued and outstanding. Paid in Capital in Excess of Par was $$25,000$ and Retained Earnings were $$175,000.$ Net Income for the

current year is $$38,000.$ The company had $5000$ outstanding shares of $$4$ par, $5\%$ Preferred Stock. Taking the transactions from part one into consideration, complete the Statement of Shareholders

Equity for the current year end. Use the table below. Journalize and show the work.