PG Campus X Grades - AC116 A X Unit 7 Lab Assign X WP NWP Assessment X WP NWP Assessment X C | Chegg.com x # GroupMe Dashboard X + C education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=769bb81a-ab83-4f6a-941c-c162effa2b24#/question/11 PG Campus C https://www.cheg... . G Sir W. Arthur Lewi. FREE Digital Down... My Best Buy@ Cre... T. T-Mobile MM255 Unit 8 Se. C Writing Center Tut... TikTok de noeherd... > > AC116 Unit 7 Lab Assignment Question 12 of 13 > - 15 ... View Policies Current Attempt in Progress The stockholders' equity accounts of Blue Spruce Corporation on January 1, 2022, were as follows. Preferred Stock (8%, $48 par, 10,500 shares authorized) $ 408,000 Common Stock ($1 stated value, 1,950,000 shares authorized) 1,100,000 Paid-in Capital in Excess of Par-Preferred Stock 125,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,400,000 Retained Earnings 1,850,000 Treasury Stock (11,000 common shares) 44,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 25,500 shares of common stock for $120,000. Apr. 14 Sold 6,000 shares of treasury stock-common for $32,600. Sept. 3 Issued 4,800 shares of common stock for a patent valued at $35,700. Nov. 10 Purchased 1,100 shares of common stock for the treasury at a cost of $5,900. Dec. 31 Determined that net income for the year was $450,000.PG Campus X Grades - AC116 A X Unit 7 Lab Assign X WP NWP Assessment X WP NWP Assessment X C | Chegg.com x # GroupMe Dashboard X + C education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=769bb81a-ab83-4f6a-941c-c162effa2b24#/question/11 PG Campus C https://www.cheg... . G Sir W. Arthur Lewi. FREE Digital Down... My Best Buy@ Cre... T. T-Mobile MM255 Unit 8 Se. C Writing Center Tut... TikTok de noeherd... > > AC116 Unit 7 Lab Assignment Question 12 of 13 - 15 ... (a) Journalize the transactions and the closing entry for net income. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit YPG Campus X Grades - AC116 A X Unit 7 Lab Assign X WP NWP Assessment X WP NWP Assessment X C | Chegg.com x # GroupMe Dashboard X + C education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=769bb81a-ab83-4f6a-941c-c162effa2b24#/question/11 PG Campus C https://www.cheg... . G Sir W. Arthur Lewi. FREE Digital Down... My Best Buy@ Cre... T. T-Mobile MM255 Unit 8 Se. C Writing Center Tut... TikTok de noeherd... > > AC116 Unit 7 Lab Assignment Question 12 of 13 > - 15 ... e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer (b) Enter the beginning balances in the accounts, and post the journal entries to the stockholders' equity accounts. (Use J5 for the posting reference.) (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Date Explanation Ref. Debit Credit BalancePG Campus X Grades - AC116 A X Unit 7 Lab Assign X WP NWP Assessment X WP NWP Assessment X C | Chegg.com x # GroupMe Dashboard X + C education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=769bb81a-ab83-4f6a-941c-c162effa2b24#/question/11 PG Campus C https://www.cheg... . G Sir W. Arthur Lewi. FREE Digital Down... My Best Buy@ Cre... T. T-Mobile MM255 Unit 8 Se... C Writing Center Tut... TikTok de noeherd... > > AC116 Unit 7 Lab Assignment Question 12 of 13 - 15 E ... (b) Enter the beginning balances in the accounts, and post the journal entries to the stockholders' equity accounts. (Use J5 for the posting reference.) (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Date Explanation Ref. Debit Credit Balance Balance V Common Stock Date Explanation Ref. Debit Credit Balance Balance V J5 35 Paid-in Capital in Excess of Par-Preferred Stock Date Explanation Ref. Debit Credit Balance Balance VChrome File Edit View History Bookmarks Profiles Tab Window Help 6 2 1 7 9 8 0 Tue Aug 16 10:39 AM PG Campus X Grades - AC X Unit 7 Lab A X WP NWP Asses X WP NWP Asses X C | Chegg.con x # GroupMe x Dashboard x C education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=769bb81a-ab83-4f6a-941c-c162effa2b24#/question/11 Music PG Campus C https://www.cheg... G Sir W. Arthur Lewi... FREE Digital Down... My Best Buy@ Cre... . T-Mobile MM255 Unit 8 Se... Writing Center Tut... > > unting 2 - AC116 Unit 7 Lab Assignment PICS form strolen Question 12 of 13 Iphone counting ab Paid-in Capital in Excess of Stated Value-Common Stock Date Explanation Ref. Debit Credit Balance ccounting Pics and Balance V Lab screenshots s - Dilla Dj Paper work J5 its Paid-in Capital from Treasury Stock Date Explanation Ref. Debit Credit Balance SKYZONE J5 Retained Earnings Class Notes Date Explanation Ref. Debit Credit Balance Balance V J5 Shot Relocated Items 08 AM AUGChrome File Edit View History Bookmarks Profiles Tab Window Help 6 2 1 7 9 8 0 Tue Aug 16 10:39 AM PG Campus X Grades - AC X Unit 7 Lab A X WP NWP Asses X WP NWP Asses X C | Chegg.con x # GroupMe x Dashboard x C education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=769bb81a-ab83-4f6a-941c-c162effa2b24#/question/11 Music PG Campus C https://www.cheg... G Sir W. Arthur Lewi. FREE Digital Down... My Best Buy@ Cre... T. T-Mobile MM255 Unit 8 Se... Writing Center Tut... > > unting 2 > unting 2 - AC116 Unit 7 Lab Assignment PICS form strolen Question 12 of 13 -15 5 Iphone counting ab Prepare a stockholders' equity section at December 31, 2022. (Enter the account name only and do not provide the descriptive information provided in the question.) BLUE SPRUCE CORPORATION ccounting Pics and Lab screenshots Balance Sheet (Partial) s - Dilla Dj Paper work its SKYZONE Class Notes Shot Relocated Items 08 AMChrome File Edit View History Bookmarks Profiles Tab Window Help 6 2 1 7 9 8 0 Tue Aug 16 10:39 AM PG Campus X Grades - AC X Unit 7 Lab A X WP NWP Asses X WP NWP Asses X C | Chegg.con x # GroupMe x Dashboard x C education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=769bb81a-ab83-4f6a-941c-c162effa2b24#/question/11 Music PG Campus C https://www.cheg... G Sir W. Arthur Lewi... FREE Digital Down... My Best Buy@ Cre... - T-Mobile MM255 Unit 8 Se... Writing Center Tut... > > unting 2 AC116 Unit 7 Lab Assignment PICS form strolen Question 12 of 13 -15 5 Iphone counting ab LA ccounting Pics and Lab screenshots s - Dilla Dj Paper work its SKYZONE Class Notes $ Shot Relocated Items 08 AM