Question: plase answer the two tables is only one question ! i just need the numbers as answer thank you ! I'll like you answer Stockholders'


Stockholders' Equity: Transactions and Balance Sheet Presentation Tunic Corporation was organized on April 1, with an authorization of 25,000 shares of six percent, 550 par value preferred stock and 200,000 shares of $5 par value common stock During April, the following transactions affecting stockholders' equity occurred: April 1 Issued 80,000 shares of common stock at $20 cash per share issued 2.000 shares of common stock to attomes and promoters in exchange for the Services in organicing the corporation. The services sued 300 shares of common stock in exchange for equipment with a fair m e al of $55.000 20 Issued 6,000 shares of preferred stock for cash at 500 per share. Debit Credit a. Prepare journal entries to record the above transactions. General Journal Date Description Apr 01 Cash Common Stock Paid-in-Capital in Excess of Par Value - Common Stock Issued shares of common stock. Apr 03 Organization Costs Common Stock Paid-in-Capital in Excess of Par Value - Common Stock Issued common stock for organization costs. Apr 08 Equipment Common Stock Paid-in-Capital in Excess of Par Value - Common Stock Issued common stock for equipment Apr 20 Cash Preferred Stock Pald-in-Capital in Excess of Par Value - Preferred Stock Issued shares of preferred stock OOOOO OOO O O b. Prepare the stockholders' equity section of the balance sheet at April 30. Assume that the net income for April is $51,000. Stockholders' Equity Paid in Capital Preferred Stock Common Stock Additional Paid-in-Capital Paid-in-Capital in Excess of Par value - Preferred Stock Paid-in-Capital in Excess of Par value - Common Stock Total Paid-in-Capital Retained Earnings Total Stockholders' Equity Please answer all parts of the question OO OOOOO
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a Journal Entries 1 April 1 Issued 80000 shares of common stock at 20 per share Cash 80000 shares 20 ... View full answer
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