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Score: 0.91 of 2 pts 1 of 5 (5 complete) E10-16A (similar to) The charter for Zuma, 1 (Click on the icon to view the transactions) Read the requirements inc, authorizes the company to issue 900,000 shares of $9, no-par preferred stock and 1,100,000 shares of common stock with $8 par value. Journal Entry Date Accounts Debit Credit Apr 14 Land 24,000 Common stock 9,600 14,400 Paid-in capital in excess of par-common Requirement 2. Prepare the stockholders' equity section of Zuma's balance sheet at December 31, 2018. Assume the company earmed net income of $34,000 during this period. (Enter the acc section of the balance sheet.) Stockholders" Equity Paid-in capital: Preferred stock, $9, no-par, $ 29,000 900,000 shares authorized shares issued and outstanding Common stock, $8 par shares issued and outstanding 1,100,000 shares authorized Paid-in capital in excess of par-common Total paid-in capital Retained earnings Total stockholders' equity Choose from any list or enter any number in the input fields and then click Check Answer Clear All All parts showing mework: Ch10 H 1 of 5 (5 comple e: 0.91 of 2 pts E10-16A (similar to) charter for Zuma, Inc., authorizes the company to issue 900,000 shares of S9, no-par preferred stock and 1,100,000 shares (Click on the icon to view the transactions) ead the requirements. pr 14: Issued 1,200 shares of common stock in exchange for land with a market value of $24,000 Journal Entry Debit Credit Accounts Date 24,000 14 Land Apr 9,600 Common stock 14,400 Paid-in capital in excess of par-common Requirement 2. Prepare the stockholders' equity section of Zuma's balance sheet at December 31, 2018. Assume the company eame section of the balance sheet.) Stockholders' Equity Paid-in capital: Preferred stock, $9, no-par shares issued and ou 900,000 shares authorized, 29,000 Common stock, $8 par, 1,100,000 shares authorized, Paid-in capital in excess of par-common Total paid-in capital Retained eaminas shares issued and outstanding Choose trom any list or entor any number in the input fields and then click Check Answer Clear All esc 2 3 4 5 6