Question: Question 2: (6 marks) A. Using the information from question (1), prepare the stockholders' equity section of the balance sheet, assuming Abu Dhabi cooperation had

cooperation had retained earnings of S150,600 at December 31 and an accumulated

Question 2: (6 marks) A. Using the information from question (1), prepare the stockholders' equity section of the balance sheet, assuming Abu Dhabi cooperation had retained earnings of S150,600 at December 31 and an accumulated other comprehensive loss of S105,000. (Total equity sections 4 marks) Solution Exercise 2A Question 2: (6 marks) A. Using the information from question (1), prepare the stockholders' equity section of the balance sheet, assuming Abu Dhabi cooperation had retained earnings of S150,600 at December 31 and an accumulated other comprehensive loss of S105,000. (Total equity sections 4 marks) Solution Exercise 2A G ent 1 FECTIES (1x 4marks) Abu Dhabi cooperation is authorized to issue 1,000,000 shares of $5 par value.com In its first year, the company has the following stock transactions. 1. Paid the state $1,000 for incorporation fees 2. Jan 10 Issued 400,000 shares of stock at S8 per share. 3. Sept 21 Purchased 10,000 shares of common stock for the treasury at $9 per share 4. Dec 24. Declared a cash dividend of 10 cents per share on common stock outstanding Instructions Prepare the journal entries to record the above stock transactions. Solution Exercise 1

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