The following selected accounts appear on the Balance Sheet of Examination Corporation as of December 31,...

 

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The following selected accounts appear on the Balance Sheet of Examination Corporation as of December 31, 2021. Stockholders' Equity Preferred 5% Stock, $100 par (100,000 shares authorized, 25,000 shares issued) Paid-In-Capital in Excess of Par-Preferred Stocko 000,092 te manes Common Stock, $10 par (500,000 shares authorized, 250,000 shares issued) Paid-In-Capital in Excess of Par-Common Stock Retained Earnings Total Stockholders' Equity $ 2,500,000 najin azid250,000 lw $ iga 10A Label and 2,500,000 000,sa nusto no anen 500,000 0004127 glow veryhW aluardo 220izv 15,250,000 $ 21,000,000 2000.de done no zanaz ganizery lepotahng gAne betalda ivos oda no 150 rbing E Journalize the following equity transactions that occurred during 2021: 01/01/22 Issued 250,000 shares of common stock at $50 each. 01/15/22 Issued 25,000 shares of preferred 5% stock at $200 each. 03/01/22 Purchased 50,000 shares of treasury common for $50 each. 04/01/22 Sold 25,000 shares of treasury common for $75 each 12/31/22 Declared the annual cash dividend on the preferred stock.* 12/31/22 Declared $.10 per share cash dividend on the common stock.* toda szeupo gaizirabot d 092 52 bs 005. islna aspvolque tot dan big *HINT: you must first calculate the number of common and preferred shares outstanding. ga 0 A th 00012 noion to dean hartanal et qf olid stran 100A The following selected accounts appear on the Balance Sheet of Examination Corporation as of December 31, 2021. Stockholders' Equity Preferred 5% Stock, $100 par (100,000 shares authorized, 25,000 shares issued) Paid-In-Capital in Excess of Par-Preferred Stocko 000,092 te manes Common Stock, $10 par (500,000 shares authorized, 250,000 shares issued) Paid-In-Capital in Excess of Par-Common Stock Retained Earnings Total Stockholders' Equity $ 2,500,000 najin azid250,000 lw $ iga 10A Label and 2,500,000 000,sa nusto no anen 500,000 0004127 glow veryhW aluardo 220izv 15,250,000 $ 21,000,000 2000.de done no zanaz ganizery lepotahng gAne betalda ivos oda no 150 rbing E Journalize the following equity transactions that occurred during 2021: 01/01/22 Issued 250,000 shares of common stock at $50 each. 01/15/22 Issued 25,000 shares of preferred 5% stock at $200 each. 03/01/22 Purchased 50,000 shares of treasury common for $50 each. 04/01/22 Sold 25,000 shares of treasury common for $75 each 12/31/22 Declared the annual cash dividend on the preferred stock.* 12/31/22 Declared $.10 per share cash dividend on the common stock.* toda szeupo gaizirabot d 092 52 bs 005. islna aspvolque tot dan big *HINT: you must first calculate the number of common and preferred shares outstanding. ga 0 A th 00012 noion to dean hartanal et qf olid stran 100A

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Journalizing Equity Transactions for Examination Corporation in 2022 Calculating Shares Outstanding ... View the full answer