Question: Using the following information, I need help with requirements 1 & 2 please. Journals for each date. Xpes i Requirements ansa 1. Record the transactions

 Using the following information, I need help with requirements 1 &2 please. Journals for each date. Xpes i Requirements ansa 1. Recordthe transactions in Halborn's general journal. 2. Prepare the Halborn's stockholders' equity

Using the following information, I need help with requirements 1 & 2 please. Journals for each date. section of the balance sheet as of December 31, 2018. Assume that
Halborn was authorized to issue 1,000 shares of preferred stock and 500,000
shares of common stock. Both preferred stock and common stock were issued

Xpes i Requirements ansa 1. Record the transactions in Halborn's general journal. 2. Prepare the Halborn's stockholders' equity section of the balance sheet as of December 31, 2018. Assume that Halborn was authorized to issue 1,000 shares of preferred stock and 500,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2018, is $1,090,000. plan Print Done Xestion More Info ed sactic Jan. 16 Acco Feb. 15 Jun. 10 Declared a cash dividend on the 5%, $105 par noncumulative preferred stock (900 shares outstanding). Declared a $0.20 per share dividend on the 80,000 shares of $8 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Paid the cash dividends. Split common stock 2-for-1. Declared a 40% stock dividend on the common stock. The market value of the common stock was $11 per share. Distributed the stock dividend. Purchased 8,000 shares of treasury stock at $9 per share. Sold 4,000 shares of treasury stock for $10 per share. Sold 1,400 shares of treasury stock for $5 per share. Jul. 30 Aug. 15 Oct. 26 Nov. 8 widend Nov. 30 Acco ings Print Done anufac he icc No entry required Cash equire Cash Dividends It cor Common Stock-$4 Par Value Common Stock Dividend Distributable Dividends PayableCommon Dividends PayablePreferred Paid-In Capital from Treasury Stock Transactions Paid-In Capital in Excess of Par-Common Paid-In Capital in Excess of Par-Preferred Preferred Stock-$105 Par Value Retained Earnings eclared Stock Dividends . Treasury Stock-Common of th

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!