Winnie Corporation has the following capital structure at the beginning of 2 0 2 3 : 5
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Question:
Winnie Corporation has the following capital structure at the beginning of : Preferred stock, $ par value, shares authorized; shares issuedand outstanding $Common stock, $ par value, shares authorized; shares issuedand outstanding Paidin capital in excess of par Total paidin capital Retained earnings Total stockholders' equity $
Required:a Prepare journal entries for the following transactions which occurredconsecutively throughout
i A total cash dividend of $ was declared to stockholders of record.ii Bought shares of treasury stock at $ per share.iii. Resold treasury shares at $ per share.iv Resold shares of treasury stock at $ per share.
B Prepare the stockholders equity section of the balance sheet at December Assume that net income for the year was $
Prepare it in excel format, showing formulas.
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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