Your answer is partially correct. Blossom Company had these transactions during the current period. June 12...
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Your answer is partially correct. Blossom Company had these transactions during the current period. June 12 Issued 82,000 shares of $1 par value common stock for cash of $307.500. July 11 Nov. 28 Issued 3,700 shares of $100 par value preferred stock for cash at $104 per share. Purchased 2,450 shares of treasury stock for $8,800. Prepare a tabular summary to record the Blossom Company transactions. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) June 22 Assets Cashi 307500 S Liabilities Common Stock + PIC in Exces 82000 June 22 $ July 11 Nov. 28 Assets Liabilities eTextbook and Media List of Accounts Cash 307500 388500 12250 Common Stock PIC in Exces 82000 Paid-in-Capital Stockholder IC in Excess of Par Com. Pref. Stock + PIC in Excess of Par Pref. Treasury Stock 225500 $ $ 370000 Revenue Expense Retained Earnings Dividend a tabular summary to record the Blossom Company transactions. Include margin explanations for the changes in revenues and s. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the entered for the particular Asset, Liability or Equity item that was reduced.) Retained Earnings Expense Dividend book and Media Dividends Interest expense Paid-in capital in excess of preferred stock Common stock Preferred stock Paid-in-capital in excess of common stock Your answer is partially correct. Blossom Company had these transactions during the current period. June 12 Issued 82,000 shares of $1 par value common stock for cash of $307.500. July 11 Nov. 28 Issued 3,700 shares of $100 par value preferred stock for cash at $104 per share. Purchased 2,450 shares of treasury stock for $8,800. Prepare a tabular summary to record the Blossom Company transactions. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) June 22 Assets Cashi 307500 S Liabilities Common Stock + PIC in Exces 82000 June 22 $ July 11 Nov. 28 Assets Liabilities eTextbook and Media List of Accounts Cash 307500 388500 12250 Common Stock PIC in Exces 82000 Paid-in-Capital Stockholder IC in Excess of Par Com. Pref. Stock + PIC in Excess of Par Pref. Treasury Stock 225500 $ $ 370000 Revenue Expense Retained Earnings Dividend a tabular summary to record the Blossom Company transactions. Include margin explanations for the changes in revenues and s. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the entered for the particular Asset, Liability or Equity item that was reduced.) Retained Earnings Expense Dividend book and Media Dividends Interest expense Paid-in capital in excess of preferred stock Common stock Preferred stock Paid-in-capital in excess of common stock
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