The consolidated statement of stockholders equity for Jackson Electronics, Inc., a manufacturer of a board line of

Question:

The consolidated statement of stockholders’ equity for Jackson Electronics, Inc., a manufacturer of a board line of electrical components, is presented on the previous page. It has nine summary transactions.

1. Prepare an entry in journal form with an explanation for each transaction. In each case, if applicable, determine the average price per common share. At times, you will have to make assumption about an offsetting part of the entry. For example, assume debentures (long-term bonds) are recorded at face value and that employees pay cash for stock purchased under company incentive plans.

2. Define comprehensive income and determine the amount for Jackson Electronics.

Debentures
Debenture DefinitionDebentures are corporate loan instruments secured against the promise by the issuer to pay interest and principal. The holder of the debenture is promised to be paid a periodic interest and principal at the term. Companies who... Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...