Assignment Problem: The stockholders' equity accounts of Bramble Corp. on January 1, 2022, were as follows.
Preferred Stock (7%, $100 par noncumulative, 4,500 shares authorized) $270,000
Common Stock ($4 stated value, 270,000 shares authorized) 900,000
Paid-in Capital in Excess of Par Value-Preferred Stock 13,500
Paid-in Capital in Excess of Stated Value-Common Stock 432,000
Retained Earnings 619,200
Treasury Stock (4,500 common shares) 36,000
During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity.
Feb. 1 Issued 4,500 shares of common stock for $27,000.
Mar. 20 Purchased 900 additional shares of common treasury stock at $7 per share.
Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1.
Nov. 1 Paid the dividend declared on October 1.
Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2022.
Dec. 31 Determined that net income for the year was $252,000. Paid the dividend declared on December 1.
Required: Need help journalize transactions.
Our professional Journalize Transactions Assignment Help tutors always do an in-depth research before composing any assignment paper, so that, you will always get the most authentic, error free and plagiarized free academic content every time. Our fee for the assignment work is also very low as compare to the other online service organizations.
Tags: Journalize Transactions Assignment Help, Journalize Transactions Homework Help, Journalize Transactions Coursework, Journalize Transactions Solved Assignments, Stockholders Equity Assignment Help, Stockholders Equity Homework Help