Included in the December 31, 2012, Jacobi Company balance sheet was the following shareholders' equity section:
The company engaged in the following stock transactions during 2013:
May 14 JE (Need Answer)
Debit Retained earning xxxxx
Credit Common Stock to be distributed xxxxxx
Credit Additional Paid in capital from stock dividend xxxxxx
June 4 JE (Need Answer)
Debit Retained earning xxxxx
Credit Dividends Payable Preferred xxxxx
June 29 JE (Need Answer)
Debit Common Stock to be distributed xxxxxx
Credit Common Stock, $5 par
July 5 JE (Need Answer)
Debit Dividends Payable Preferred xxxxx
Credit Cash xxxxx