I ONLY need the amounts for the last part ASAP, please and thank you. Requiremen
ID: 2555760 • Letter: I
Question
I ONLY need the amounts for the last part ASAP, please and thank you.
Requirement 1. Joumaliz tho transactionaRcond dabits first, than crodits. Explianstions ane not raquinod.) Mar 2 22,000 pratamed shanes wane isqued at $27.00 par shan Journal Entry Requiramants Joumaizo the 2. Propare the sharholdas quity saction of tho Smart Tach Inc statomant o nancial position as of Docambor 31, 2015 pr 1. 30,000 common sharns ware sd ichane for a building with a tair vaue af $7S0.000 Journal Entry Apr Building Data Tbe Cammon Shans Nov 25. Declaned prafemed dividands to be paid on Dcomber 23 hae Capital: Jourral Entry Profamed Shares, $2, acoumulatod dafaad dividands Oste Dabit 250000 shans authorlznd, 5q.0oo lsaued and outstanding 1,200,000 Common Shanes, unlimitad number of shanes authorzd Dividands Payable -Profamed 250,000 shans isued and outstanding iotained Eamings 23. Paid dvidands daclanad on Novambar Journal Entry Oste Dablt Mone Int Mar 2 22000 pneanad shares ware issued at $27.00 por shane. Apr 1 a0,DDD common sharns wone ud in axchange for a buiding with a fair value ct Doc 27, Dociaad 10%common stock didend, when the man at price was S29, to be dstrand onJanuary 30,2016. Nov 25 Dadared pnefamad dividands to ba paid an Decambar 23. Dac27 Dadared 10%common stock dividand, when the markat pric Journal Entry $29, to be distributed on January 30, 2016. Oste Dac 31 Nat income for the yoar was $5O DOO Dac 27 Rtnd Eamings Stock Dividonds Distr butabia 12,000 Print Done Doc 31. Not incoma for the yoarwas 555O,000 Journal Entry Oste 1Income Summary tained Eamings Requirement 2 Repare the sh rholde mity sect on ofthe Smart Tich le stata mart of financií posun as otDoomber 31, 2015. E te 2010rts intherapar ordr trte shreriders' eaitysocton ofthe statin art of larcial post ahareholders EquityExplanation / Answer
the folllowing is the share holder's equity section:
Share capital: Preferred shares, $2 accumulated deferred dividends , 250,000 shares authorised , 72,000 issued and outstanding (1,200,000+594,000) $1,794,000 Common shares, unlimited number of shares authorised 280,000 shares issued and outstanding (5,500,000+750,000) $6,250,000 stock dividends distributable $812,000 Retained earnings (475,000-144,000 - 812,000+550,000) $69,000 Total shareholder's equity $8,925,000Related Questions
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