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1) Use the partial equity section of Pier 1 Imports, Inc. balance sheets for the...

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Accounting

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1) Use the partial equity section of Pier 1 Imports, Inc. balance sheets for the years ended December 31, 2018 and 2019 to answer questions 1a through 1d. Shareholder's Equity 2019 2018 Common Stock, $1 par value, 500,000 $100,779 $100,779 authorized, 100,779 issued Paid in Capital in Excess of Par (or APIC) 139,424 155,711 Retained Earnings 344,809 264,678 Cumulative other comprehensive (3,115) (1,536) earnings Less treasury shares at cost (99,933) (78,668) 4,619 in '18 and 6,949 in '19 $481,964 $440,964 a) If Pier 1 Imports issued 1,000 more shares of Common Stock at $5 per share on June 3, 2020, what would the journal entry be to record this transaction: b) Based on question 1a and the financial information in the above table, what would be the ending value on June 30, 2020 for: Common Stock Paid in Capital in Excess of Par c) How many shares of Treasury Stock did Pier 1 purchase during the year ended December 31, 2019 (assuming none were sold), and how much did they pay for these shares? d) What is the number of shares outstanding at the end of 2019? (Ignore your answers for parts a through c-just use financial information provided in table)

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