Fitness Equipment Doctor Inc began operations during 2018. The company has been authorized to sell...
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Fitness Equipment Doctor Inc began operations during 2018. The company has been authorized to sell 100,000 shares of $5 par value common stock and 40.000 sha $10 par 15% preferred stock During the year. Fitness Equipment Doctor had the following transactions related to stockholders' equity Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in the journal Explanations are not required (Record debits first, then credits. Exclude explanations from any journal entries.) war 1 Issued 7 000 shares of common stock to Adam Mazella in exchange for $22.000 cash and a truck with a market value of $13.000 Journal Entry Accounts 0 Requirements Mar Date 1. 2 Record the transactions in the joumal Explanations are not required Prepare the stockholders' equity section of the balance sheet at December 31 2018, assuming Fitness Equipment Doctor Inc earned $143.650 of net income during the year in addition to the dividends paid on December 15. 55 800 of dividends were paid earlier in the year (For purposes of this problem assume the earlier dividends were paid entirely to common shareholders ose roman stof enter any number in the posters and the Done pars Check
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