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P11-4A. Stockholders' Equity: Transactions and Balance Sheet Presentation The stockholders eapiny Drepare the share transactions were 5, 6, 8 of Feak Corporation at January 1 follows: PI1-6A. Retained Earnings: T as of Jane Corporation Percent preferred stock, $100 par value, 20,000 shares authorized; 5,000 shares issued and outstanding.. Common stock, $15 par value, 100,000 shares authorized; 40,000 shares issued and outstanding... Paid-in capital in excess of par value-Preferred stock. Paid-in capital in excess of par value-Common stock. Retained earnings.. Total Stockholders' Equity.. Common stock, $1 p Paid-in capital in ex Retained eanings s 500.000 24588 380.000 During the year, t 325000 7 Decla 28 Issue 5 Dec 26 Pai June $1,809,000 Dec. The following transactions, among others, occurred during the year: 12 Announced a 4-for-1 common stock split, reducing the par value of the common stock Required Prepare Prepare Jan to $3.75 per share. The authorization was increased to 400,000 shares. 31 Converted $40,000 face value of convertible bonds payable (the book value of the bonds was $43,000) to common stock. Each $1,000 bond converted to 125 shares of a. b. Mar. PI1-7A. Retained at January common stock. June 1 Acquired equipment with a fair market value of $90,000 in exchange for 500 shares of preferred stock. 1 Acquired 10,000 shares of common stock for cash at $10 per share. 12 Sold 1,500 treasury shares at $12 per share. 21 Issued 5,000 shares of common stock at $11 cash per share. 28 Sold 1,200 treasury shares at $9 per share. 31 Closed net income of $105,000 to the Retained Earnings account. 6 Perce 25,00 Comm Sept. Oct. issu Nov. Paid- Dec. Retal TC Required Set up T-accounts for the stockholders' equity accounts as of the beginning of the year and enter the January 1 balances. b. Prepare journal entries for the given transactions and post them to the T-accounts (set up any additional T-accounts needed). Do not prepare the journal entry for the Dec. 31 transaction, but post the appropriate amount to the Retained Earnings T-account. Determine the ending balances for the stockholders' equity accounts. c. Prepare the stockholders' equity section of the balance sheet at December 31. . The Jur Ju 5A. Stockholdery' Hqaitye laformation and Entries from Comparativa Dta Comparative stockhold ers'equity sections from two successive years of balance sheets from Farrow, Inc., are as follows: P11-4A. Stockholders' Equity: Transactions and Balance Sheet Presentation The stockholders eapiny Drepare the share transactions were 5, 6, 8 of Feak Corporation at January 1 follows: PI1-6A. Retained Earnings: T as of Jane Corporation Percent preferred stock, $100 par value, 20,000 shares authorized; 5,000 shares issued and outstanding.. Common stock, $15 par value, 100,000 shares authorized; 40,000 shares issued and outstanding... Paid-in capital in excess of par value-Preferred stock. Paid-in capital in excess of par value-Common stock. Retained earnings.. Total Stockholders' Equity.. Common stock, $1 p Paid-in capital in ex Retained eanings s 500.000 24588 380.000 During the year, t 325000 7 Decla 28 Issue 5 Dec 26 Pai June $1,809,000 Dec. The following transactions, among others, occurred during the year: 12 Announced a 4-for-1 common stock split, reducing the par value of the common stock Required Prepare Prepare Jan to $3.75 per share. The authorization was increased to 400,000 shares. 31 Converted $40,000 face value of convertible bonds payable (the book value of the bonds was $43,000) to common stock. Each $1,000 bond converted to 125 shares of a. b. Mar. PI1-7A. Retained at January common stock. June 1 Acquired equipment with a fair market value of $90,000 in exchange for 500 shares of preferred stock. 1 Acquired 10,000 shares of common stock for cash at $10 per share. 12 Sold 1,500 treasury shares at $12 per share. 21 Issued 5,000 shares of common stock at $11 cash per share. 28 Sold 1,200 treasury shares at $9 per share. 31 Closed net income of $105,000 to the Retained Earnings account. 6 Perce 25,00 Comm Sept. Oct. issu Nov. Paid- Dec. Retal TC Required Set up T-accounts for the stockholders' equity accounts as of the beginning of the year and enter the January 1 balances. b. Prepare journal entries for the given transactions and post them to the T-accounts (set up any additional T-accounts needed). Do not prepare the journal entry for the Dec. 31 transaction, but post the appropriate amount to the Retained Earnings T-account. Determine the ending balances for the stockholders' equity accounts. c. Prepare the stockholders' equity section of the balance sheet at December 31. . The Jur Ju 5A. Stockholdery' Hqaitye laformation and Entries from Comparativa Dta Comparative stockhold ers'equity sections from two successive years of balance sheets from Farrow, Inc., are as follows

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