The following information applies to the questions displayed below
Nauticat has two classes of stock authorized: $ par preferred, and $ par value common. As of the beginning of shares of preferred stock and shares of common stock have been issued. The following transactions affect stockholders' equity during :
March Issue additional shares of common stock for $ per share.
April Issue additional shares of preferred stock for $ per share.
June Declare a cash dividend on both cormon and preferred stock of $ per share to all stockholders of record on June
June Pay the cash dividends declared on June
August Purchase shares of common treasury stock for $ per share.
October Reissue shares of treasury stock purchased on August for $ per share.
Nautical has the following beginning balances in its stockholders' equity accounts on January : Preferred Stock,
$; Common Stock, $; Additional Paidin Capital, $; and Retained Earnings, $ Net income for the year ended December is $
Required:
Record each of these transactions. If no entry is requlred for a portlcular transectlonevent select No Journal Entry Requlred" In the first occount field.
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tableNoDate,General Joumal,Debit,CreditlMarch Cash,tableComman Stock,,Additional PaidIn Capital,,April Cash,Preferred Stock,,Additional PaidIn Capital,TJune tableDividendsLDividends Payable,TETJune Dividends Payable,,Cash,August Treasury Stock,Cash,,October Cash,
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