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  3. the stockholders' equity accounts of swifty corpor

The stockholders' equity accounts of Swifty Corporation on January 1. 2025, were as follows. During...

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The stockholders' equity accounts of Swifty Corporation on January 1. 2025, were as follows. During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. 1 Issued 11,000 shares of common stock for $66,000. 20 Purchased 2,200 additional shares of common treasury stock at $7 per share. 1 Declared a 7% cash dividend on preferred stock, payable November 1. 1 Paid the dividend declared on October 1. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31,2025. 31 Determined that net income for the year was $515,000. Paid the dividend declared on December 1 . Journalize the transactions: iRecord entries in the order displayed in the problem statement. Credf occount titles are automatically inderifed w Preferred Stock Common Stock Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock Prears the stockholders' ecuity section of the balance shett at Deceriber 31. 2017. Peroctratio Cantes per shyo Rreturn on conmon stockholders' towithy x

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