Aare 8:19 out of 10.00 pots PIL-3 Recording Transactions Affecting Stockholders’ Equity LO3, 7 ng Corporation began operat in ana 2011, The hate autorie fling capa tock ‘Plteed sock To peer 15 pa sunarwea 4 30 shes (Commen sk $8 pa aura 8000 shares During 211 follning wenactons cere nth or gv 2 stu 7 400 saves of eanman stack anh the ve ganze nd cle $12 aah per share fromeacho hem. 6 $2id7 0 aos of ho potred stock a 323 por share Said 2800 Shaesofbe fteted Stet a 323 nd 2700 sates of common stack at S13 pe share Require [Sot ne oumalentes noes fr ach ot the stove wanes, (Omethe"S signin your response} nara Joust esi crest 2 cash 280,800 @ ‘Common stack © [arma @ ontrinuted capita in exces of pat [aa 0 » cash 472,400 @ Preferred stock © [01 © contributed cial in sxcess.f pare [ome © cash 94,900 @ ‘referred stock © ("357 o Common stock © [30 @ entre api econ oa, Came Conteiuted capital in exes of par, [aE‘Award: 7 out of 10.00 points PIL5 Preparing the Stockholders’ Equity Section after Selected Transactions LO1, 3 United Resources Company abizined a chartor from the state in January 2011, which authorized 203,000 shares of common stack, $2 par vaiuo. During the first year, the company ‘eamed $431,000 and tho following solocted transactions cecurred in the order given: ‘2. Sold 84,000 shares of the comman stock in an inital puble offering at $13 per share. > Repurchased 29,000 shares ofthe previously issued shares at 516 cash per share for treasury stock ‘5 Resold 200 oF the shares ofthe treasury siock at §19 cash per share. Required: Prepare the stockholders’ equity section of the balance sheet at December 31, 2011. (Amounts to be ddoductod should bo indicatod with a minus sign. Omi the "$" sign in your response.) Stockholder’ Equity Contrisuted capital ‘common stock © OMS Capital in excess of par @ [sno @ Total contibuied capital 1,092,000 @ Retained earnings © ‘491,000 Loss: Treasury stock © 432,000 © Total Stockholders! Equity $1,151,000 @‘Award: 8:58 out of 10.00 points P1112 Recording Dividends LO4, 6 Procter & Gamile is 2 well-known consumer products company that owns 2 variety of popular brands. A. recent news article contained the folowing information CINCINNATI, March $/PRNewswire-FistCall/—The Procter & Gamble Company (NYSE: PG) today said that eamings per share forthe January through March quarter as wall asthe fiscal year is expected fo ‘exceed curren consensus estimates by $0 18 lo $0.36. The incieased earnings ae being driven by ‘continued stiong organic volume growih, ‘Stock Dividond ‘The company also announced today that ts board of directors approved a 14% stock dividend to ‘shareholders oF record on May 21. Ths move Goes not change the proportonate mterest a ahareholder maintains nthe company. The addtional shares wil be dsinbuted on June 18. Ina separate action the board declared an inerease in the annual ate offs common stock dividend from $181 to §2 01 per share. Roquirad: 11 Prepare any journal entnes that PSG should make as the rest of information inthe preceding report. ‘Assume thatthe company has 2.510 milion shares outstanding, the par value is $3.90 per share. and the market value is SBT per share (Enter your answers in millions. Do not round intermediate ‘calculations and round your final answers to the nearest dollar amount. In cases where.no entry fequired, please select the option "No journal entry required” for your answer to grad correctly. Leave no calls blank be certain to enter "D" wherever required. Omit the "S" sign in ‘your response.) Date: General Journal Debit Great March 9 No journal entry required @ 20 ‘No journal entry required © 20 May 21 No journal entry required © 20 ‘No journal entry required @ 0 June 18 Retained earnings @ 23,544 © ‘Common stock @ TSI @ Capital in oxcoss of par © [eat @