7% 5100 Pa Preferred PC in excess of Par. PS Common Stock. 510 par Accum...

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Accounting

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7% 5100 Pa Preferred PC in excess of Par. PS Common Stock. 510 par Accum Depr. PPE PIC in excess of Parc Retained Earnings Treasury QE Stock I Cash + PPE - abilities . + + - 2/1 7/29 8/10 12/31 12/31 Totals On January 5, 2020, Coronado Corporation received a charter granting the right to Issue 5,100 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 48,600 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Issued 19,900 shares of common stock at $16 per share. Feb. 1 Issued to Sanchez Corp. 4,100 shares of preferred stock for the following assets: equipment with a fair value of $52,500; a factory building with a fair value of $166,000; and land with an appraised value of $252,000. Jul 29 Purchased 1,800 shares of common stock at $18 per share. (Use cost method.) Aug. 10 Sold the 1,800 treasury shares at $15 per share. Dec 31 Declared a $0.45 per share cash dividend on the common stock and declared the preferred dividend. Dec. 31 Coronado reported revenue of $220,000 and of operating expenses of $20,000. In addition, $20,000 of depreciation was reported (record in RE column) 1. Record the effect of the above transactions on the accounting equation in the template 2. What is total paid-in capital as of December 31? 3. What is total earned capital as of December 31? 4. What is total SHE as of December 31? 5. Prepare the December 31st SHE section of the Balance Sheet

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