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..il cricket 10:06 AM @ 74% Back HW Instructions.doc Chapter 11 Homework P11-6BHartwell Corporation has been authorized to issue 25,000 shares of $100 par value, 8%, Prepare noncumulative preferred stock and 1,000,000 entries for shares of no-par common stock. The corporation Stock assigned a $4 stated value to the common stock. At transactions, December 31, 2020, the ledger contained the and prepare following balances pertaining to stockholders equity. stockholders' Preferred Stock $400,000 equity Paid-in Capital in Excess of Par-Preferred section Stock 52,000 (LO 2, 3, 4) Common Stock 2,400,000 Paid-in Capital in Excess of Stated Value Common Stock 6,600,000 Treasury Stock (40,000 common shares) 680,000 Retained Earnings 3,630,000 The preferred stock was issued for $452,000 cash. All common stock issued was for cash. In November 40,000 shares of common stock were purchased for the treasury at a per share cost of $17. No dividends were declared in 2020. Instructions (aya) Prepare the journal entries for the following. Stackkolance of preferred stock for cash. 6' Issuance of common stock for cash. 6&puity Puchase of common treasury stock for ca$12,402,0 (b) 00 Prepare the stockholders. cquity section of a Dashboard Calendar To Do Notifications Inbox

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