On December Wildhorse Co had shares of $ par common stock issued and outstanding. At December
stockholders' equity had the amounts listed here.
Transactions during and other information related to stockholders' equity accounts were as follows.
On January issued at $ per share shares of $ par value, cumulative preferred stock.
On February reacquired shares of its common stock for $ per share.
On May declared the yearly cash dividend on preferred stock, payable June to stockholders of record on May
On June declared a cash dividend of $ per share on the common stock outstanding, payable on July to stockholders
of record on July
Net income for was $
a
Your answer is partially correct.
Record the journal entries that are required for items above. Record entries in the order displayed in the problem statement.
Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry"
for the account titles and enter for the amounts.
