Question

Jones Corp. Shareholders' Equity December 31, 2016 Common Stock, $2 par value (40,000 shares authorized 8,000 issues and outstanding) $16,000 Preferred Stock, 6%, $5 par (5,000 authorized and outstanding) $25,000 Retained Earnings $30,000 Total shareholders' equity $71,000 Jan. 10, 2017 Issued 1,000 shares of common stock for $8 per share Feb.5, 2017 Issued 15% stock dividend when the market price was $10 per share Feb. 25, 2017 Paid a cash dividend to common stockholders for $.25 a share March 4, 2017 Purchased 200 shares of common stock for $15 per share April 15, 2017 Sold 25 of the shares of common stock purchased on March 4 for $18 per share June 20, 2017 The company had a 60% stock dividend when the market price was $20 per share Dec. 31, 2017 The company issued and paid the preferred stockholders' their annual dividends REQUIRED: Prepare the general journal entries for all of 2017.

          Jones Corp.
Shareholders' Equity
December 31, 2016
Common Stock, $2 par value (40,000 shares authorized
8,000 issues and outstanding)
$16,000
Preferred Stock, 6%, $5 par (5,000 authorized and outstanding)
$25,000
Retained Earnings
$30,000
Total shareholders' equity $71,000
Jan. 10, 2017 Issued 1,000 shares of common stock for $8 per share
Feb.5, 2017 Issued 15% stock dividend when the market price was $10 per share
Feb. 25, 2017 Paid a cash dividend to common stockholders for $.25 a share
March 4, 2017 Purchased 200 shares of common stock for $15 per share
April 15, 2017 Sold 25 of the shares of common stock purchased on March 4 for $18 per share
June 20, 2017 The company had a 60% stock dividend when the market price was $20 per share
Dec. 31, 2017 The company issued and paid the preferred stockholders' their annual dividends
REQUIRED: Prepare the general journal entries for all of 2017.

Jones Corp.
Shareholders' Equity
December 31, 2016
Common Stock, 2 par value (40,000 shares authorized
8,000 issues and outstanding)16,000
Preferred Stock, 6%, $5 par (5,000 authorized and outstanding)
25,000
Retained Earnings30,000
Total shareholders' equity 71,000
Jan. 10, 2017 Issued 1,000 shares of common stock for8 per share
Feb.5, 2017 Issued 15% stock dividend when the market price was $10 per share
Feb. 25, 2017 Paid a cash dividend to common stockholders for .25 a share
March 4, 2017 Purchased 200 shares of common stock for15 per share
April 15, 2017 Sold 25 of the shares of common stock purchased on March 4 for 18 per share
June 20, 2017 The company had a 60% stock dividend when the market price was $20 per share
Dec. 31, 2017 The company issued and paid the preferred stockholders' their annual dividends
REQUIRED: Prepare the general journal entries for all of 2017.

Added by Joaquin J.

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