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Included in the December 31, 2012, Jacobi Company balance sheet was the following shareholders' equity section:
The company engaged in the following stock transactions during 2013:
May 14 JE (Need Answer)
Debit Retained earning xxxxxCredit Common Stock to be distributed xxxxxxCredit Additional Paid in capital from stock dividend xxxxxx
June 4 JE (Need Answer)
Debit Retained earning xxxxxCredit Dividends Payable Preferred xxxxx
June 29 JE (Need Answer)
Debit Common Stock to be distributed xxxxxxCredit Common Stock, $5 par
July 5 JE (Need Answer)
Debit Dividends Payable Preferred xxxxxCredit Cash xxxxx
Prepare an income statement, statement of changes in stockholders equity, balance sheet, and statement of cash flows for 2013.
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