The stockholders’ equity accounts of novak corp. on january 1, 2017, were as follows. preferred stock (6%, $100 par noncumulative, 5,000 shares authorized) $300,000 common stock ($4 stated value, 340,000 shares authorized) 1,133,333 paid-in capital in excess of par value—preferred stock 15,000 paid-in capital in excess of stated value—common stock 544,000 retained earnings 692,000 treasury stock (5,000 common shares) 40,000 during 2017, the corporation had the following transactions and events pertaining to its stockholders' equity feb. 1 issued 4,570 shares of common stock for $27,420. mar. 20 purchased 1,650 additional shares of common treasury stock at $ 9 per share. oct. 1 declared a 6% cash dividend on preferred stock, payable november 1. nov. 1 paid the dividend declared on october 1. share cash dividend to common stockholders of record on december 15, payable december 31, 2017 dec. 31 determined that net income for the year was $ 280,500. paid the dividend declared on december 1. journalize the transactions.

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Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)

An object that is clicked on and takes the presentation to a new targeted file is done through a