Complete the following problem Jan.  Issued 1,000 shares of Common Stock, $2 par for $12 per share.          Record the journal entry.    Date   Description Post. Ref.     Debit   Credit                                                                                                     March Issued 3,000 share of Common Stock, $2 par for $15 per share.               Record the journal entry.     Date   Description Post. Ref.   Debit   Credit                                                                                     April Issued 5,000 share of Common Stock, $2 par for $17 per share.               Record the journal entry.     Date   Description Post. Ref.   Debit   Credit                                                                                       How many shares are issued after the three transactions? How much is in the common stock account after the three transactions? How much is in PIC? How many shares are outstanding after the three transactions? June. Declared a $.25 per share dividend to be paid on July 15th. What is the total dividend paid? (use the number of shares calculated in number 7) Record the journal entry for June 30 and July 15.   Date   Description Post. Ref.   Debit   Credit

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.