SlideShare a Scribd company logo
1 of 1
Download to read offline
At December 31, 2021, Sullivan Corporation teported the stockholders equity acoounts shown
hote (with dollar amounts in miltigns, except per-share amounts). Sullvan's 2022 trantactions
included (Click the icon to view the data.) (Click the icon to view the transactions,) Requirements
1. Journalize Sullivar's transactions in parts b, c d, and e. Explanatons are not requied. 2. What
was the cverall effect of these transacters (parts a-0) on Sulivan's charkhindtare eniev?
Requirement 1. Journalize Sullivaris transactions in b,c,d, and e. Explanatons are not required.
(Enter amounts in milions as provided to you in ite problem stakemeit Recond dabits first, thei
credits. Exclude explanations from any joumal entries.) b. Istuance of 16 milion shares of commen
stock for 516.00 per share.Data tables as provided t a. Net income, $444 million b. Issuance of 16
million shares of common stock for $16.00 per share c. Purchase of 6 million shares of treasury
stock for $84 million d. Sold 1 million of the treasury shares purchased in part c for $15 million e.
Declaration and payment of cash dividends of $35 million

More Related Content

Similar to Sullivan Corporation stockholders' equity transactions journal entries

Uop acct 551 final exam set 2 new
Uop acct 551 final exam set 2 newUop acct 551 final exam set 2 new
Uop acct 551 final exam set 2 newtrentPhillipss
 
Financial Crisis Accounting - Bank Losses
Financial Crisis Accounting - Bank LossesFinancial Crisis Accounting - Bank Losses
Financial Crisis Accounting - Bank Lossesswifteconomics
 
E10-38. (Reporting reconciliation between fund and government-wide fi.pdf
 E10-38. (Reporting reconciliation between fund and government-wide fi.pdf E10-38. (Reporting reconciliation between fund and government-wide fi.pdf
E10-38. (Reporting reconciliation between fund and government-wide fi.pdfambikasalon
 
Acct 551 final exam set 2
Acct 551 final exam set 2Acct 551 final exam set 2
Acct 551 final exam set 2abbotroidsar12
 
Q4 MD&A & Interim Financial Statements 2010
Q4 MD&A & Interim Financial Statements 2010Q4 MD&A & Interim Financial Statements 2010
Q4 MD&A & Interim Financial Statements 2010Prophecy Plat
 
2011_Q2 MD&A & Interim Financial Statements
2011_Q2 MD&A & Interim Financial Statements 2011_Q2 MD&A & Interim Financial Statements
2011_Q2 MD&A & Interim Financial Statements Prophecy Plat
 
1. (TCO B) Which of the following is not a true statement .docx
1. (TCO B) Which of the following is not a true statement .docx1. (TCO B) Which of the following is not a true statement .docx
1. (TCO B) Which of the following is not a true statement .docxdorishigh
 
ACC 561 Wiley plus week 1 self study
ACC 561 Wiley plus week 1 self studyACC 561 Wiley plus week 1 self study
ACC 561 Wiley plus week 1 self studyRogue Phoenix
 
4.(TCO E) During 20X3, Edwards Co. sold inventory to its paren.docx
4.(TCO E) During 20X3, Edwards Co. sold inventory to its paren.docx4.(TCO E) During 20X3, Edwards Co. sold inventory to its paren.docx
4.(TCO E) During 20X3, Edwards Co. sold inventory to its paren.docxcameroncourtney45
 
Hw gitman10 solutionch02
Hw gitman10 solutionch02Hw gitman10 solutionch02
Hw gitman10 solutionch02Hassan Bilal
 
Problem 1 (10 Points)Jackson Browne Corporation is authorized to.docx
Problem 1 (10 Points)Jackson Browne Corporation is authorized to.docxProblem 1 (10 Points)Jackson Browne Corporation is authorized to.docx
Problem 1 (10 Points)Jackson Browne Corporation is authorized to.docxLacieKlineeb
 
1. (TCO A) Which of the following distinguishes governmental.docx
1. (TCO A) Which of the following distinguishes governmental.docx1. (TCO A) Which of the following distinguishes governmental.docx
1. (TCO A) Which of the following distinguishes governmental.docxdorishigh
 
F7hkg jun 2011_ans
F7hkg jun 2011_ansF7hkg jun 2011_ans
F7hkg jun 2011_ansAnasAlwadi
 
Problem 1On April 1, 20X4, Rojas purchased land by giving $100,000.docx
Problem 1On April 1, 20X4, Rojas purchased land by giving $100,000.docxProblem 1On April 1, 20X4, Rojas purchased land by giving $100,000.docx
Problem 1On April 1, 20X4, Rojas purchased land by giving $100,000.docxChantellPantoja184
 
Problem 1 (ch 8)On January 1, 20X3, Perkins Printing Corporation p.docx
Problem 1 (ch 8)On January 1, 20X3, Perkins Printing Corporation p.docxProblem 1 (ch 8)On January 1, 20X3, Perkins Printing Corporation p.docx
Problem 1 (ch 8)On January 1, 20X3, Perkins Printing Corporation p.docxChantellPantoja184
 
Devry acct 550 final exam
Devry acct 550 final examDevry acct 550 final exam
Devry acct 550 final examshyaminfo17
 
Busi 320 Dev Shell - 2012 Fall BFoundations of Financial Managem.docx
Busi 320 Dev Shell - 2012 Fall BFoundations of Financial Managem.docxBusi 320 Dev Shell - 2012 Fall BFoundations of Financial Managem.docx
Busi 320 Dev Shell - 2012 Fall BFoundations of Financial Managem.docxhumphrieskalyn
 
Devry acct 550 final exam
Devry acct 550 final examDevry acct 550 final exam
Devry acct 550 final examprogrammers799
 

Similar to Sullivan Corporation stockholders' equity transactions journal entries (20)

Uop acct 551 final exam set 2 new
Uop acct 551 final exam set 2 newUop acct 551 final exam set 2 new
Uop acct 551 final exam set 2 new
 
Financial Crisis Accounting - Bank Losses
Financial Crisis Accounting - Bank LossesFinancial Crisis Accounting - Bank Losses
Financial Crisis Accounting - Bank Losses
 
E10-38. (Reporting reconciliation between fund and government-wide fi.pdf
 E10-38. (Reporting reconciliation between fund and government-wide fi.pdf E10-38. (Reporting reconciliation between fund and government-wide fi.pdf
E10-38. (Reporting reconciliation between fund and government-wide fi.pdf
 
Acct 551 final exam set 2
Acct 551 final exam set 2Acct 551 final exam set 2
Acct 551 final exam set 2
 
Q4 MD&A & Interim Financial Statements 2010
Q4 MD&A & Interim Financial Statements 2010Q4 MD&A & Interim Financial Statements 2010
Q4 MD&A & Interim Financial Statements 2010
 
2011_Q2 MD&A & Interim Financial Statements
2011_Q2 MD&A & Interim Financial Statements 2011_Q2 MD&A & Interim Financial Statements
2011_Q2 MD&A & Interim Financial Statements
 
1. (TCO B) Which of the following is not a true statement .docx
1. (TCO B) Which of the following is not a true statement .docx1. (TCO B) Which of the following is not a true statement .docx
1. (TCO B) Which of the following is not a true statement .docx
 
ACC 561 Wiley plus week 1 self study
ACC 561 Wiley plus week 1 self studyACC 561 Wiley plus week 1 self study
ACC 561 Wiley plus week 1 self study
 
4.(TCO E) During 20X3, Edwards Co. sold inventory to its paren.docx
4.(TCO E) During 20X3, Edwards Co. sold inventory to its paren.docx4.(TCO E) During 20X3, Edwards Co. sold inventory to its paren.docx
4.(TCO E) During 20X3, Edwards Co. sold inventory to its paren.docx
 
Hw gitman10 solutionch02
Hw gitman10 solutionch02Hw gitman10 solutionch02
Hw gitman10 solutionch02
 
Chapter 6 new 1
Chapter 6 new 1Chapter 6 new 1
Chapter 6 new 1
 
Problem 1 (10 Points)Jackson Browne Corporation is authorized to.docx
Problem 1 (10 Points)Jackson Browne Corporation is authorized to.docxProblem 1 (10 Points)Jackson Browne Corporation is authorized to.docx
Problem 1 (10 Points)Jackson Browne Corporation is authorized to.docx
 
1. (TCO A) Which of the following distinguishes governmental.docx
1. (TCO A) Which of the following distinguishes governmental.docx1. (TCO A) Which of the following distinguishes governmental.docx
1. (TCO A) Which of the following distinguishes governmental.docx
 
F7hkg jun 2011_ans
F7hkg jun 2011_ansF7hkg jun 2011_ans
F7hkg jun 2011_ans
 
Problem 1On April 1, 20X4, Rojas purchased land by giving $100,000.docx
Problem 1On April 1, 20X4, Rojas purchased land by giving $100,000.docxProblem 1On April 1, 20X4, Rojas purchased land by giving $100,000.docx
Problem 1On April 1, 20X4, Rojas purchased land by giving $100,000.docx
 
Problem 1 (ch 8)On January 1, 20X3, Perkins Printing Corporation p.docx
Problem 1 (ch 8)On January 1, 20X3, Perkins Printing Corporation p.docxProblem 1 (ch 8)On January 1, 20X3, Perkins Printing Corporation p.docx
Problem 1 (ch 8)On January 1, 20X3, Perkins Printing Corporation p.docx
 
Devry acct 550 final exam
Devry acct 550 final examDevry acct 550 final exam
Devry acct 550 final exam
 
Busi 320 Dev Shell - 2012 Fall BFoundations of Financial Managem.docx
Busi 320 Dev Shell - 2012 Fall BFoundations of Financial Managem.docxBusi 320 Dev Shell - 2012 Fall BFoundations of Financial Managem.docx
Busi 320 Dev Shell - 2012 Fall BFoundations of Financial Managem.docx
 
Devry acct 550 final exam
Devry acct 550 final examDevry acct 550 final exam
Devry acct 550 final exam
 
Devry acct 550 final exam
Devry acct 550 final examDevry acct 550 final exam
Devry acct 550 final exam
 

More from hershbudhia1

At Humber Lumber and Building Centers department heads usua.pdf
At Humber Lumber and Building Centers department heads usua.pdfAt Humber Lumber and Building Centers department heads usua.pdf
At Humber Lumber and Building Centers department heads usua.pdfhershbudhia1
 
At January 1 2020 Monty Companys outstanding shares inclu.pdf
At January 1 2020 Monty Companys outstanding shares inclu.pdfAt January 1 2020 Monty Companys outstanding shares inclu.pdf
At January 1 2020 Monty Companys outstanding shares inclu.pdfhershbudhia1
 
At an altitude of 4km and latitude of 227 degrees the Co.pdf
At an altitude of 4km and latitude of 227 degrees the Co.pdfAt an altitude of 4km and latitude of 227 degrees the Co.pdf
At an altitude of 4km and latitude of 227 degrees the Co.pdfhershbudhia1
 
At a certain university 55 of the students are studying Ast.pdf
At a certain university 55 of the students are studying Ast.pdfAt a certain university 55 of the students are studying Ast.pdf
At a certain university 55 of the students are studying Ast.pdfhershbudhia1
 
Asymptotics Recall that the assumption MLR6 states u N0 .pdf
Asymptotics Recall that the assumption MLR6 states u  N0 .pdfAsymptotics Recall that the assumption MLR6 states u  N0 .pdf
Asymptotics Recall that the assumption MLR6 states u N0 .pdfhershbudhia1
 
At a ceetain cologe 16 of al students come from cutside th.pdf
At a ceetain cologe 16 of al students come from cutside th.pdfAt a ceetain cologe 16 of al students come from cutside th.pdf
At a ceetain cologe 16 of al students come from cutside th.pdfhershbudhia1
 
aSupply Chain Management SCM is like the backbone for any.pdf
aSupply Chain Management SCM is like the backbone for any.pdfaSupply Chain Management SCM is like the backbone for any.pdf
aSupply Chain Management SCM is like the backbone for any.pdfhershbudhia1
 
aSuppose that we identify 145 women 50 to 54 years of age .pdf
aSuppose that we identify 145 women 50 to 54 years of age .pdfaSuppose that we identify 145 women 50 to 54 years of age .pdf
aSuppose that we identify 145 women 50 to 54 years of age .pdfhershbudhia1
 
Asthma is a common respiratory pathology How do you think t.pdf
Asthma is a common respiratory pathology How do you think t.pdfAsthma is a common respiratory pathology How do you think t.pdf
Asthma is a common respiratory pathology How do you think t.pdfhershbudhia1
 
Assume you are given a pointer to the root node of a complet.pdf
Assume you are given a pointer to the root node of a complet.pdfAssume you are given a pointer to the root node of a complet.pdf
Assume you are given a pointer to the root node of a complet.pdfhershbudhia1
 
Assume you have two lists named list1 and list2 that are of .pdf
Assume you have two lists named list1 and list2 that are of .pdfAssume you have two lists named list1 and list2 that are of .pdf
Assume you have two lists named list1 and list2 that are of .pdfhershbudhia1
 
Assuming a parent isotope with a halflife 45 billion year.pdf
Assuming a parent isotope with a halflife 45 billion year.pdfAssuming a parent isotope with a halflife 45 billion year.pdf
Assuming a parent isotope with a halflife 45 billion year.pdfhershbudhia1
 
Assume that you have a class that has an integer pointer as .pdf
Assume that you have a class that has an integer pointer as .pdfAssume that you have a class that has an integer pointer as .pdf
Assume that you have a class that has an integer pointer as .pdfhershbudhia1
 
Assume there are no taxes or risk of bankruptcy The assets .pdf
Assume there are no taxes or risk of bankruptcy The assets .pdfAssume there are no taxes or risk of bankruptcy The assets .pdf
Assume there are no taxes or risk of bankruptcy The assets .pdfhershbudhia1
 
The figure below describes the process of crossing over in .pdf
The figure below describes the process of crossing over in .pdfThe figure below describes the process of crossing over in .pdf
The figure below describes the process of crossing over in .pdfhershbudhia1
 
The Finance Committee will oversee the financial activities .pdf
The Finance Committee will oversee the financial activities .pdfThe Finance Committee will oversee the financial activities .pdf
The Finance Committee will oversee the financial activities .pdfhershbudhia1
 
The Financial Accounting Standards Board FASB is a private.pdf
The Financial Accounting Standards Board FASB is a private.pdfThe Financial Accounting Standards Board FASB is a private.pdf
The Financial Accounting Standards Board FASB is a private.pdfhershbudhia1
 
The figure below shows a simple network Using the BellmanF.pdf
The figure below shows a simple network Using the BellmanF.pdfThe figure below shows a simple network Using the BellmanF.pdf
The figure below shows a simple network Using the BellmanF.pdfhershbudhia1
 
The figure here shows the current dwarf planets of our solar.pdf
The figure here shows the current dwarf planets of our solar.pdfThe figure here shows the current dwarf planets of our solar.pdf
The figure here shows the current dwarf planets of our solar.pdfhershbudhia1
 
The figure below shows two membrane proteins A and B inv.pdf
The figure below shows two membrane proteins  A and B  inv.pdfThe figure below shows two membrane proteins  A and B  inv.pdf
The figure below shows two membrane proteins A and B inv.pdfhershbudhia1
 

More from hershbudhia1 (20)

At Humber Lumber and Building Centers department heads usua.pdf
At Humber Lumber and Building Centers department heads usua.pdfAt Humber Lumber and Building Centers department heads usua.pdf
At Humber Lumber and Building Centers department heads usua.pdf
 
At January 1 2020 Monty Companys outstanding shares inclu.pdf
At January 1 2020 Monty Companys outstanding shares inclu.pdfAt January 1 2020 Monty Companys outstanding shares inclu.pdf
At January 1 2020 Monty Companys outstanding shares inclu.pdf
 
At an altitude of 4km and latitude of 227 degrees the Co.pdf
At an altitude of 4km and latitude of 227 degrees the Co.pdfAt an altitude of 4km and latitude of 227 degrees the Co.pdf
At an altitude of 4km and latitude of 227 degrees the Co.pdf
 
At a certain university 55 of the students are studying Ast.pdf
At a certain university 55 of the students are studying Ast.pdfAt a certain university 55 of the students are studying Ast.pdf
At a certain university 55 of the students are studying Ast.pdf
 
Asymptotics Recall that the assumption MLR6 states u N0 .pdf
Asymptotics Recall that the assumption MLR6 states u  N0 .pdfAsymptotics Recall that the assumption MLR6 states u  N0 .pdf
Asymptotics Recall that the assumption MLR6 states u N0 .pdf
 
At a ceetain cologe 16 of al students come from cutside th.pdf
At a ceetain cologe 16 of al students come from cutside th.pdfAt a ceetain cologe 16 of al students come from cutside th.pdf
At a ceetain cologe 16 of al students come from cutside th.pdf
 
aSupply Chain Management SCM is like the backbone for any.pdf
aSupply Chain Management SCM is like the backbone for any.pdfaSupply Chain Management SCM is like the backbone for any.pdf
aSupply Chain Management SCM is like the backbone for any.pdf
 
aSuppose that we identify 145 women 50 to 54 years of age .pdf
aSuppose that we identify 145 women 50 to 54 years of age .pdfaSuppose that we identify 145 women 50 to 54 years of age .pdf
aSuppose that we identify 145 women 50 to 54 years of age .pdf
 
Asthma is a common respiratory pathology How do you think t.pdf
Asthma is a common respiratory pathology How do you think t.pdfAsthma is a common respiratory pathology How do you think t.pdf
Asthma is a common respiratory pathology How do you think t.pdf
 
Assume you are given a pointer to the root node of a complet.pdf
Assume you are given a pointer to the root node of a complet.pdfAssume you are given a pointer to the root node of a complet.pdf
Assume you are given a pointer to the root node of a complet.pdf
 
Assume you have two lists named list1 and list2 that are of .pdf
Assume you have two lists named list1 and list2 that are of .pdfAssume you have two lists named list1 and list2 that are of .pdf
Assume you have two lists named list1 and list2 that are of .pdf
 
Assuming a parent isotope with a halflife 45 billion year.pdf
Assuming a parent isotope with a halflife 45 billion year.pdfAssuming a parent isotope with a halflife 45 billion year.pdf
Assuming a parent isotope with a halflife 45 billion year.pdf
 
Assume that you have a class that has an integer pointer as .pdf
Assume that you have a class that has an integer pointer as .pdfAssume that you have a class that has an integer pointer as .pdf
Assume that you have a class that has an integer pointer as .pdf
 
Assume there are no taxes or risk of bankruptcy The assets .pdf
Assume there are no taxes or risk of bankruptcy The assets .pdfAssume there are no taxes or risk of bankruptcy The assets .pdf
Assume there are no taxes or risk of bankruptcy The assets .pdf
 
The figure below describes the process of crossing over in .pdf
The figure below describes the process of crossing over in .pdfThe figure below describes the process of crossing over in .pdf
The figure below describes the process of crossing over in .pdf
 
The Finance Committee will oversee the financial activities .pdf
The Finance Committee will oversee the financial activities .pdfThe Finance Committee will oversee the financial activities .pdf
The Finance Committee will oversee the financial activities .pdf
 
The Financial Accounting Standards Board FASB is a private.pdf
The Financial Accounting Standards Board FASB is a private.pdfThe Financial Accounting Standards Board FASB is a private.pdf
The Financial Accounting Standards Board FASB is a private.pdf
 
The figure below shows a simple network Using the BellmanF.pdf
The figure below shows a simple network Using the BellmanF.pdfThe figure below shows a simple network Using the BellmanF.pdf
The figure below shows a simple network Using the BellmanF.pdf
 
The figure here shows the current dwarf planets of our solar.pdf
The figure here shows the current dwarf planets of our solar.pdfThe figure here shows the current dwarf planets of our solar.pdf
The figure here shows the current dwarf planets of our solar.pdf
 
The figure below shows two membrane proteins A and B inv.pdf
The figure below shows two membrane proteins  A and B  inv.pdfThe figure below shows two membrane proteins  A and B  inv.pdf
The figure below shows two membrane proteins A and B inv.pdf
 

Recently uploaded

What is Model Inheritance in Odoo 17 ERP
What is Model Inheritance in Odoo 17 ERPWhat is Model Inheritance in Odoo 17 ERP
What is Model Inheritance in Odoo 17 ERPCeline George
 
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptxECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptxiammrhaywood
 
Hierarchy of management that covers different levels of management
Hierarchy of management that covers different levels of managementHierarchy of management that covers different levels of management
Hierarchy of management that covers different levels of managementmkooblal
 
Crayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon ACrayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon AUnboundStockton
 
Painted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of IndiaPainted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of IndiaVirag Sontakke
 
Blooming Together_ Growing a Community Garden Worksheet.docx
Blooming Together_ Growing a Community Garden Worksheet.docxBlooming Together_ Growing a Community Garden Worksheet.docx
Blooming Together_ Growing a Community Garden Worksheet.docxUnboundStockton
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxpboyjonauth
 
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdfFraming an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdfUjwalaBharambe
 
Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...Jisc
 
DATA STRUCTURE AND ALGORITHM for beginners
DATA STRUCTURE AND ALGORITHM for beginnersDATA STRUCTURE AND ALGORITHM for beginners
DATA STRUCTURE AND ALGORITHM for beginnersSabitha Banu
 
MARGINALIZATION (Different learners in Marginalized Group
MARGINALIZATION (Different learners in Marginalized GroupMARGINALIZATION (Different learners in Marginalized Group
MARGINALIZATION (Different learners in Marginalized GroupJonathanParaisoCruz
 
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPTECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPTiammrhaywood
 
MICROBIOLOGY biochemical test detailed.pptx
MICROBIOLOGY biochemical test detailed.pptxMICROBIOLOGY biochemical test detailed.pptx
MICROBIOLOGY biochemical test detailed.pptxabhijeetpadhi001
 
Solving Puzzles Benefits Everyone (English).pptx
Solving Puzzles Benefits Everyone (English).pptxSolving Puzzles Benefits Everyone (English).pptx
Solving Puzzles Benefits Everyone (English).pptxOH TEIK BIN
 
Historical philosophical, theoretical, and legal foundations of special and i...
Historical philosophical, theoretical, and legal foundations of special and i...Historical philosophical, theoretical, and legal foundations of special and i...
Historical philosophical, theoretical, and legal foundations of special and i...jaredbarbolino94
 
Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxEmployee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxNirmalaLoungPoorunde1
 
Final demo Grade 9 for demo Plan dessert.pptx
Final demo Grade 9 for demo Plan dessert.pptxFinal demo Grade 9 for demo Plan dessert.pptx
Final demo Grade 9 for demo Plan dessert.pptxAvyJaneVismanos
 
AmericanHighSchoolsprezentacijaoskolama.
AmericanHighSchoolsprezentacijaoskolama.AmericanHighSchoolsprezentacijaoskolama.
AmericanHighSchoolsprezentacijaoskolama.arsicmarija21
 
Proudly South Africa powerpoint Thorisha.pptx
Proudly South Africa powerpoint Thorisha.pptxProudly South Africa powerpoint Thorisha.pptx
Proudly South Africa powerpoint Thorisha.pptxthorishapillay1
 

Recently uploaded (20)

What is Model Inheritance in Odoo 17 ERP
What is Model Inheritance in Odoo 17 ERPWhat is Model Inheritance in Odoo 17 ERP
What is Model Inheritance in Odoo 17 ERP
 
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptxECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
 
Hierarchy of management that covers different levels of management
Hierarchy of management that covers different levels of managementHierarchy of management that covers different levels of management
Hierarchy of management that covers different levels of management
 
Crayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon ACrayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon A
 
Painted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of IndiaPainted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of India
 
Blooming Together_ Growing a Community Garden Worksheet.docx
Blooming Together_ Growing a Community Garden Worksheet.docxBlooming Together_ Growing a Community Garden Worksheet.docx
Blooming Together_ Growing a Community Garden Worksheet.docx
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptx
 
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdfFraming an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
 
Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...
 
DATA STRUCTURE AND ALGORITHM for beginners
DATA STRUCTURE AND ALGORITHM for beginnersDATA STRUCTURE AND ALGORITHM for beginners
DATA STRUCTURE AND ALGORITHM for beginners
 
MARGINALIZATION (Different learners in Marginalized Group
MARGINALIZATION (Different learners in Marginalized GroupMARGINALIZATION (Different learners in Marginalized Group
MARGINALIZATION (Different learners in Marginalized Group
 
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPTECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
 
MICROBIOLOGY biochemical test detailed.pptx
MICROBIOLOGY biochemical test detailed.pptxMICROBIOLOGY biochemical test detailed.pptx
MICROBIOLOGY biochemical test detailed.pptx
 
Solving Puzzles Benefits Everyone (English).pptx
Solving Puzzles Benefits Everyone (English).pptxSolving Puzzles Benefits Everyone (English).pptx
Solving Puzzles Benefits Everyone (English).pptx
 
Historical philosophical, theoretical, and legal foundations of special and i...
Historical philosophical, theoretical, and legal foundations of special and i...Historical philosophical, theoretical, and legal foundations of special and i...
Historical philosophical, theoretical, and legal foundations of special and i...
 
Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxEmployee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptx
 
Final demo Grade 9 for demo Plan dessert.pptx
Final demo Grade 9 for demo Plan dessert.pptxFinal demo Grade 9 for demo Plan dessert.pptx
Final demo Grade 9 for demo Plan dessert.pptx
 
AmericanHighSchoolsprezentacijaoskolama.
AmericanHighSchoolsprezentacijaoskolama.AmericanHighSchoolsprezentacijaoskolama.
AmericanHighSchoolsprezentacijaoskolama.
 
9953330565 Low Rate Call Girls In Rohini Delhi NCR
9953330565 Low Rate Call Girls In Rohini  Delhi NCR9953330565 Low Rate Call Girls In Rohini  Delhi NCR
9953330565 Low Rate Call Girls In Rohini Delhi NCR
 
Proudly South Africa powerpoint Thorisha.pptx
Proudly South Africa powerpoint Thorisha.pptxProudly South Africa powerpoint Thorisha.pptx
Proudly South Africa powerpoint Thorisha.pptx
 

Sullivan Corporation stockholders' equity transactions journal entries

  • 1. At December 31, 2021, Sullivan Corporation teported the stockholders equity acoounts shown hote (with dollar amounts in miltigns, except per-share amounts). Sullvan's 2022 trantactions included (Click the icon to view the data.) (Click the icon to view the transactions,) Requirements 1. Journalize Sullivar's transactions in parts b, c d, and e. Explanatons are not requied. 2. What was the cverall effect of these transacters (parts a-0) on Sulivan's charkhindtare eniev? Requirement 1. Journalize Sullivaris transactions in b,c,d, and e. Explanatons are not required. (Enter amounts in milions as provided to you in ite problem stakemeit Recond dabits first, thei credits. Exclude explanations from any joumal entries.) b. Istuance of 16 milion shares of commen stock for 516.00 per share.Data tables as provided t a. Net income, $444 million b. Issuance of 16 million shares of common stock for $16.00 per share c. Purchase of 6 million shares of treasury stock for $84 million d. Sold 1 million of the treasury shares purchased in part c for $15 million e. Declaration and payment of cash dividends of $35 million