Record the following stock transactions Preferred shares, $10 non-cumulative, 500 issued $50,000 Common shares, 20,000 issued 200,000 Retained earnings 750,000 Total shareholders’ equity $1,000,000   Jan 31 Issued 4,000 common shares for $13 each. May 14 Issued 150 preferred shares in exchange for equipment with a fair value of $90,000. July 1 Declared the regular cash dividend on preferred shares. July 15 Paid the regular cash dividend on preferred shares. August 7 Declared and issued a 25% stock dividend on common shares at a time when the market price was $14 per share.

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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.