=+PR 13-4B Entries for selected corporate transactions objs. 3, 4, 5, 6

✔ 4. Total stockholders’ equity,

$11,853,400 Selected transactions completed by Kearny Boating Corporation during the current fiscal year are as follows:

Jan. 8. Split the common stock 3 for 1 and reduced the par from $75 to $25 per share. After the split, there were 600,000 common shares outstanding.

Feb. 13. Purchased 30,000 shares of the corporation’s own common stock at $27, recording the stock at cost.