1) Record the purchase 4,900 shares of its own common stock for $25 cash per share.

2) Record the declaration of a cash dividend of $1.50 per share

3) Record the payment of the cash dividend declared on January 7

4) Record the reissue of 1960 shares of the treasury stock for $30 cash per share.

5) Record the reissue of 2,450 shares of the treasury stock for $20 cash per share.

6) Record the declaration of a cash dividend of $2 per share.

7) Record the payment of the cash dividend declared on September 9.

8) Record the transfer of the credit balance of $71,000 in the income summary account to the retained earnings account.

That was part 1^

Part 2:

Part 3:

Thank you for the help!!!!

Exercise 11-18 Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Alexander Corporation reports the following components of stockholders' equity on December 31 2016 Common stock-$25 par value, 70,000 shares authorized, 49,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $1,225,000 98,000 406,000 $1,729,000 Total stockholders' equity In year 2017, the following transactions affected its stockholders' equity accounts Jan. Jan. 2 Purchased 4,900 shares of its own stock at $25 cash per share. 7 Directors declared a $1.50 per share cash dividend payable on February 28 to the February 9 stockholders of record Feb. 28 Paid the dividend declared on January 7 July 9 Sold 1,960 of its treasury shares at $30 cash per share. Aug. 27 Sold 2,450 of its treasury shares at $20 cash per share. Sept 9 Directors declared a $2 per share cash dividend payable on October 22 to the September 23 stockholders of record Oct. 22 Paid the dividend declared on September 9. Dec. 31 Closed the $71,000 credit balance (from net income) in the Income Summary account to Retained Earnings Requirec 1. Prepare journal entries to record each of these transactions for 2017 2. Prepare a statement of retained earnings for the year ended December 31, 2017. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017