$ 189,600 179,200 The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-$4 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Stockholders' Equity (December 31). Common stock-$4 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($30,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, payable on January 10.) March 20 Purchased treasury stock for cash. April 5 July 5 July 31 Declared a $0.50 per share cash dividend, payable on April 10. Declared a $0.50 per share cash dividend, payable on July 10. Declared a 20% stock dividend when the stock's market value was $12 per share. August 14 Issued the stock dividend that was declared on July 31.1 October 5 Declared a $0.50 per share cash dividend, date of record October 10. $160,000 120,000 320,000 $ 600,000 400,000 768,800 (30,000) $738,800 The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, payable on January 10. March 20 Purchased treasury stock for cash. April 5 July 5 July 31 Declared a $0.50 per share cash dividend, payable on April 10. Declared a $0.50 per share cash dividend, payable on July 10. Declared a 20% stock dividend when the stock's market value was $12 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.50 per share cash dividend, date of record October 10. Requirement General Journal General Ledger Trial Balance Cash Dividends Stock Dividend General Ledger tab Journalize the transactions related to the notes and accounts payable of Atticus Group. The General Ledger, Trial Balance and Schedule of Payables will be updated based on your entries. General Ledger tab One of the advantages of general ledger software is that posting is done automatically. To see the detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab. General Ledger tab - General ledger software also automates the preparation of trial balances. A trial balance lists each account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal total credits. Cash Dividends tab - Calculate the amount of each cash dividend. Stock Dividend tab- Calculate the amount of retained earnings to be capitalized. General Journal > Stockholders' Equity (January 1) Common stock-$4 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 160,000 120,000 320,000 $ 600,000 Stockholders' Equity (December 31) Common stock-$4 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($30,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity $ 189,600 179,200 400,000 768,800 (30,000) $ 738,800