2 points 1 Vancouver Company reports the following components of stockholders' equity on January 1. Common stock-$10 par value, 130,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500,000 75,000 410,000 $ 985,000 eBook During the year, the following transactions affected its stockholders' equity accounts. Print References January 2 Purchased 5,000 shares of its own stock at $23 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 2,500 of its treasury shares at $27 cash per share. August 22 Sold 2,500 of its treasury shares at $19 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the dividend declared on September 5. December 31 Closed the $291,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Requirement General Journal General Ledger Trial Balance Statement of Stockholders RE Equity Impact on Equity During the year, the following transactions affected its stockholders' equity accounts. Prepare the necessary journal entries. If no journal entry is required, select "No journal entry required" in the first input box. View transaction list Check my work 1 2 points During the year, the following transactions affected its stockholders' equity accounts. Prepare the necessary journal entries. If no journal entry is required, select "No journal entry required" in the first input box. View transaction list Journal entry worksheet eBook 1 2 345678 Print References Purchased 5,000 shares of its own stock at $23 cash per share. Note: Enter debits before credits. Date January 02 Account Title Debit Credit Treasury stock, Common 115,000 Cash 115,000 Record entry Clear entry View general journal 2 1 View transaction list Journal entry worksheet points 2 points 1 eBook Print References During the year, the following transactions affected its stockholders' equity accounts. Prepare the necessary journal ent no journal entry is required, select "No journal entry required" in the first input box. View transaction list Journal entry worksheet