A2.

On January 1, 2020. Agassi Corporation had the following stockholders' equity accounts. Common Stock ($10 par value. 55,000 shares issued and outstanding) $550,000 Paid-in Capital in Excess of Par-Common Stock 490,000 Retained Earnings 601,000 Jan. 15 During 2020. the following transactions occurred. Declared and paid a $1.05 cash dividend per share to stockholders. Apr. 15 Declared and paid a 10% stock dividend. The market price of the stock was $13 per share. May 15 Reacquired 1.800 common shares at a market price of $16 per share. Nov. 15 Reissued 900 shares held in treasury at a price of $18 per share. Determined that net income for the year was $364.000 Dec. 31 (21) Journalize the above transactions. (Include entries to close net income to Retained Earnings.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts.) Date Debit Credi Account Titles and Explanation Retained Earnings Jan 15, 2020 57500 Cash Apr. 25. 2020 Retained Earnings 71500 Common Stock Pald-in Capital in Excess of Par - Common Stock May 15, 2020 Treasury Stock 28800 Cash Nov. 15, 2020 Cash 16200 Treasury Stock Pald-in Capital from Treasury Stock Dec 31, 2020 V Income Summary 364000 Retained Earnings (a2) Determine the ending balances for Paldin Capital. Retained Earnings and Stockholders' Equity. Ending balances Paid-in Capital $ Retained Earnings $ Stockholders' Equity $