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Alexander Corporation reports the following components of stockholders' equity at December 31, 2018 S 900,000 Common stock $25 par value, 60,000 shares authorized 36,000 shares

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Alexander Corporation reports the following components of stockholders' equity at December 31, 2018 S 900,000 Common stock $25 par value, 60,000 shares authorized 36,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 72.000 361.000 $1,333,000 During the year, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 3.600 shares of its own stock at $25 cash per share. 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 1,440 of its treasury shares at S30 cash per share. Aug. 27 Sold 1.800 of its treasury shares at S20 cash per share. Directors declared a S2 per share cash dividend payable on October 22 to the Sept. 9 September 23 stockholders of record. Oct. 22 Paid the dividend declared on September 9. Closed the $58,000 credit balance (from net income) in the Income Summary Dec. 31 account to Retained Earnings Required: 1. Prepare journal entries to record each of these transactions 2. Prepare a statement of retained earnings for the year ended December 31, 2019. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions View transaction et Journal entry worksheet Record the purchase of 3,600 shares of its own common stock for $25 cash per share Nor s before credit General Journal De Credit Jan 02 Record the declaration of a cash dividend of $1.50 per share General Journal Journal entry worksheet Journal entry worksheet Record the reissue of 1,440 shares of the treasury stock for $30 cash per Canal Journal Recordery Viena Journal entry worksheet Record the reissue of 1,800 shares of the treasury stock for $20 cash per share. Journal entry worksheet Record the declaration of a cash dividend of $2 per share. Note: Enter debit before credits General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the payment of the cash dividend declared on September 9 Note: the debts before credits Date General Journal Dete Credit Record entry Clear entry View general jurnal Journal entry worksheet

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