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attached are the requirements, MacMillan transactions,and stockholders equity to complete the journal entries. 1. Record the transactions in the general journal. 2. Prepare a retained

attached are the requirements, MacMillan transactions,and stockholders equity to complete the journal entries.

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1. Record the transactions in the general journal. 2. Prepare a retained earnings statement for the year ended December 31, 2018. Assume Macmillan's net income for the year was $89,000. 3. Prepare the stockholders' equity section of the balance sheet at December 31 2018. Stockholders' Equity Paid-In Capital: Common Stock-$15 Par Value; 250,000 shares authorized, 25,000 shares issued and outstanding $ 375,000 Paid-In Capital in Excess of Par-Common 370,000 Total Paid-In Capital 745,000 Retained Earnings 163,000 Total Stockholders' Equity 908,000 2/4/2020 More Info 2018 Transactions Declared a 10% stock dividend on common stock. The market value of MacMillan's stock was $27 Feb. 6 per share. Feb. 15 Distributed the stock dividend. Jul. 29 Purchased 2,100 shares of treasury stock at $27 per share. Nov. 27 Declared a $0.25 per share cash dividend on the common stock outstanding

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