(b) Enter the beginning balances, and post the entries to the stockholders' equity accounts. (Note: Open additional stockholders' equity accounts as needed.) (Post entries in the order of journal entries presented in the previous part.) Common Stock Date Explanation Ref Balance Debit Credit Balance Common Stock Dividends Distributable Date Explanation Rel Debit Credit Balance dx Paid Capital in Excess of Par Common Stock Date Explanation Ref Debu Credit Balance Balance Reta Cami Da Explanation Debit Credit Balance HEM Retained Earnings Date Explanation Ref Debit Credit Balance v Balance Not income Stock dividend vCash dividend Cash Dividends Date Explanation Ref Debit Credit Balance andy Stock Dividends Date Explanation Ref Debit Credit Balance . ch... nel for the nection Onan Chow Work Journalize the transactions and the dosing entries for net income and dividends. (Credit account titles are automatically indent required, select "No Entry" for the account titles and enter o for the amounts. Record journal entries in the order prese Account Titles and Explanation Debit Credit Feb. 1 Cash Dividends 63,000 Date Dividends Payable 63,000 Mar. 1 Dividends Payable 63,000 Cash 63,000 Apr. 1 No Entry No Entry July Stock Dividends 264,600 Common Stock Dividends Distributable 226,800 Pald-in Capital in Excess of Par-Common Stock 37,800 July 31 Common Stock Dividends Distributable 226,800 Common Stock 226,800 Dec 1 Cash Dividends 86,940 Dividends Payable 86,940 OC 383000 Income Summary No Entry July 1 Stock Dividends 264,600 Common Stock Dividends Distributable 226,800 Paid in Capital in Excess Par Common Stock 37,800 July 31 Common Stock Dividends Distributable 226,800 Common Stock 226,800 Dec 1 Cash Dividends 86,940 Dividends Payable 86,940 Dec 31 Income Summary 383,000 Retained Earnings 383,000 (To close net income) Dec.31 Retained Earnings 254,600 Stock Dividends 264,600 (To close stock dividends) Dec 31 Retained Earings 149,940 Cash Dividends 149,940 (To close cash dividends) Multiple correct answers are possible for the question please allow the answer field to see all possible answers Type here to search a CALCULATOR PRINTER VERSION Question 6 On January 1, 2020, Ivanhoe Corporation had the following stockholders' equity accounts Common Stock (524 par value, 63,000 shares issued and outstanding) $1,512,000 Paid-in Capital in excess of Par--Common Stock 204,000 Retained Earnings 648,000 During the year, the following transactions occurred, Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February Apr 1 Announced a 2-for-1 stock split. Prior to the sple, the market price per share was $40. July 1 Declared a 15% stock dividend to stockholders of record on July 15, distributable July 31. on July 1, the market price of the stock was $14 per share 31 Issued the shares for the stock dividend. Dec. 1 Declared a $0.60 per share dividend to stockholders of record on December 15, payable January 5, 2021 31 Determined that net income for the year was $383,000
