Can someone please help me finish this Im having a hard time
Problem 11-2A (Static) Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler Corporation reports the following components of stockholders equity at December 31 of the prior year. Connon stack-$10 par value, 100,vee shares authorized, 41,000 shares issued and outstanding Paid.in capital in excess of par value, common stock Hetained earnings Total stockholders equity $ 400,000 60,000 270.000 5.730.000 A During the current year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 4,00 shares of its own stock at 30 cth per share January birectors declared $2 per a cash dividend payable on February 2 to the February 5 stockholders of record Feliciary 28 Paid the dividend declared Oanuary July Sold 2,000 of its treasury shares at 324 cash per share August 22 Sold treasury thares at si cather thane September 5 Directors declared as per thare cath dividend payable on October all to the Septeber stockholders of record October 7 Paid the dividend declared on Septeber Ducester Cared the $388,000 credit balance (front cons) in the income an account to retained taking Required: 1. Prepare journal entries to record each of these transactions 2. Prepare a statement of retained earnings for the current year ended December 31 3. Prepare the stockholders equity section of the balance sheetos of December of the current year Complete this question by entering your answers in the tabs below. Required: Required Required Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the current year ended December 31 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year x Answer is not complete. Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Prepare journal entries to record each of these transactions. No Dat Debi Credit January 02 General Journal Treasury stock, Common sh 80,000 BIG 80.000 12 Lanuary 05 72.000 Rings Commo dividend payable TODO Fruty 2 dominon dion ya 72.000 72.000 Huly 09 TVORICA WEINLEY MA Gash 80,000 2 January 05 72,000 Retained earnings Common dividend payable 72.000 3 February 28 Common dividend payable 72.000 Cash 72.000 4 July 08 Cash Treasury stock, Common Paid-in capital, Treasury stock SI 5 August 22 Cash Paid-i capital. Treasury stock 8 September 05 Retained earnings 80.000 80.000 October 28 Common dividend payable 80,000 Cash 80.000 8 December 31 Income summary 388.000 Retained earnings 385.000 2. Prepare a statement of retained earnings for the current year ended December 31 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a statement of retained earnings for the current year ended December 31. (Amounts to be deducted should be indicated by minus sign. KOHLER CORPORATION Statement of Retained Earnings For Current Year Ended December 31 S 0 Required Roed 3. Prepare the stockholdersequity section of the balance sheet as of December 31 of the current year & Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the stockholders equity section of the balance sheet as of December 31 of the current year KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Total contributed capital 0 Total stockholdersguity S 0
