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can someone please help me with this hwk problem? Alexander Corporation reports the following components of stockholders' equity at December 31, 2019. Common stock- (
can someone please help me with this hwk problem?
Alexander Corporation reports the following components of stockholders' equity at December 31, 2019. Common stock- \\( \\$ 25 \\) par value, 60,000 shares authorized, 36,000 shares issued and outstanding Paid-in capital in excess of par value, comon stock Retoined earnings \\( \\begin{array}{r}\\$ 900,000 \\\\ 72,000 \\\\ 361,000 \\\\ \\hline \\$ 1,333,000 \\\\ \\hline\\end{array} \\) Total stockholders' equity During 2020 , the following transactions affected its stockholders' equity accounts. January 2 Purchased 3,600 shares of its own stock at \\( \\$ 25 \\) cash per share. January 7 Directors declared a \\( \\$ 1.50 \\) per share cash dividend payable on February 28 to the februacy 9 stockholders of record February 28 Paid the dividend declared on January 7. July 9 Sold 1,440 of its treasury shares at \\( \\$ 30 \\) cosh per share. August 27 \\$old 1,800 of its treasury shares at \\( \\$ 20 \\) cash per share. septeaber 9 Directors declared a \\( \\$ 2 \\) per share cash dividend payable on October 22 to the september 23 stockholders of record. october 22 Paid the dividend declared on September 9. December 31 Closed the \\$58, eeo credit balance (froo net income) in the Incone Summary 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, 2020. 3. Prepare the stockholders' equity section of the company's balance sheet os of December \\( 31,2020 \\). \\( \\otimes \\) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section of the company's balance sheet as of December \\( 31,2020 \\). Note: Amounts to be deducted should be indicated by a minus sion Step by Step Solution
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