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can you show work with the ans pls ? Exercise 13-24 Cosh dividends, treasury stockand statement of retained earnings cp2 p3 Alex CorporMion reports the
can you show work with the ans pls ?
Exercise 13-24 Cosh dividends, treasury stockand statement of retained earnings cp2 p3 Alex CorporMion reports the following components of stockholders equity at December 3t of the prior Common-1250w 50.000 shares hored 30.000 shares and outstanding Paid capitaines para como tock ned earning Tochodn'uty $ 750.000 50.000 140 000 140.000 During the current year, the following transactions affected its stockholders' equity accounts lon 2 Purchased 1.000 shares of its own stock - $25 cash per share Jan Directors declared a $1.50 per stare cash didend payable on February 28 to the February 9 stockholders of record Feli 28 Paid the dividend declared on January 7 July 9 Sold 1.200 of stresory shares at S10 cash per share A27 Sold 1.500 of its treasury shares at $21 cash per share Sep 9 Directors declared a $2 per share cash dividend payable on October 22 to the Serember 23 stockholders of record Oct 22 Paid the dividend declared on September 9. Dec.31 Closed the 552.000 credit balance from net income) in the Income Summary account to Retamed Emin Required 1. Prepare journal entries to record each of these transactions 2. Prepare a statement of retained earnings for the current entended December 31 Prepare the stockholders equity section of the batance sheet as of December Jil of the current year Step by Step Solution
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