chapter $12$ Problem

Retained Earnings

$13,170,000$

Treasury Stock $(58,000$ shares, at cost$)$

$812,000$

The following selected transactions occurred during the year:

Jan. $15.$ Paid cash dividends of $$0\mathrm{.}15$ per share on the common stock. The dividend had been properly recorded when declared on December $1$ of the preceding fiscal year for $$78,300.$

Mar. $15.$ Sold all of the treasury stock for $$17$ per share.

Apr. $13.$ Issued $110,000$ shares of common stock for $$16$ per share.

June $14.$ Declared a $5\%$ stock dividend on common stock, to be capitalized at the market price of the stock, which is $$18$ per share.

July $16.$ Issued stock for the stock dividend declared on June $14.$

Oct. $30.$ Purchased $36,000$ shares of treasury stock for $$19$ per share.

Dec. $30.$ Declared a $$0\mathrm{.}18-$per$-$share dividend on common stock.

$31.$ Closed the two dividends accounts to Retained Earnings.

Required:

The January $1$ balances in T accounts for the stockholders' equity accounts have been listed below. T accounts for the following accounts have also been created: Paid$-$In Capital from Sale of Treasury Stock; Stock Dividends Distributable; Stock Dividends; Cash Dividends. If required, round to one decimal place.

$\backslash$table$[[,$Common Stock,,$],[,$Jan. $1$ Bal.,$3,100,000,],[,$Apr. $13,,1,100,00vv$