Chapter 13 Homework i Savad Help Save & Exit Submit Check my work Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 18 points Common stock $20 par value, 100,000 shares authorized 55,000 shares seued and outstanding Taid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,100.000 70,000 460,000 $1,630,000 eBook During 2019, the following transactions affected its stockholders' cquity accounts. Print References Jan. 2 Purchased 5,000 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5. July 6 Sold 1,875 of its treasury shares at $29 cash per share. Aug 22 Sold 3,125 of its treasury shares at $22 cash per share. Sept. 5 Directora declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. Det. 28 Paid the dividend declared on September 5. Dec. 31 Closed the $420,000 credit balance (from net income) in the Income 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, 2019 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction ist Journal entry worksheet Chapter 13 Homework i Saved Help Save & Exit Submit Check my work Total stockholders' equity 81,JU, VUU During 2019, the following transactions affected its stockholders' equity accounts. 18 points Jan. 2 Purchased 5,000 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record. Feb 28 Paid the dividend declared on January 5. July 6 Sold 1,875 of its treasury shares at $29 cash per abare. Aug 22 Sold 3,125 of its treasury shares at $22 cash per share. Sept. 5 Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28 Paid the dividend declared on September 5. Dec. 31 closed the $420,000 credit balance (from net income) in the Income Summary account to Retained Earnings. eBook Print Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31, 2019. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019 References 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 year ended December 31, 2019. (Amounts to be deducted should be indicated by a minus sign.) KOHLER CORPORATION Statement of Retained Earnings For Year Ended December 31, 2019 Beginning retained earnings S Add: Net income 460,000 428,000 888,000 Less: Cash dividends declared Less: Treasury stock reissuances Ending retained earnings S 888,000 Chapter 13 Homework i Saved Help Save & Exit Submit Check my work Total stockholders' equity 81,JU, VUU During 2019, the following transactions affected its stockholders' equity accounts. 18 points Jan. 2 Purchased 5,000 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record. Feb 28 Paid the dividend declared on January 5. July 6 Sold 1,875 of its treasury shares at $29 cash per abare. Aug 22 Sold 3,125 of its treasury shares at $22 cash per share. Sept. 5 Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28 Paid the dividend declared on September 5. Dec. 31 closed the $420,000 credit balance (from net income) in the Income Summary account to Retained Earnings. eBook Print Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31, 2019. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019 References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019 KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2019 Common stock - $20 par value $ Paid-in capital in excess of par value, common stock Total contributed capital Retained earnings Total stockholders' equity $ 1,100,000 70,000 1,170,000 1,170,000 Chapter 13 Homework i Savad Help Save & Exit Submit Check my work Required Information (The following information applies to the questions displayed below.) Part 4 of 4 Raphael Corporation's balance sheet shows the following stockholders' equity section points $ 100,000 Preferred stock-56 cumulative, $_ par value, 1,000 shares authorized, issued, and outstanding Common stock $ par value, 4,000 shares authorized, issued, and outstanding Retained carnings Total stockholders' equity 140,000 400,000 $ 640,000 eBook Print 4. If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $30,000, what total amount will be paid to the preferred and to the common shareholders? References Total amount paid to the preferred shareholders Total amount paid to the common shareholders