Check my The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $351,000 of common stock now held in treasury b. Declared cash dividends in the amount of $260,500 c. Paid the dividends in (6) di Issued 110,000 new shares of $0.10 par value common shares for $2 per share. e Closed the Dividends account Prepare Journal entries to record each of these events. (If no entry is required for a transaction/event, se "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet stved Help 5 Save & Exit Check my The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity a. Purchased $351,000 of common stock now held in treasury b. Declared cash dividends in the amount of $260,500, c. Pald the dividends in (b) d Issued 110,000 new shores of $0.30 por value common shares for $2 per share, e Closed the Dividends account 2. Prepare journal entries to record each of these events. (If no entry is required for a transaction/event, sel "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 3 4 Record the cash dividends declared in the amount of $260,500. Note: Enter debits before credits General Journal Event b Dobit Crodit Check my work The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity a. Purchased $351,000 of common stock now held in treasury b. Declared cash dividends in the amount of $260,500 c Pald the dividends in (b). d. Issued 110,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account . Prepare journal entries to record each of these events. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 4 5 > 30 Record the payment of the dividend. Note: Enter debits before credits Event General Journal Dobit Credit Check my w The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity a. Purchased $351,000 of common stock now held in treasury Declared cash dividends in the amount of $260,500. c Paid the dividends in (b). d. Issued 110,000 new shares of $0.10 par value common shares for $2 per share, e. Closed the Dividends account 2. Prepare journal entries to record each of these events. (If no entry is required for a transaction/event, sel "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity a Purchased $351,000 of common stock now held in treasury b. Declared cash dividends in the amount of $260,500 c Paid the dividends in (b) d. Issued 110,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account 2. Prepare journal entries to record each of these events. (If no entry is required for a transaction/event, selec "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Required information [The following information applies to the questions displayed below.) The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $351,000 of common stock now held in treasury. . Declared cash dividends in the amount of $260,500. c Pald the dividends in (b), d. Issued 110,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. 3. Prepare a statement of stockholders' equity, assuming the following opening balances. Common Stock $ 13,000 Additional Retained Treasury Paid-In Capital Enrninga Stock $ 195,000 $ 151,000 $ Beginning Stock Issuances Net Incomo Dividends: Common Ending 280,000 $ 13,000 $ 195,000 $ 431,000 $
