Clearbom Manufacturing Co. completed the following transactions during 2018: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record the transactions in Clearborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Jan. 16: Declared a cash dividend on the 4%, 596 par noncumulative preferred stock (1 200 shares outstanding). Declared a 30.55 per share dividend on the 105,000 shares of S6 par value common stock outstanding. The date of record is January 31. and the payment date is February 15. Date Accounts and Explanation Debit Credit Jan. 16 Cash Dividends 82.368 4,608 Dividends PayablePreferred Dividends Payable Common 57 750 Declared a cash dividend. Feb. 15. Paid the cash dividends Date Accounts and Explanation Debit Credit Feb. 15 4,608 Dividends Payable-Preferred Dividends PayableCommon 574750 621358 Paid cash dividend Choose from any list or enter any number in the input fields and then click Check Answer 5 parts Clear All Check Answer Clearbor Manufacturing Co. completed the following transactions during 2018: i (Click the icon to view the transactions.) Read the requirements. Maroc COWOTE Ooo Cash 62.358 Paid cash dividend. Jun. 10: Split common stock 2-for-1. Date Accounts and Explanation Debit Credit Jun. 10 No entry required Jul. 30: Declared a 40% stock dividend on the common stock. The market value of the common stock was se per share. Date Debit Credit Accounts and Explanation Retained Earnings Common Stock Dividend Distributable Paid-in Capital in Excess of Par-Preferred Declared a 4096 stock onvidend Choose from any list or enter any number in the input fields and then click Check Answer. parts i More Info - X Jan. 16 Feb. 15 Jun. 10 Declared a cash dividend on the 4%, $96 par noncumulative preferred stock (1,200 shares outstanding). Declared a $0.55 per share dividend on the 105,000 shares of 86 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Paid the cash dividends. Split common stock 2-for-1. Declared a 40% stock dividend on the common stock. The market value of the common stock was 59 per share. Distributed the stock dividend. Purchased 1.600 shares of treasury stook at $10 per share. Sold 800 shares of treasury stock for $12 per share. Solo 700 shares of treasury stock for $7 per share. Jul. 30 Aug. 15 Oct 26 Nov. 8 Nov. 30 i Requirements X 1. Record the transactions in Clearborn's general journal. 2. Prepare the Clearborn's stockholders.' equity section of the balance sheet as of December 31, 2018. Assume that Clearborn was authorized to issue 2,200 shares of preferred stock and 300.000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2018. is $1.050.000. Done