Company reports the following components of stockholders' equity on January 1.

Common stock$10 par value, 110,000 shares authorized,

40,000 shares issued and outstanding$400,000 Paid-in capital in excess of par value, common stock60,000 Retained earnings330,000 Total stockholders' equity$790,000

During the year, the following transactions affected its stockholders' equity accounts.

Jan.2Purchased 4,000 shares of its own stock at $23 cash per share.

Jan.5Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record.Feb.

28Paid the dividend declared on January 5.July6Sold 1,500 of its treasury shares at $27 cash per share.Aug.22Sold 2,500 of its treasury shares at $20 cash per share.

Sept.5Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record.

Oct.28Paid the dividend declared on September 5.

Dec.31Closed the $380,500 credit balance (from net income) in the Income Summary account to Retained Earnings.

General Journal tab- the necessary journal entries.

Statement of Retained Earnings tab- the Statement of Retained Earnings for the Edmunds Corporation for the year ended December 31.

Stockholders' Equity tab- the Stockholders' equity section ofEdmundsCorporation's December 31 balance sheet.

Impact on Equity tab- For each transaction, indicate the total change in Stockholders' Equity, if any.Verify that total equity, as calculated, agrees with the amount reported on the Stockholders' Equity tab.

Journal entry worksheet

Jan 02 Purchased 4,000 shares of its own stock at $23 cash per share.

Jan 05 Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record.

Feb 28 Paid the dividend declared on January 5.

Jul 06 Sold 1,500 of its treasury shares at $27 cash per share.

Aug 22 Sold 2,500 of its treasury shares at $20 cash per share.

Sep 05 Directors declared a $2 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 $380,500 credit balance (from net income) in the Income Summary account to Retained Earnings.

the Statement of Retained Earnings for Corporation for the year ended December 31.

the stockholders' equity section of Corporation's balance sheet as of December 31.

For each transaction, indicate the impact on total stockholders' equity.Enter decreases to equity as negative values.Verify that total Stockholders' equity as of December 31, as calculated, agrees with the amount reported on the balance sheet.