Done er-ui.prod.mheducation.com AA e = 240 ... > Aa F 3 4 United Lingus Allied 13.86 396 0.48 132.00 72.00 80.00 5 Page 437 Exercise 11-24 Cash dividends, treasury stock, and statement of retained earnings @c3@P2 P3 Alexander Corporation reports the following components of stockholders' equity at December 31, 2019. $ 750,000 Common stock-$25 par value, 50,000 shares authorized, 30,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 50,000 340,000 $1,140,000 During 2020, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 3,000 shares of its own stoel at tor nach nar chere vurmgeveu RUB MULLE affected its stockholders' equity accounts. Jan. 2 Purchased 3,000 shares of its own stock at $25 cash per share. Jan. 7 Directors declared a $1.50 per share cash dividend payable on February 28 to the February 9 stockholders of record. Feb. 28 Paid the dividend declared on January 7. July 9 Sold 1,200 of its treasury shares at $30 cash per share. Aug. 27 Sold 1,500 of its treasury shares at $20 cash per share. Sep. 9 Directors declared a $2 per share cash dividend payable on October 22 to the September 23 stockholders of record. Oct. 22 Paid the dividend declared on September 9. Dec. 31 Closed the $52,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Ronnired Done er-ui.prod.mheducation.com AA e = 240 ... > Aa F 3 4 United Lingus Allied 13.86 396 0.48 132.00 72.00 80.00 5 Page 437 Exercise 11-24 Cash dividends, treasury stock, and statement of retained earnings @c3@P2 P3 Alexander Corporation reports the following components of stockholders' equity at December 31, 2019. $ 750,000 Common stock-$25 par value, 50,000 shares authorized, 30,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 50,000 340,000 $1,140,000 During 2020, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 3,000 shares of its own stoel at tor nach nar chere vurmgeveu RUB MULLE affected its stockholders' equity accounts. Jan. 2 Purchased 3,000 shares of its own stock at $25 cash per share. Jan. 7 Directors declared a $1.50 per share cash dividend payable on February 28 to the February 9 stockholders of record. Feb. 28 Paid the dividend declared on January 7. July 9 Sold 1,200 of its treasury shares at $30 cash per share. Aug. 27 Sold 1,500 of its treasury shares at $20 cash per share. Sep. 9 Directors declared a $2 per share cash dividend payable on October 22 to the September 23 stockholders of record. Oct. 22 Paid the dividend declared on September 9. Dec. 31 Closed the $52,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Ronnired
