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During the year, the followng transactions affected its stockholders' equity accounts January 2 Purchased 5,000 shares of Its own stock at $21 cash per share.
During the year, the followng transactions affected its stockholders' equity accounts January 2 Purchased 5,000 shares of Its own stock at $21 cash per share. Jamary 5 birectors declared a 32 per share cash dividend payable on february an ta the frthary 5 stockholders of record rebruary 28 pald the dividend deciared on Jaruary 5. July 6 sold 2, soe of its treawcy shares at 527 cash per share. August 22 sold 2 , see of its treatury shares at 119 cash per share. september 5 olrectors declared a $2 per Mhare cash dividend payable on october an to the septenber as stockholdurs of record. october 2 B Pald the dividend Geelared on Septenber 5. Deceeber 31 closed the 3165, ee0 credit balance (from net incone) in the tncone simary account to Hetained tarniress. Prepare the Statement of Retained Eamings for Twinings Corporation for the year ended December J1. Durting the yesr, the followng transactions affocted its stockholders' equey accounts 3amaty 2 Purchaied 5, aoe shares of its oel stock at fil cas per vare. rebruary 2n Pasd the dividend deciarw on Jomury 5. Juty 6 Sold 2 .50e of its treatury iherei at 137 cash per thare. August 22 sold 2 ,50e of its treaury chares at sis cash per thare. coctoter ar Pald the divliend deciared on fiepteober 5 . Frepare che stoch halders' equity section of Twinings Corperation's balance sheet as of December 31. July 6 Sold 2,560 of 1ts treasury shares at $27 cash per share. August 22 Sold 2,500 of its treasury shares at $19 cash per share. September 5 oirectors declared a 52 per share cash dividend payable on october 28 to the Septenber 25 stockholders of October 28 Paid the dividend declared on September 5 . December 31 Closed the $365,600 credit balance (from net incone) in the Incone sunary account to Retained Earnings. For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equity as negative values. Verify that total Stockholder's' equity as of December 31, as calculated, agrees with the amount reported on the balance sheet
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