E11-9 (Algo) Part 2

Save Help 5 Required information E11-9 (Algo) Recording and Reporting Stockholders' Equity Transactions, including Closing Entry [LO 11-2, LO 11-3) [The following information applies to the questions displayed below) The annual report for Malibu Beachweat reported the following transactions affecting stockholders' equilty: Part 2 of 2 16.66 points a. Purchased $350,500 of common stock now held in treasury, b. Declared cash dividends in the amount of $260.250, c Paid the dividends in (6) d Issued 105,000 new shares of $0.10 par value common shares for $2 per share. e Closed the Dividends account Bo E11-9 (Algo) Part 2 2. 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.) References Vlow transaction lit Journal entry worksheet 1 Record the purchase of $350,500 common stock now held in treasury E11-9 (Algo) Part 2 2. 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.) of 2 View transaction list Journal entry worksheet 2 3 4 1 5 OOK Record the purchase of $350,500 common stock now held in treasury. Ant Note: Enter debits before credits Event General Journal Debit Credit a erences Record entry Clear entry View general Journal E11-9 (Algo) Part 2 2. 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 elok Record the payment of the dividend, Hirt Note: Enter debits before credits Print Event General Journal Debit Credit G Maturences Record entry Clear entry View general Journal E11-9 (Algo) Part 2 5 2. 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.) Part 2 of 2 View transaction list 16.66 points Journal entry worksheet 1 2 3 4 5 eloce Record the issue of 105,000 new shares of $0.10 par value, for $2 per share. Enter debts before credits Print General Journal Debit Credit Event d References Record entry Clear entry View general journal 5 E11-9 (Algo) Part 2 2. 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.) Part 2 of 2 View transaction list 16,66 points Journal entry worksheet