eBook Calculator Jan. 22. Paid cash dividends of $0.15 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $45.900. Apt. 10. Issued 65,000 shares of common stock for $1,040,000. June 6. Sold all of the treasury stock for $578,000. July 5. Declared a 5% stock dividend on common stock, to be capitalized at the market price of the stock, which is $18 per share. Aug. 15. Issued the certificates for the dividend declared on July 5. Nov. 23. Purchased 21,000 shares of treasury stock for $399.000 Dec. 26. Declared a $0.18-pershare dividend on common stock. 31. Closed the credit balance of the income summary account, $8,029,000 31. Closed the tre dividends accounts to Retained Earnings Required: 1. The January 1 balances have been entered in accounts for the stockholders' equity accounts. Record the above transactions in the accounts and provide the December 31 balance where appropriate Common Stock 3,400,000 Jan. 1 Bal. Apr. 10 650,000 202,500 Aug. 15 Dec. 31 Bal. 4,252,500 Paid-In Capital in Excess of Stated Value-Common Stock 650.000 Jan. 1 Sal. Apr, 10 v July Dec. 31 390,000 100,000 1,202,000 Retained Earnings Dec 31 7.720.000 Jan. 1 Bal Dec 17 Dec. 31 LUDU Retained Earnings Dec. 31 Jan. 1 Bal. Dec. 31 7.720.000 Dec. 31 Bal. Treasury Stock Jan. 1 Bal. Nov. 23 476.000 June 6 476,000 Dec. 31 Bal Paid-In Capital from Sale of Treasury Stock June 6 Stock Dividends Distributable July 5 Aug. 15 Stock Dividends July 5 Dec. 31 Cash Dividends Dec. 28 Dec 31 2. Journalize the entries to record the transactions for a compound transaction. If an amount box does not require an entry levet bank Jan. 22. Paid cash dividends of $0.15 per share on the common stock. The dividend had been properly recorded he declared on December of the preceding farver 45.00 Date Account Debit Credit 45,900 45,000 eBook Calculator Apr. 10. Issued 65,000 shares of common stock for $1.040,000. Apr 10 Cash 67,600,00 Commen ock 650,000 Paid-te Capital in Excess of stated Valve-Common Stock 67,599,99 June 6. Sold all of the treasury stock for $575.000 Account Debit Credil June 6 Cash & 19,652,0 13,566,0 Treasury Stock Paid-In Capital from Sale of Treasury Stock 6,086,00 July 5. Declared a 5 stock dividend on common stock, to be capitalized at the market price of the stock, which is $15 per share Account Credit Date Debit 198,398, Duly 5 Stock Dividende Stock Dividends Distributable Paldin Capital in Excess of Stated Value-Common Stock Aug. 15. Issued the certificates for the dividend declared on July 5. Debat Credit Date Account Stock Dividends Distribuitable Common Stock Nov. 23. Purchased 21.000 shares of treasury stock for $399.000 Credit Debit Account Date lekeassighinentSessionLo BOOK Calculator Dec. 21. Declared a $0.18-pershare dividend on common stock Dec 26 Cash Dividends Cash Dividends Payable Dec. 31. Closed the credit balance of the income summary account, $8,029,000. Account Debi Credit Dec. 31 Income Summary Retained Earnings Dec. 31. Closed the two dividends accounts to Retained Eamings. Date Account Debit Credit Dec. 31 Retained Camings Stock Dividends Cash Dividends 3. Prepare retained earnings statement for the year anded December 31, 2015. Anume that Morrow Enterprises in had net income for the year ended December 21, 2015, of 3.000 Horrow Enterprises Inc. Retained Earnings Statement For the Year Ended December 31, 2015 Retained Earnings, January 2, 2015 7.720.000 Net Income Dividends Cash Dividends 4. Prepare the Stockholders' Equity section of the December 31, 2045, balance sheet. mais Stockholders Equity Afbedem Paid-In-Capital: Common Stock $10 Stated Value Excess of Stated Value-Common Stock Paid-in capital, common stock From Sale of Treasury Stock Total Paid In Capital Retained.tamised Total treasure CDM Total Stockholders Equity 182 The purchase of treasury stock typically recorded in the method when company real shares of treasury stock corporation Filegal obated to that and when the man declare dividend keen the previous 3. When preparing a netengetament echters uit them that acted the he had taller andre