enter the beginning balances in the accounts and post the journal entries to the stockholders' equity accounts (the ones outlined in red)

Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.50 pegr share cash dividend to common stockholders of record on December 15, payable December 31,2 Dec. 31 Determined that net income for the year was $810,000. Paid the dividend declared on December 1. (a) Your answer is correct. Journalize the transactions. (Include entries to close net income and dividends to Retained Earnings) (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Dec31; (To close Income Summary and transfer net income to Retained Earnings) Dec31 RetainedEarnings (To close Cash Dividends to Retained Earnings) Dec31 Diviteterd Porvablet (To record payment of cash dividends payable) the order of journal entries recorded in the previous part. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount on the normal side of the account.) Retained Earnings Cash Dividends 10/1 Treasury Stock 3/207 20300 4 eTextbook and Media List of Accounts Save for Later Attempts: 1 of 10 used The stockholders' equity accounts of Pronghorn Corp. on January 1, 2025, were as follows. During 2025 , the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 14,500 shares of common stock for $87,000, Mar. 20 Purchased 2.900 additional shares of common treasury stock at $7 per share. Oct. 1 Declareda 7% cash dividend on preferred stock, payable November 1. Nov: 1 Paid the dividend declared on October 1. Dec. 1 Declared a 50.50 per share cash dividend to common stockholders of record on December 15 , payable December 31.2 Dec 31 Determined that net income for the year was $810,000. Paid the dividend declared on December 1. Enter the beginning balances in the accounts and post the journal entries to the stockholders' equity accounts. (Post entries in the order of journal entries recorded in the previous part. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount on the normal side of the account.) Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.50 pegr share cash dividend to common stockholders of record on December 15, payable December 31,2 Dec. 31 Determined that net income for the year was $810,000. Paid the dividend declared on December 1. (a) Your answer is correct. Journalize the transactions. (Include entries to close net income and dividends to Retained Earnings) (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Dec31; (To close Income Summary and transfer net income to Retained Earnings) Dec31 RetainedEarnings (To close Cash Dividends to Retained Earnings) Dec31 Diviteterd Porvablet (To record payment of cash dividends payable) the order of journal entries recorded in the previous part. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount on the normal side of the account.) Retained Earnings Cash Dividends 10/1 Treasury Stock 3/207 20300 4 eTextbook and Media List of Accounts Save for Later Attempts: 1 of 10 used The stockholders' equity accounts of Pronghorn Corp. on January 1, 2025, were as follows. During 2025 , the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 14,500 shares of common stock for $87,000, Mar. 20 Purchased 2.900 additional shares of common treasury stock at $7 per share. Oct. 1 Declareda 7% cash dividend on preferred stock, payable November 1. Nov: 1 Paid the dividend declared on October 1. Dec. 1 Declared a 50.50 per share cash dividend to common stockholders of record on December 15 , payable December 31.2 Dec 31 Determined that net income for the year was $810,000. Paid the dividend declared on December 1. Enter the beginning balances in the accounts and post the journal entries to the stockholders' equity accounts. (Post entries in the order of journal entries recorded in the previous part. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount on the normal side of the account.)