Entries ABCDE

Required information The following information applies to the questions displayed below The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $350,400 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,200. C. Paid the dividends in (b). d. Issued 104,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. 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 4