general ledger, statement of RE, stockholders equity and impact on equity

GL1101 - Based on Problem 11-2A LO C3, P2, P3 Streamline Company reports the following components of stockholders' equity on January 1. Common stock-$10 par value, 120,000 shares authorized, 50,000 shares issued and outstanding $ 500, 090 Paid-in capital in excess of par value, common stock 75, 030 ook Retained earnings 410, 090 Total stockholders' equity $ 985, 090 int ences During the year, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5, 900 shares of its own stock at $23 cash per share. Jan. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5. July 6 Sold 1, 900 of its treasury shares at $27 cash per share. Aug . 22 Sold 3, 100 of its treasury shares at $20 cash per share. Sept. 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28 Paid the dividend declared on September 5. Dec. 31 Closed the $206, 500 credit balance (from net income ) in the Income Summary account to Retained Earnings. Requirement General General Trial Balance Statement of Stockholders Impact on Journal Ledger RE Equity Equity