GL1101- Based on Problem 11-2A LO C3, P2, P3 Barcelona Company reports the following components of stockholders' equity on January 1 Common stock-$10 par value, 120,000 shares authorized 50,880 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500,000 75,000 410,000 $ 985,000 During the year, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,800 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 1,989 of its treasury shares at $27 cash per share. Aug 22 Sold 3,109 of its treasury shares at $2e 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 $228, eee credit balance (from net income) in the Income Summary account to Retained Earnings Requirement General Journal General Ledger Trial Balance re Statement of Stockholders Equity Impact on Equity RE During the year, the following transactions affected its stockholders equity accounts. Prepare the necessary journal entries. If no journal entry is required, select "No journal entry required" in the first input box. View transaction list Journal entry worksheet