GL1301 (Static) - Based on Problem 13-2A Kohler Corporation LO C3, P2, P3 Kohler Corporation reports the following components of stockholders' equity on January 1. Common stock-$10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding $ 400, 000 Paid-in capital in excess of par value, common stock 60,000 Retained earnings 270,000 Total stockholders' equity $ 730, 000 During the year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 4,000 shares of its own stock at $20 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 2,000 of its treasury shares at $24 cash per share. August 22 Sold 2,000 of its treasury shares at $16 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the dividend declared on September 5. December 31 Closed the $388,000 credit balance (from net income ) in the Income Summary account to Retained Earnings. Requirement General General Statement of Stockholders Impact on Journal Ledger Trial Balance RE Equity Equity General Journal tab - Journalize the transactions related to the notes and accounts payable of Kohler Corporation. The General Ledner. Trial Balance and Schedule of Pavables will he undated based on vour entries. Prev 1 of 8 Next > Q Search