Halborn Manufacturing Co. completed the following transactions during 2018:

Halborn Manufacturing Co. completed the following transactions during 2018: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record the transactions in Halborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Jan. 16: Declared a cash dividend on the 5%, $99 par noncumulative preferred stock (1,100 shares outstanding). Declared a $0.30 per share dividend on the 90,000 shares of $4 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Date Accounts and Explanation Debit Credit Jan. 16 Halborn Manufacturing Co. completed the following transactions during 2018: (Click the icon to view the transactions.) Read the requirements. Feb. 15: Paid the cash dividends. Date Accounts and Explanation Debit Credit Feb. 15 TI TII Jun. 10: Split common stock 2-for-1. Date Accounts xpl Debit Credit 5 Jun. 10 CHILL III III III III Halborn Manufacturing Co. completed the following transactions during 2018: A (Click the icon to view the transactions.) Read the requirements. Jul. 30: Declared a 40% stock dividend on the common stock. The market value of the common stock was $12 per share. Date Aqcounts and Explanation Debit Credit Jul. 30 11 11 II Aug. 15: Distributed the stock dividend. Date Accounts and Explana Debit Credit Aug. 15 // / / / IN / Oct. 26: Purchased 8,000 shares of treasury stock at $9 per share. Date Accounts and Explanation Debit Credit Oct. 26 Nov. 8: Sold 4,000 shares of treasury stock for $10 per share. Date Accounts and Explanation | Debit Credit Nov. 8 Nov. 30: Sold 1,400 shares of treasury stock for $5 per share. Jan. 16: Declared a cash dividend on the 5%, $99 par noncumulative preferred stock (1,100 shares outstanding). Declare a $0.30 per share dividend on the 90,000 shares of $4 par value common stock outstanding. The date of record is Januar 31, and the payment date is February 15. Date Accounts and Explanation Debit Credit Jan. 16 No entry required Cash Cash Dividends Common Stock-$4 Par Value Common Stock Dividend Distributable Feb. 15: Paid the Dividends Payable-Common Dividends PayablePreferred Date Paid-In Capital from Treasury Stock Transactions Feb. 15 Paid-In Capital in Excess of Par-Common Paid-In Capital in Excess of Par-Preferred Preferred Stock-$99 Par Value Retained Earnings Choose from any Stock Dividends Treasury Stock-Common Debit Credit ue to the next question. Requirement 2. Prepare the Halborn's stockholders equity section of the balance sheet as of December 31, 2018. Assume that Halborn was authorized to issue 2,400 shares of preferred stock and 300,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2018, is $1,090,000. (Use parentheses or a minus sign for amounts to be subtracted.) Halborn Manufacturing, Co. Balance Sheet (Partial) December 31, 2018 Stockholders' Equity Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity Read the requirements. Requirement 2. Prepare the Halborn's stockholders 'equity section of the balance sheet as of December 31, 2018. Assume that Halbom was authorized to issue 2,400 shares of preferred stock and 300,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2018, is $1,090,000. (Use parentheses or a minus sign for amounts to be subtracted.) Halborn Manufacturing, Co. Balance Sheet (Partial) December 31, 2018 Stockholders' Equity Paid-In Capital: Common Stock-$2 Par Value; Common Stock-$4 Par Value; Paid-In Capital in Excess of Par-Common Paid-In Capital in Excess of Par-Preferred Preferred Stock-5%, $99 Par Value; Retained Earnings Treasury Stock-Common Halborn Manufacturing, Co. Balance Sheet (Partial) December 31, 2018 Stockholders' Equity Paid-In Capital: Total Paid shares at cost shares authorized shares issued shares issued and outstanding shares outstanding Total Stockholders' Equity