Halborn Manufacturing Co. completed the following transactions during 2018.

Requirement 1: Record the transaction in Halborns general journal (Record debits first then credits. Select the explination on the last line of the journal entry table. If no entry is required, select No entry required on the first line of Accounts and Explanation column and leave the remaining cells blank.)

January 16: Declared a cash divivdend on the 5%, $105 par noncumlative preferred stock (900 shares outstanding). Declared a $0.30 per share dividend on the 80,000 shares of $8 par value common stock outstanding m. The date of record is January 31, and the payment date is Febuary 15.

Account options:

Explination options:

Requirement 2: Prepare the Halborns stockholders equity section of the balance sheet as of December 31,2018. Assume the Hallborn was authorized to issue 2,200 shares of preferred stock and 400,000 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 $2,090,000. (Use parentheses or a minus sign for amounts to be subtracted)

Options for balance sheet:

i Requirements 1. Record the transactions in Halborn's general journal 2. Prepare the Halborn's stockholders' equity section of the balance sheet as of December 31, 2018. Assume that Halbon was authorized to issue 2,200 shares of preferred stock and 400,000 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 $2,090,000 Jan. 16 Declared a cash dividend on the 5%, $105 par noncumulative preferred stock (900 shares outstanding) Declared a so 30 per Date Accounts and Explanation Debit Credit Jan. 16 Feb. 15: Paid the cash dividends. Date Accounts and Explanation Debit Credit Feb. 15 Jun. 10: Split common stock 2-for-1 Date Accounts and Explanation Debit Credit Jun. 10 Jul 30 Declared a 50% stock dvidend on the common stock. The market value of the common stock was S 10 per share. Date Accounts and Explanation Debit Credit Jul. 30 Aug. 15: Distributed the stock dividend. Debit Credit Date Accounts and Explanation Aug. 15 Oct. 26: Purchased 8,000 shares of treasury stock at 59 per share Date Accounts and Explanation Debit Credit Oct. 26 Nov. 8: Sold 4,000 shares of treasury stock for $10 per share. Debit Credit Date Accounts and Explanation Nov. 8 Nov. 30: Sold 1,400 shares of treasury stock for $5 per share Accounts and Explanation Debit Crei Date Nov. 30 No entry required Cash Cash Dividends Common Stock $4 Par Value Common Stock Dividend Distributable Dividends Payable-Common Dividends Payable-Preferred Paid-In Capital from Treasury Stock Transactions Paid-In Capital in Excess of Par-Common Paid-In Capital in Excess of Par-Preferred Preferred Stock-$105 Par Value Retained Eamings Stock Dividends Treasury Stock-Common Declared a 50% stock dividend. Declared a cash dividend. Issued 50% stock dividend. Issued common stock for cash. Issued preferred stock for cash. Paid cash dividend. Purchased treasury stock Sold treasury stock above cost. Sold treasury stock at cost D Sold treasury stock below cost Requirement 2. Prepare the Halborn's stockholders' equity section of the balance sheet as of December 31, 2018. Assume that H earmings as of December 31, 2018, is $2,090,000. (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 Requirement 2. Prepare the Halbom's stockholders' equity section of the balance sheet as of December 31, 2018. Assume that Ha earnings as of December 31, 2018, is $2,090,000. (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-$4 Par Value Common Stock-$8 Par Value Paid-In Capital in Excess of Par Common Paid-In Capital in Excess of Par-Preferred Preferred Stock-5%, $105 Par Value; Retained Earnings Treasury Stock-Common Requirement 2. Prepare the Halborn's stockholders' equity section of the balance sheet as of December 31, 2018. Assume that Halbor eanings as of December 31, 2018, is $2,090,000. (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 shares at cost, shares authorized shares issued shares issued and outstanding. shares outstanding Total Paid-In Capital Total Stockholders Equity