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Hello I need help with doing the journal entries Module 7.2: Ch 11 Homework 0 Saved Help Save& Exit Submit 3 6.68 points Skipped References

Hello I need help with doing the journal entries

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Module 7.2: Ch 11 Homework 0 Saved Help Save& Exit Submit 3 6.68 points Skipped References Mc Graw Hill Education GL1101 - Based on Problem 11-2A LO C3, P2, P3 Zephyr Company reports the following components of stockholders' equity on December 31, 2016: Common stock$10 par value, 120,000 shares authorized, 50,000 shares issued and outstanding $500,000 Paidin capital in excess of par value, common stock 75,000 Retained earnings 410,000 Total stockholders' equity $985,000 In year 2017, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 5,000 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 $407,000 credit balance (from net income) in the Income Summary account to Retained Earnings. General General Statement of Stockholders Impact on Requrrement Journal Ledger Trial Balance RE Equity Equity In year 2017, the following transactions affected its stockholders equity accounts. Prepare the necessary jt entry is required, select "No journal entry required" in the first input box. View transaction list Journal entrv worksheet

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