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Help please. Put in table format if possible, thank you. Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$10
Help please. Put in table format if possible, thank you.
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$10 par value, 100,000 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 450,000 70,000 370,000 $ 890,000 During 2019, the following transactions affected its stockholders' equity accounts. Jan. Jan. Feb. July Aug. Sept. 2 Purchased 5,500 shares of its own stock at $20 cash per share. 5 Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record. 28 Paid the dividend declared on January 5. 6 Sold 2,063 of its treasury shares at $24 cash per share. 22 Sold 3,437 of its treasury shares at $17 cash per share. 5 Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. 28 Paid the dividend declared on September 5. 31 closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Oct. Dec. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31, 2019. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019. 1 Record the purchase of 5,500 shares of its own common stock for $20 cash per share. 2 Record the declaration of a cash dividend of $4 per share. 3 Record the payment of the cash dividend. 4 Record the reissue of 2,063 shares of the treasury stock for $24 cash per share. 5 Record the reissue of 3,437 shares of the treasury stock for $17 cash per share. 6 Record the declaration of a cash dividend of $4 per share. 7 Record the payment of the cash dividend. 8 Record the entry to close the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings. KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2019 Total contributed capital 0 Total stockholders' equity $ 0 KOHLER CORPORATION Statement of Retained Earnings For Year Ended December 31, 2019 0 $ 0
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