**Help solve this Jul.30

Haiborn Manufacturing Co completed the following transactions during 2018 (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Halbom's general journal (Record debits first, then credils. 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 cels blank) Date Jan. 15: Declared a cash dividend on the 5%, 105 par noncumulative preferred stock (900 shares outstanding). Declared a 50.40 per share dividend on the 80,000 shares of So per value common stock outstanding. The date of record is January 31, and the payment dete is February 15. Date Accounts and Explanation Debit Credit Requirements - X Jan 16 Cash Dividends 36,725 Dividends Payable-Preferred 4.725 Dividends Payable-Common 32,000 1. Record the transactions in Habom's general journal 2. Prepare the Halbom's stockholders'oculty section of the balance sheet es of December 31, 2018. Assume that Halbern was authorized to issue 1,000 Declared e cash dividend shares of preferred stock and 400.000 shares of common stock. Both preferred stock and common stock were issued at par The ending balance Feb. 15. Paid the cash dividends. of retained earnings as of December 31, 2018, Is 52.000.000 Accounts and Explanation Debit Credit Feb. 15 Dividends PayablePreferred 4,725 * More Info Dividends Payable Common 32.000 Cash 38,725 Jan. 16 Declared a cash dividend on the 5%, $105 par noncumulative preferred stock (900 shares outstanding). Declared a $0,40 per share duidend on the 10.000 shares of Paid cash dividend S& par value common stock outstanding. The date of record is January 31, and the payment dat is February 15 Jun 10: Spit common stock 2-for-1 Feb 15 Paid the cash dividends Jun 10 Soit common stock 2-for-1. Date Accounts and Explanation Jul 30 Declared a 30% slock dividend on the cominon stock. The market value of the common stock was $12 per share Jun. 10 Aug 15 Distributed the stock dividend Oct 26 Purchased 8 000 shares of treasury stock at 59 per share. Nov. 8 Sold 4,000 shares of treasury stock for $10 per share. 30 Sold 1,400 shares of treasury stock for $5 per share. Print Done