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help with transactions and requirements Data Table Stockholders' Equity Paid-In Capital: Common Stock-$10 Par Value; 200,000 shares authorized, 26,000 shares issued and outstanding $ 260,000
help with transactions and requirements
Data Table Stockholders' Equity Paid-In Capital: Common Stock-$10 Par Value; 200,000 shares authorized, 26,000 shares issued and outstanding $ 260,000 390,000 Paid-In Capital in Excess of Par-Common Total Paid-In Capital 650,000 158,000 Retained Earnings Total Stockholders' Equity $ 808,000 Print Done More Info Feb. 6 Declared a 15% stock dividend on common stock. The market value of Collin's stock was $30 per share. 15 Distributed the stock dividend. Jul. 29 Purchased 2,100 shares of treasury stock at $30 per share. Nov. 27 Declared a $0.10 per share cash dividend on the common stock outstanding. Print Done Requirements 1. Record the transactions in the general journal. 2. Prepare a retained earnings statement for the year ended December 31, 2018. Assume Collin's net income for the year was $85,000. Prepare the stockholders' equity section of the balance sheet at December 31, 2018 Print Done Step by Step Solution
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