Homework: Chapter 13 Homework Save Score: 0 of 25 pts 1 2 of 5 (1 complete) HW Score: 0%, 0 of 100 pts X PF13-42A (similar to) Question Help Halbom Manufacturing Co. completed the following transactions during 2024: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record the transactions in Halborn's general joumal. (Record debits first, then credits. Select the explanation on the last line of the joumal 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 cells blank.) Jan. 16: Declared a cash dividend on the 5%, $99 par noncumulative preferred stock (1,100 shares outstanding), Declared a $0.25 per share dividend on the 105,000 shares of $10 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Date Accounts and Explanation Debit Credit - i More Info Jan. 16 5445 Dividends PayablePreferred Dividends PayableCommon 26250 Cash Dividends 31695 Jan. 18 Declared a cash dividend on the 5%, $99 par noncumulative preferred stock (1,100 shares outstanding). Declared a $0.25 per share dividend on the 105,000 shares of $10 par value common stock outstanding. The date of record is January 31, and the payment date is February 15 Paid the cash dividends Feb. 15 Jun. 10 Split common stock 2-for-1 Jul. 30 Requirements Declared a 30% stock dividend on the common stock. The market value of the common stock was $12 per share. Aug. 15 Distributed the stock dividend. Oct. 26 Purchased 8,000 shares of treasury stock at $9 per share. Nov. 8 Sold 4,000 shares of treasury stock for $10 per share. Sold 1,400 shares of treasury stock for $5 per share. 5 . Nov. 30 Choose from any list or enter any 1. Record the transactions in Halbom's general joumal 2. Prepare the Halbom's stockholders' equity section of the balance sheet as of December 31, 2024. Assume that Halborn was authorized to issue 2,200 shares of preferred stock and 300,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained eamings as of December 31, 2024, Is $2,030,000. 8 pants remaining Print Done