How come there are retained earnings on 12/17 but not 10/15?

Journalize the following transactions of the Dot Corporation. Add formulas next to the accounts in th "explanation" area. Post to the accounts. 5.000 a 20,000-10000 120 00 Jan 2 Issued 15,000 shares of $2 par value common stock for $150,000. Common Stock Aug 5 Purchased 2,000 shares of its common stock for $15 per share for the treasury. 2.000 15 = 30,000 250, Sep 15 Sold 1,000 shares of treasury stock for $17 per share. 1000x17517,00 2 . Dec 17 Sold 1,000 treasury shares for $12 per share. 1000 X12 = 12.000 Dec 31 Issued 10,000 shares of $2 par value common stock for $20 per share, 210,00020,000 20X1OOO = 200,000 Dec 31 Closed net income of $275,000. Paid-in Capital in Exc Date Explanation & Formulas Debit Credit of PV-Common Stc 1 1/2 Cash 150.000 375 Common Stock $2 suulul 120 30,000 I 16 Paid-in Coill Commy Shah 120,00 75 Troury Stick 30,000 - Cash 130,000 Treasury Stock 1700 30,000 150 Trensure stock 1000x15 115,000 IS Pridrin Cihl Treiwen, Stock 2.02. 12/17 Cash (L, Paid in Capihl Treasury Stich 200D L Rehind Earnings Yes! 1," - Treasure Stack = same one Paid-in Capital fr 12/31 Cash 200,000 Treasury Stoc 20JD 2,000 12.04 Pe ciel.com Shock 16O, JO 12/31 Income Summary Retired Earnings 15,000 IS 12 275.000 27 de Retained Earni neareaquisition cost de sale pricelarchest) 000017= 11.000 1000 15 : 15.000 10000.2= 12.000 C15 15,000 above COUL below cost The Walton Corporation has the following stockholders' equity accounts on January 15 9% Preferred Stock, $100 par value 100,000 = 1,500 shore $ 100,000 100 (PV) Common Stock, $10 par value 1,500,000 Paid-in Capital in Excess of Par Value-Preferred 50,000 1,500,000 150.000 Paid-in Capital in Excess of Par Value-Common Retained Eamings Total Stockholders' Equity $2.350.000 200,000 V LAV) 500.000 Shares Journalize the following entries; post to the accounts, tracking number of shares also. Then prepare the Stockholders' Equity section of the balance sheet. Use the T-accounts! 2/01 5/01 8/15 9/30 10/10 10/15 10/31 12/31 Purchased 3,000 shares of common stock for the treasury at $15 per share Issued 5,000 shares of common stock at $16 per share Sold 1,000 shares of treasury stock at $18 per share Declared cash dividends of $15.000 (common & preferred stock) voolav) 97-0975 Record date for cash dividends 69 osmoes s9.000 Sold 1,000 shares of treasury stock at $13 per share Sharel dividend Paid cash dividends for es Recorded net income of $110,000 Credit Date Debit 45.00 45,000 80,000 50.000 30,000 15.000 3.000 15,000 Explanation Ref 211 Treasury Stock (3.000 15) Cash 5/ cash 1500 shares xllo FMV) Common Stock (5.000 x 10) Paid in Capital in excess PV-cs wave 8/15 Cash (1000 x 19 FMV) Treasury stock Clouo xis) Paid in Capital TS (1000x3) declare 9/30 Betaned Earnings Dividends Pauable -ps Dividends Pavade-CS(15,000-990) record Tolong transaction * 016 Cash lioon X3 FM) L Pad - in capital TS (1000x2) TS (1000 15 payment 10131/Dvidends Pausable-ps Dividends Payable- cs 6 Cash 12131 Income summany Detained Earnings 9.000 6.000 13.000 2000 15.000 19.000 ,000 15.000 wo 110.00