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how do i do this Chechem 4 GL 1101 (Algo). Based on Problem 11-2A LO C3, P2, P3 15 points Ook Reference Delray Company reports

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Chechem 4 GL 1101 (Algo). Based on Problem 11-2A LO C3, P2, P3 15 points Ook Reference Delray Company reports the following components of stockholders' equity on January 1 Connon stock-$10 par value, 120,000 shares authorised. 50,000 share ined and outstanding 5 500.000 Paid-in capital in excess of par value, common stock 75,000 Retained earnings 410.000 Total stockholders' equity $985.000 During the year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 3,000 share ita on stock at $23 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 2.500 of Ito treasury shares at $27 cash per share. August 22 Sold 2.500 of its treasury shares at $19 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the dividend declared on September 5. December 31 closed the $259,500 credit balance (from net income) in the Tacone Sunny account to Retained Tarnings. Requirement General Journal General Ledger Trial Balance Statement of Stockholders RE Equity Impact on Equity During the year, the following transactions affected its stockholders' equity accounts. Prepare the necessary Journal entries. If no journal entry is required, select "No journal entry required in the first input box nts Book January 2 Purchased 5,000 shares of its own stock at $23 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 2.500 of its treasury shares at $27 cash per share. August 22 Sold 2,500 of its treasury shares at $19 cash per share. September 6 Directore declared a $2 per share canh dividend payable on October 28 to the september 25 stockholders of record. October 28 Paid the dividend declared on September 5. December 31 Closed the $259,500 credit balance (from net income in the Income Summary account to Retained Earnings. ferences General Requirement General Statement of Stockholders Journal Trial Balance Impact on Ledger RE Equity Eque Impact on Equity Prepare the Statement of Retained Earnings for Delray Corporation for the year ended December 31 DELRAY CORPORATION Statement of Retained Earnings For Year Ended December 31 0 $ 0 record February 21 Paid the dividend declared on January 5. July 6 Sold 2,500 of its treasury shares at 527 cash per share. August 22 Sold 2.500 of its treasury shares at $19 cash per share. September 3 Dicectors declared a 67 per share cash dividend payable on October 28 to the September 25 stockholders of record October 21 Paid the dividend declared on September 3. December 31 Closed the $259,500 credit balance (from net Leone) in the Income Summary account to Retained tarnings Referentes General General Impact on Statement of Stockholders Requirement Journal Trial Balance Ledger RE Equity Equity Prepare the stockholders' equity section of Delray Corporation's balance sheet as of December 31 Dates: January 01 to: January 01 DELRAY CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 0 Total contributed capital $ 0 Total stockholders' equity balance si References Dates: January 01 to: January 01 Impact on equity Total Stockholders' Equity - January 1 January 2) Purchased 5,000 shares of its own stock at $23 cash per share. January 5) Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record February 28) Paid the dividend declared on January 5 July 6) Sold 2,500 of its treasury shares at $27 cash per share August 22) Sold 2,500 of its treasury shares at $19 cash per share September 5) Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28) Paid the dividend declared on September 5. December 31) Closed the $259,500 credit balance (from net income) in the Income Summary account to Retained Earnings

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