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Envelopes Labels Start Mail Select Edit Merge - Recipients Recipient List Start Mail Merge Highlight Address Greeting Insert Merge Merge Fields Black Line Field - e pdate Labels Prev Results Chede tot Preview Results Create Write & Insert Fields Finish Problem #2: On January 1, 2019, selected financial data of CK includes the following account balances Shareholders' Equity: January 1, 2019 Contributed Capital: Common Stock ($1 par) $ 10,000 APIC $ 80.000 Total Contribute Capital $ 90,000 Retained Earnings $ 45,100 Total Shareholders' Equity $135,100 January Transactions: January 2: Issue an additional 2,000 shares of $1 par value common stock for $40,000. January 12: Purchase 1,000 share of treasury stock for $18 per share January 29: Declare a cash dividend of $0.30 per share to all shares outstanding on January 29. The dividend is payable on February 15 (Hint: Ck had 10,000 shares outstanding on January 1, 2019 and dividends are not paid on treasury stock). January 30: Resell 600 shares of treasury stock for $20 per share. Required: a) Prepare the journal entries for the above transactions. b) How are dividends and dividends payable reported in the financial statements prepared at January 31? Journalize the transactions. c) Prepare the January 31" stockholders' equity section of the balance sheet, assuming the company had net income of $21,400 for January. a) Journal Entries: Accounts Debit Credit Jan 21 668 words DE Type here to search ABC Envelopes Labels BA E A Start Mail Select Merge. Recipients. Recipient List Start Mail Merge Edit Rules Match Fields Highlight Address Greeting Insert Merger Merge Fields Block Line Field Update Labels Preview Results Create Checkor Preview Results Write & Insert Fields a) Journal Entries: Accounts Jan 2 Debit Credit Jan 12 Jan 29 Jan 30 January 31, 2019 Shareholders' Equity: Contributed Capital: Common Stock APIC Total Contributed Capital Retained Earnings Treasury Stock Total Shareholders' Equity Type here to search