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I need help with required 1, 2 and 3. Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 Common stock-$15 par
I need help with required 1, 2 and 3.
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 Common stock-$15 par value, 180,eee shares authorized, Paid-in capital in excess of par value, connon stock Retained earnings Total stockholders' equity $ 675, eee 70,eee 430,00 $1,175,00 During 2019, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a 54 per share cash dividend payable on February 28 to the February 5 stockholders of Feb. 28 Paid the dividend declared on January 5. July 6 Sold 1,875 of its treasury shares at $19 cash per share. Aug. 22 Sold 3,125 of its treasury shares at $12 cash per share. Sept. 5 Directors declared a 54 per share cash dividend payable on October 28 to the Septenber 25 stockholders of Oct. 28 Paid the dividend declared on September Dec. 31 Closed the $388,eee credit balance (from net income) in the Income Summary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions 2. Prepare a statement of retained earnings for the year ended December 31, 2019. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019. record. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare journal entries to record each of these transactions. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 > Record the purchase of 5,000 shares of its own common stock for $15 cash Der share Required 1 Required 2 Required 3 Prepare a statement of retained earnings for the year ended December 31, 2019. (Amounts to be d indicated by a minus sign.) KOHLER CORPORATION Statement of Retained Earnings For Year End December 31, 2019 0 $ Step by Step Solution
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