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I only need this part The equity sections for Delray Group at the beginning of the year (January 1) and end of the year (December
I only need this part
The equity sections for Delray Group at the beginning of the year (January 1) and end of the year (December 31) Ioliow. Common 5tock-\$8 par value, 120,060 shares authorized, 50,660 shares issued and outstanding Stockhoiders. Equity Glansany 1) Retain-in capital in excess of par. value, common stock Total stockholders' equity Common stock- $8 par value, 120,000 shares authorized, 58,800 shares issued, 6,000 shares in treasury 5tockholders' Equity (Deccmber 31) Paid-in copital in excess of par value, comon stock lietalned earnings ( $96,000 restricted by treasury stock) Less cost of treasury stock rotal stockholders' equity The following transactions and events affected its equity during the year January 5 Declared a $0.80 per share cash dividend, payable on January 10. Harch 20 Purchased treasury stock for cash. April 5 Declared a \$0.80 per share cash dividend, payable on Aphil 10. July 5 Declared a $0.80 per share cash dividend, payable on July 10. July 31 Declared a 20K stock dividend when the stock's market value uas 518 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0,80 per share cash dividend, date of record October 10. Renuirament General General Trial Ralanre Cash Gtnrk Rividend Close income summary to retained earnings. Note: Enter debits before credits Step by Step Solution
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