Jan 2- purchases 4,000 shares of its own stock at $15 cash per share

Jan 5- directors declared a $4 per share cash dividends payable on Feb 28 to the Feb 5 stockholders of record

Feb 28- paid the dividends declared on Jan 5

July 6- sold 1,500 of its treasury shares at $19 cash per share

Aug 22- sold 2,500 of its treasury shares at $12 cash per share

Sept 5- directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record

Oct 28- paid the dividends declared on September 5

Dec 31- closed the $368,000 credit balance (from net income) in the income summary account to retained earnings

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Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 Comon stock-$15 par value, 100,000 shares authorised, 45,000 shares issued and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity 5 675,000 0,000 370.000 $1,125,000 During 2019, the following transactions affected its stockholders' equity accounts Jan. 2 Purchased 4,000 shares of its own stock at 515 cash per share 5 Directors declared a 54 per share cash dividend ble on February 28 to the February 5 stockholders of record. Feb. 25 Paid the dividend declared on January 3. July 6 Sold 1,500 of its treasury shares at $10 cainer and 22 Sold 2,500 of its treasury shares at 312 cacher where Sept. 5 Directors declared 14 per share cash dividend Dale on octor 23 to the September 25 stockholders of record Oct. 26 Paid the dividend declared on September 5. Dec 31 Closed the $360,000 credit balance front et non in the income Suary account to Retained tarings. No Debit Credit Date Jan 02 1 General Journal Treasury stock. Common Cash 80.000 60,000 2 Jan 05 Retained earnings Common dividend payable SO Focus Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. common stock 515 par value, 180,000 shares authorized, 45, eee shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 675,000 8e, eee 37e eee $1,125,000 During 2019, the following transactions affected its stockholders' equity accounts. Dan. Jan. Feb. July Aug Sept: Oct. Dec 2 Purchased 4,000 shares of its own stock at $15 cash per share. s Directors declared a 54 per share cash dividend payable on February 28 to the February 5 stockholders of record. 28 Paid the dividend declared on Jan ry 5. 6 Sold 1,500 of its treasury shares at $19 cash per share. 22 Sold 2,500 of its treasury shares at $12 cash per share. 5 Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. 28 Paid the dividend declared on September 5. 31 Closed the $368,000 credit balance (fron net income) in the Income Suntary account to Retained Earnings. Ho Date Doble Credit Jan 02 General Journal Treasury stock, Common Cash 60,000 60,000 2 Jan 05 Retained earnings Common dividend payable 3 Feb 28 Common dividend payable Cash 4 Jul 06 28,500 Cash Treasury stock, Common Paid-in capital, Treasury stock 00 5 Aug 22 30.000 Cash Paid-in capital, Treasury stock Retained earnings Treasury stock Common SOOS 6 Sep 05 Retained earnings Common dividend payable 7 Oct 28 Common dividend payable Cash 8 Dec 31 368,000 Income summary Retained earnings $ 368,000 KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2019 Common stock - $15 par value Paid-in capital in excess of par value, common stock Total contributed capital Retained earnings Total stockholders' equity IS 0 0 KOHLER CORPORATION Statement of Retained Earnings For Year Ended December 31, 2019 Beginning retained earnings $ 370,000 Add: Net income 368,000 738,000 Less: Cash dividends declared Less: Treasury stock reissuances Ending retained earnings S 738,000