Journal entry worksheet Declared a \\( \\$ 2.20 \\) per share cash dividend, payable on July 10 . Note: Enter debits before credits. Calculate the amount of retained earnings to be capitalized as a result of the stock dividend. The equily sections for Myconos Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockmolders\" Equity canuincy 11 Cominon stock-sa par value, 150, boo shares authorized, 60,000 shares issued and outstanding. Paid-in cabilal in excess of nar value, coenon stock Rntasined earning Total stociholders\" equity \\( \\begin{array}{r}37240,000 \\\\ 36,000 \\\\ 200,000 \\\\ \\hline \\$ 476,000 \\\\ \\hline\\end{array} \\) Journal entry worksheet \\( 16 stock dividend when the stock's market value was \\( \\$ 10 \\) per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a \\$2.20 per share cash dividend, date of record october 10. Journal entry worksheet Note: Enter debits before credits. ournal entry worksheet 1 7 8 Declared a \\( \\$ 2.20 \\) per share cash dividend, payable on April 10 . ote: Enter debits before credits. lolders\" Equicy (Deceeber 31) I stock-s4 par value, 150, 006 shares author1zed, \\( 6.8,600 \\) shares issued, 5,009 shares in treasury in capital in excess of par value, comen stock led oarnings (\\$40, foef restricted by treasury stock) zost of treasury stock stockholders' equity \\( \\begin{array}{r}5-275,288 \\\\ 88,868 \\\\ 360,690 \\\\ 724,090 \\\\ (40,000) \\\\ \\hline 564,000 \\\\ \\hline\\end{array} \\) Close income summary to retained earnings. Note: Enter debits before credits. Journal entry worksheet \\( \\begin{array}{llllllll}1 & \\cdots & 4 & 4 & 5 & 6 & 7\\end{array} \\) Issued the stock dividend that was declared on July 31 . Note: Enter debits before credits. Journal entry worksheet Purchased treasury stock for cash. Hint: Use information from the December 31 Stockholders' equity statement. Entry to restrict retained earnings is not required. Note: Enter debits before credits. Journal entry worksheet \\[ 1 \\] Note: Enter debits before credits. Declared a \\( \\$ 2.20 \\) per share cash dividend, date of record October 10 . Note: Enter debits before creditsi. Calculate the dollar amount of each cash dividend. Stockholders' Equity (December 31) Common stock-\\$4 par value, 150, 100 shares authorized, 68, 800 shares issued, 5,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings \\( (\\$ 40,000 \\) restricted by treasury stock) Less cost of treasury stock Total stockholders' equity Journal entry worksheet Declared a \16 stock dividend when the stock's market value is \\( \\$ 10 \\) per share. Note: Enter debits before credits. Journal entry worksheet \\begin{tabular}{l|llll} 6 & 7 & 8 & \\( \\ldots \\) \\end{tabular} Declared a \\( \\$ 2.20 \\) per share cash dividend, payable on January 10 . Note: Enter debits before credits
