Journal entry worksheet Record the reissue of 2,500 shares of the treasury stock for $21 cash per share. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. Journal entry worksheet Record the declaration of a cash dividend of $2 per share. Note: Enter debits before credits. Journal entry worksheet Record the reissue of 2,500 shares of the treasury stock for $29 cash per share. Note: Enter debits before gredits. Journal entry worksheet 567 Record the declaration of a cash dividend of $2 per share. Note: Enter debits before credits. Journal entry worksheet 12345 Record the payment of the cash dividend. Note: Enter debits before credits. Journal entry worksheet 1 2 3 5 6 7 Record the entry to close the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Note: Enter debits before credits. Journal entry worksheet 5 Record the payment of the cash dividend. Note: Enter debits before credits: Complete this question by entering your answers in the tabs below. Prepare a statement of retained eamings for the current year ended December 31. Note: Amounts to be deducted should be indicated by a minus sign. Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. Comon stock-520 par value, 100 , eed shares authorized, 55 , 000 shares issued and outstanding Paid-in capital in excess of par value, conon stock Retained earnings Total stockholders': equity During the current year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5 , e0e shares of its own stock at 525 cash per share, January: 5 Directors declared a $2 per share cash dividend payable on February 28 to the Pebruary 5 stockholders of record. Febcuary 28 paid the divisend declared on January 5. July 6 Sold 2,5e of its treasury shares at $29 cash per share. August 22 sold 2 , see of its treasury shares at $21 cash por share. Septienber 5 Directors declared a $2 per share cash dividend payable on October 28 to the 5 eptenber 25 stockholders of record. october 28 paid the dividend declared on september 5. December 31 closed the 5388 , eed credit balance (fros net income) in the Incone Sumary account to iletained Earnings. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of rerained earnings for the current year ended December 31. 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year Prepare joumal entries to record each of these transactions. Journal entry worksheet 2 3 4 5 6. 8 Record the purchase of 5,000 shares of its own common stock for $25 cash per share. Noles t niter debils before oredits
