Journalize the transactions. (Include entries to close net income and dividends to Retained Earnings.) (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to O decimal places, e.g. 5,275.) Date Account Titles and Explanation Credit Debit Feb. 1 Cash 30000 20000 Common Stock 10000 Paid-in Capital in Excess of Stated Value-Commor Mar. 20 |Treasury Stock 8000 8000 Cash 21000 Oct. 1 Cash Dividends 21000 Dividends Payable 21000 Nov. 1 #1 Dividends Payable Cash 21000 174300 Dec. 1 #1 Cash Dividends Dividends Payable 174300 280400 Dec. 31 | |Income Summary 280400 Retained Earnings (To record net income) Dec. 31 | Retained Earnings Cash Dividends (To close cash dividends) 174300 Dec. 31Dividends Payable 174300 Cash To record payment of cash dividends payable) (b) Enter the beginning balances in the accounts and post the journal entries to the stockholders' equity accounts. (Post entries in the order of journal entries posted in the previous part. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount. Preferred Stock 1/1 Bal. 300000 Common Stock 20000 1/1 Bal.1000000 Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Cash Dividends Treasury Stock SHOW LIST OF ACCOUNTS