Kimmel, Financial Accounting, 8e Help I S CALCULATOR PRINTER VERSION BACK NE Problem 11-2A (Part Level Submission) The stockholders' equity accounts of Culver Corporation on January 1, 2017, were as follows. Preferred Stock (696, $100 par noncumulative, 5,000 shares authorized) Common Stock ($4 stated value, 300,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings. Treasury Stock (5,000 common shares) $300,000 1,000,000 15,000 480,000 694,500 40,000 Ouring 2017, the corporation had the following transactions and events pertaining to its s Feb. 1 Issued 5,000 shares of common stock for $35,000 Mar. 20 Oct. 1 Nov. 1 Dec. 1 Dec. 31 Purchased 1,000 additional shares of common treasury stock at $9 per share. Declared a 6% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1. Declared a $0.85 per share Determined that net income for the year was $276,400. Paid the dividend declared on December 1. cash dividend to common stockholders of record on December 15, payable December 31, 2017 Journalize the transactions. (Include entries to close net income and dividends to Retained Earnings.) (Record entries in the order displa in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. I 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.) Credit Debit Date Account Titles and Explanation Kimmel, Financial Accounting, 8e HelR I System Announcements CALCULATOR PRINTER VERSION BACK Date Account Titles and Explanation Debit Credit (To record net income) Zhen -1Checker Proofr... Welcome to ASSIST B. Resort Silver Lega. Kimmel, Financial Accounting, 8e CALCULATOR PRINTER VERSION BACK ING To record net income) (To close cash dividends) (To record payment of cash dividends payable) SHOW LIST OF ACCOUNTS VIDEO: SIMILAR PROBLEM LINK TO TEXT LINK TO TEXT LINK TO TEXT SUBMIT ANSWER SAVE FOR LATER Attempts: 0 of 15 used