kohler Coperation reports the following components of stockholders's equity on December,31 2013:

common stock-$10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding	400,000
paid in capital in excess of par value, common stock	60,000
Retained earnings	270,000
Total Stockholders' equity	730,000

In year 2014, the following transactions affected its stockholders equity accounts.

Jan. 01 Purchased 4,000 shares of its own stock at $20 cash per share.

Jan. 05 Directors declare $2 per share per cash dividend payable on Feb. 28 to the feb. 5 stockholders of record.

Feb. 28 Paid the dividend declared on Jan 5.

July. 06 Sold 1,500 of its treasury shares at $24 cash per share.

Aug. 22 Sold 2,500 of its treasury shares at $17 cash per share.

Sept. 05 Directors declared $2 per share cash dividend payable on October 28 to the September 25 stockholders of record.

Oct. 28 Paid the dividend declared on September 5.

Dec. 31 Closed the 388,000 credit balance(from net Income) in the Income Statement account to Retained Earnings.

1. Prepare journal entries to record each of these transactions for 2014:

Record the purchase 4,000 shares of its own common stock for $20 cash per share.

DATE	GENERAL JOURNAL	DEBIT	CREDIT
JAN 1

Record the declaration of a cash dividend of $2 per share.

DATE GENERAL JOURNAL DEBIT CREDIT JAN 5

Record the payment of the cash dividend.

DATE	GENERAL JOURNAL	DEBIT	CREDIT
FEB. 28

Record the reissue of 1,500 shares of the treasury stock for $24 cash per share.

DATE	GENERAL JOURNAL	DEBIT	CREDIT
JULY 6

Record the reissue of 2,500 shares of the treasury stock for $17 cash per share.

DATE	GENERAL JOURNAL	DEBIT	CREDIT
AUG. 22

Record the declaration of a cash dividend of $2 per share.

DATE	GENERAL JOURNAL	DEBIT	CREDIT
SEP 05

Record the payment of the cash dividend.

DATE	GENERAL JOURNAL	DEBIT	CREDIT
OCT 28

Record the transfer of the credit balance of $388,000 in the income summary account to the retained earnings account.

DATE	GENERAL JOURNAL	DEBIT	CREDIT
DEC. 31

2. Prepare a Statement of retained earnings for the year Ended Dec 31, 2014:

KOHLER CORPORATION

Statement of Retained Earnings

For Year Ended December 31, 2014.A

3. Prepare the stockholders equity section of the company's balance sheet as Dec 31, 2014:

KOHLER CORPORATION

STOCKHOLDERS' EQUITY SECTION OF THE BALANCE SHEET

DECEMBER 31, 2014

TOTAL CONTRIBUTED CAPITIAL
TOTAL STOCKHOLDERS' EQUITY