Kohler Corporation reports the following components of stockholders equity at December 31, 2019 Common stock$10 par value, 100,000 shares authorized, 45,000 shares issued and outstanding $ 450,000 Paid in capital in excess of par value, common stock 70,000 Retained earnings 460,000 Total stockholders' equity $ 980,000 During 2020, the following transactions affected its stockholders equity accounts Jan 2 Purchased 6,000 shares of its own stock at $25 cash per share Jan 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record Feb 28 Paid the dividend declared on January 5 July 6 Sold 2,250 of its treasury shares at $29 cash per share Aug 22 Sold 3,750 of its treasury shares at $22 cash per share Sept 5 Directors declared a $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 Summary account to Retained Earnings Required 1 Prepare journal entries to record each of these transactions 2 Prepare a statement of retained earnings for the year ended December 31, 2020 3 Prepare the stockholders equity section of the companys balance sheet as of December 31, 2020 Finish all the Journal Entry from Q4 to Q8 Journal entry worksheet Record the reissue of 2,250 shares of the treasury stock for $29 cash per share Note Enter debits before credits Date General Journal Debit Credit Jul 06 Cash 65,250 4,500 Treasury stock, Common Paid In capital, Treasury stock KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2020 Total contributed capital 0 Total stockholders' equity $ 0

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Kohler Corporation reports the following components of stockholders equity at December 31, 2019. Common stock$10 par value, 100,000 shares authorized, 45,000 shares issued and outstanding

Kohler Corporation reports the following components of stockholders equity at December 31, 2019.


Common stock$10 par value, 100,000 shares authorized, 45,000 shares issued and outstanding	$	450,000
Paid-in capital in excess of par value, common stock		70,000
Retained earnings		460,000
Total stockholders' equity	$	980,000

During 2020, the following transactions affected its stockholders equity accounts.

Jan.	2	Purchased 6,000 shares of its own stock at $25 cash per share.
Jan.	5	Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record.
Feb.	28	Paid the dividend declared on January 5.
July	6	Sold 2,250 of its treasury shares at $29 cash per share.
Aug.	22	Sold 3,750 of its treasury shares at $22 cash per share.
Sept.	5	Directors declared a $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 Summary account to Retained Earnings.

Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31, 2020. 3. Prepare the stockholders equity section of the companys balance sheet as of December 31, 2020.

Finish all the Journal Entry from Q4 to Q8

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Journal entry worksheet Record the reissue of 2,250 shares of the treasury stock for $29 cash per share. Note: Enter debits before credits. Date General Journal Debit Credit Jul 06 Cash 65,250 4,500 Treasury stock, Common Paid-In capital, Treasury stock KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2020 Total contributed capital 0 Total stockholders' equity $ 0