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Kohler Corporation reports the following components of stockholders' equity at December 31, 2019. During 2020, the following transactions affected its stockholders' equity accounts. January 2
Kohler Corporation reports the following components of stockholders' equity at December 31, 2019. During 2020, the following transactions affected its stockholders' equity accounts. January 2 Purchased 4,000 tharen of its ovn stock at $20 cash per share. Jankary 5 pirectors declared a $2 per share cash dividend payable on February 28 to the rebruary 5 atockholdere of record. February 2 al Paid the dividend declared on January 5. July 6 sold 1,500 of itn treasury sharen at $24 cash per ahare. Aagunt 22 5old 2,500 of its treasury aharen at 517 canh per share. Beptember 5 birectore deelared a $2 per share canh dividend payable on Ootober 28 to the septeaber 25 atockholdern of record. october 28 Faid the dividend declared on theptember 5 . December 32 closed the $385,000 oredit balance (from net ineone) in the tneose thamary account to Retained Rarningll. 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 . Journal entry worksheet 4 5 8 7 8 Record the purchase of 4,000 shares of its own common stock for $20 cash per share. Nutei Enter debifs before crealits. View transectian list Record the declaration of a cash dividend of $2 per share. None: Enter debits before credits. \begin{tabular}{|c|c|c|c|c|} \hline Bate & General Jaurnal & Dehil & Credit \\ \hline January os & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular} Clear entry View general journal Required 2? Journal entry worksheet Prepare journal entries to record each of these transactions. Journal entry worksheet Record the reissue of 1,500 shares of the treasury stock for $24 cash per share. Wote: Inter denets before credits. Prepare joumal entries to recond each of these transactions. Journal entry worksheet Record the reissue of 2,500 shares of the treasury stock for $17 cash per share. Note: Intnr frtits betore creats: Prepare journal entries to recond each of these transactions-4 Journal entry worksheet
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