Kohler Corporation reports the following components of stockholders' equity on December 31,201e: Common stock-$18 par value, 1ee,eee shares authorized 55,800 shares issued and outstanding 550,808 78,000 Paid-in capital in excess of par value, common stock Retained earning:s Total stockholders' equity $1,e58,e0e In year 2017 the following transactions affected its stockholders' equity accounts. an. 1 Purchased 4,eee shares of its own stock at $20 cash per share. Jan. 5 Directors declared a 56 per share cash dividend pay Feb. 28 Paid the dividend declared on 3anuary 5 uly 6 Sold 1,see of its treasury shares at $24 cash per share Aug. 22 sold 2,5ee of its treasury shares at $17 cash per share able on February 28 to the February 5 stockholders of record s Directors declared a s6 per share cash dividend payable on October 28 to the September 25 stockholders of record. Sept. Oct. 28 Paid the dividend declared on September 5 it balance (from net income) in the Incone Summary account to Retained Earnings. Required 1. Prepare journal entries to record each of these transactions for 2017 2. Prepare a statement of retained earnings for the year ended December 31, 2017 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below. Required 2 Required 3 Required 1 Prepare journal entries to record each of these transactions for 2017, View transection list Journal entry worksheet 1. Prepare journal entries to record each of these transactions for 2017. 2. Prepare a statement of retained earnings for the year ended December 31, 2017 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 Prepare journal entries to record each of these transactions for 2017. View transaction list Journal entry worksheet es Record the purchase of 4,000 shares of its own common stock for $20 cash per share. Note: Enter debits before credits. DebitCredit Date General Journal Jan 01 Record entry Clear entry 1. Prepare journal entries to record each of these transactions for 2017 2. Prepare a statement of retained earnings for the year ended December 31, 2017 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below. Required 1 Required 2Required 3 Prepare journal entries to record each of these transactions for 2017. View transaction list Journal entry worksheet 6 7 4 8 Record the declaration of a cash dividend of $6 per share. Note: Enter debits before credits. Debit Credit Date General Journal Jan 05 Record entry Clear entry View general journal 1. Prepare journal entries to record each of these transactions for 2017 2. Prepare a statement of retained earnings for the year ended December 31, 2017 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions for 2017 View transaction list Journal entry worksheet Record the reissue of 1,500 shares of the treasury stock for $24 cash per share. Note: Enter debits before credits, Debit Credit General Journal Date Jul 06 Record entry Clear entry View 1. Prepare journal entries to record each of these transactions for 2017 2. Prepare a statement of retained earnings for the year ended December 31, 2017 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions for 2017 View transaction list Journal entry worksheet ces Record the reissue of 2,500 shares of the treasury stock for $17 cash per share. Note: Enter debits before credits Debit Credit General Journal Date Aug 22 Record entry Clear entry View general journal 1. Prepare journal entries to record each of these transactions for 2017 2. Prepare a statement of retained earnings for the year ended December 31, 2017 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions for 2017. View transaction list Journal entry worksheet 3 5 2 8 Record the declaration of a cash dividend of $6 per share. Note: Enter debits before credits Debit Credit Date General Journal Sep 05 Record entry Prepare journal entries to record each of these transactions for 2017 . Prepare a statement of retained earnings for the year ended December 31, 2017 . Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions for 2017. View transaction list Journal entry worksheet K1 2 3 4 5 7 8 Record the payment of the cash dividend. Note: Enter debits before credits. DebitCredit Date General Journal Oct 28 Record entry Clear entry 1. Prepare journal entries to record each of these transactions for 2017 2. Prepare a statement of retained earnings for the year ended December 31, 2017 3. Prepare the stockholders' equity section of the company's balance sheet as of December Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions for 2017. View transaction list Journal entry worksheet 8 Record the entry to close the income summary account having a credit balance of $388,000. Note: Enter debits before credits. Debit Credit Date General Journal Dec 31 Record entry Clear entry $1,e5e,eee Total stockholders' equity In year 2017, the following transactions affected its stockholders' equity accounts Jan. 1 Purchased 4,eee shares of its own stock at $2e cash per share. an. 5 Directors declared a $6 per share cash dividend payable on February 28 to the February 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5 uly 6 Sold 1,58e of its treasury shares at $24 cash per share. Aug. 22 Sold 2,580 of its treasury shares at $17 cash per share Sept. 5 Directors declared a $6 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 $388,888 credit balance (from net income) in the Income Summary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions for 2017 2. Prepare a statement of retained earnings for the year ended December 31, 2017 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a statement of retained earnings for the year ended December 31, 2017. (Amounts to be deducted should be indicated by a minus sign.) Statement of Retained Earnings For Year Ended December 31, 2017 Total stockholders' equity $1,e5e,0ee In year 2017, the following transactions affected its stockholders equity accounts an. 1 Purchased 4,eee shares of its own stock at $28 cash per share. 3an. 5 Directors declared a $6 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 1,5ee of its treasury shares at $24 cash per share. Aug. 22 Sold 2,588 of its treasury shares at $17 cash per share Sept. 5 Directors declared a $6 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,eee credit balance (from net income) in the Income Summary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions for 2017 2. Prepare a statement of retained earnings for the year ended December 31, 2017 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below. Required 1 Required 2Required 3 Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017. KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2017 Total contributed capital Total stockholders' equity Required 2 ed 3
