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Need help jounalizing these transactions Kimmel, Financial Accounting, 8e, Custom for University of Akron US System Announcements BACK PRINTER VERsuoN CALCULATOR Problem 11-2A (Part Level

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Kimmel, Financial Accounting, 8e, Custom for University of Akron US System Announcements BACK PRINTER VERsuoN CALCULATOR Problem 11-2A (Part Level submission) follows. The stockholders' equity accounts of Beamble Corp. on January 1, 2017, were as Preferred stock (7% $100 par nondurmulative, 5,000 shares authorizec) $300,000 1,000,000 Common Stock ($4 stated value, 300,000 shares authorized) 15,000 Paid-in Capital in Excess of Par value-preferred stock Paid-in Capital in Excess of stated value-Common Stock 688,500 Retained Earnings 40,000 Treasury Stock (5,000 common shares) During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 5,000 shares of common stock for $35,000 Mar. 20 Purchased 1,000 additional shares of common treasury stock at $8 per share. oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. December 15, payable December 3 Dec. 1 Declared a so 40 per share cash dividend to common stockholders of record on Dec. 31 Determined that net income for the year was $283,900. Paid the dividend dedared on December 1. (a) Retained Earnings.) (Record entries in th Journalize the transactions. (Include entries to close net income and dividends to amount is entered. displayed in the problem statement. Credit account titles are automatically indented when indent manually. If no is required, select "No Entry" for the account titles and enter o for the amounts. Re entry answers to o decimal places, e.g. 5,2T5.) Date Aocount Titles and Explanation

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