Need T accounts and journal entries!! Thank you!

Instructions Morrow Enterprises Inc, manufactures bathroom fxtures. The stockholders equity accounts of Monow Enterprises Inc, with balances on January 1, 2015, w $7,500,000 Common Stock, $20 stated value (500.000 shares authorized 375,000 shares issued) Paid-In Capital in Excess of Stated Viilue-Common Stock 825,000 Retained Earings 33.000.000 Treasury Stock (25,000 shares, at a cost of $18 per share) 450,000 The following selected transactions occurred during the year 22 Paid cash dividends of $0.00 per share on the common stock. The dividend had been property recorded when declared on December 1 of the preceding facal year for $25.000 Apri 10 Issued 75,000 shares of common stock for $24 per share Jun Sold all of the treasury stock for $20 per share M 5 Declared a 4% dividend on common stock, to be capitalized at the market price of the stock which is $25 per share Aug. 15 issued the certificates for the dividend declared on July Now. 23 Purchased 30,000 shares of treasury stock for $19 per share Dec 20 Declared a $0.10-per-share dividend on common stock 31 Closed the two dividends accounts to Retained Eamings Required: NOV 23 Purchased 30,000 shares of treasury stock for $19 per share Declared a $0.10-per-share dividend on common stock. Dec 28 31 Closed the two dividends accounts to Retained Eamings. Required: a. Enter the January 1 balances in T accounts for the stockholders' equity accounts listed. Also prepare T accounts for the following: Paid in Capital from Sale of Treasury Stock; Stock Dividends Distributable; Stock Dividends Cash Dividends b. Journalize the entries to record the transactions and post to the eight selected accounts. No post ref is required in the journal. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered c. Prepare a retained earnings statement for the year ended December 31, 2015. Assume that Morrow Enterprises had net income for the year ended December 31, 20YS, of $1,125,000. Be sure to complete the statement heading. Refer to the chart of accounts and the list of Labels and Amount Descriptions for the exact wording of text entries. A decrease to retained egmings should be entered as a negative amount d. Prepare the Stockholders' Equity section of the December 31, 2018, balance sheet. Refer to the chart of accounts and the lists of Labels and Amount Descriptions for the exact wording of text entries. For those boxes in which you must enter asubtractive or negative numbers, use a minus sign Check My Work All work saved. Email Instructor MacBook Pro Previous Next Save and Exit Submit Assignment for Grading