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Need to make a partial balance sheet aswell please On January 1, 2017, Cheyenne Corp. had these stockholders' equity accounts. Common Stock ($10 par value,

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Need to make a partial balance sheet aswell please

On January 1, 2017, Cheyenne Corp. had these stockholders' equity accounts. Common Stock ($10 par value, 68,500 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $685,000 520,500 700,000 During the year, the following transactions occurred. Jan. 15 Feb. 15 Apr. 15 May 15 Dec. 1 Dec. 31 Declared a $0.40 cash dividend per share to stockholders of record on January 31, payable February 15. Paid the dividend declared in January. Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $12 per share. Issued the shares for the stock dividend. Declared a $0.50 per share cash dividend to stockholders of record on December 15, payable January 10, 2018. Determined that net income for the year was $446,000. (a) Your answer is correct. Journalize the transactions. (Include entries to close net income and dividends to Retained Earnings.) (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Credit Debit 27400 Jan. 15 Cash Dividends > Dividends Payable T 27400 Feb. 15 Dividends Payable 27400 | Cash 27400 Apr. 15 - Stock Dividends 822001 - Common Stock Dividends Distributable T 68500 Paid-in Capital in Excess of Par Value-Common St|| T 13700 May 15 Common Stock Dividends Distributable 68500 T Common Stock T 68500 Dec. 1 Cash Dividends 376751 Dividends Payable i 37675 Dec. 31 Income Summary 446000) Retained Earnings 446000 (To close net income) Dec. 31 Retained Earnings Stock Dividends (To close stock dividends) Dec. 31 Retained Earnings (To close stock dividends) Dec. 31 Retained Earnings Cash Dividends 65075 (To close cash dividends) Click if you would like to Show Work for this question: Open Show Work Your answer is partially correct. Try again. Enter the beginning balances and post the entries to the stockholders' equity T-accounts. (Post entries in the order of journal entries posted in the previous part. For accounts that have zero ending balance, the entry should be the balance date and zero f the amount.) Common Stock Bal. 685,000 T 5/15 [ 12/31 Bal. 1 68,500 753,500 Retained Earnings 12/31D 6 5073 1/1 Bal. 700,000 1 12/31 77 446,000 7 12/31 bal. 7 na Bal. 529,50 al. Paid-in Capital in Excess of Par Value O 520,500 U U 12/31 bal. Bal. Cash Dividends 1/15 1/15 DE 12/ 17 376751171 12/31 Bal. 19 1515 6.500 'avas O 12131 Bal . v) Common Stock Dividends Distributable 68,00 U 65075 12/ 31 6 65075 55073 650751 5073 712/31 bal. = 65075 12/31 Bal. 7 Click if you would like to Show Work for this question: Open Show Work

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