Nov. 30: Sold 1,600 shares of treasury stock for $7 per share. Startbom Manufacturing Co. completed the following transactions during 2016 0 click the icon to view the transactions. Date Accounts and Explanation Debit Credit Nov. 30 1. Record the transactions in Starom's general journal. 2. Prepare the starter's stockholders' equity section of the balance sheet as of December 31, 2016. Assume that startboom was authorized to issue 2,600 shares of preferred stock and 300,000 shares of common stock. Both preferred stock and common stock were issued a par. The ending balance of retained earnings as of December 312016, is $2,000,000 Requirement 1. Record the transactions in Startoons general purnal Record debies first, then credits. Select the explanation he last line of the journal entry table. If no entry is required, select "No entry required on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Jan. 16: Declared a cash dividend on the 8%, $105 par noncumulative preferred stock (1,000 shares outstanding Declared a B0.55 per share dividend on the 80,000 shares of 52 par value common stock outstanding. The date of record is January 31, an equirement 2. Prepare the Starbons stockholders' equity section of the balance sheet as of December 31, 2016. Assume tha he payment date is February 15. Starborn was authorized to issue 2,600 shares of preferred stock and 300,000 shares of common stock. Both preferred stock an tommon stock were issued at par. The ending balance of retained earnings as of December 31, 2016, is $2,090,000 (Use Accounts and Explanation Debit Credit parentheses or a minus sign for amounts to be subtracted.) A screen shot 20 10-Q4 at 7.54.51 PM or a Q & Starborn Manufacturing, Co. Balance Sheet (Partial) 2017 December 31, 2016 Stockholders' Equity Paid-in capital Jan. 16 Declared a cash dividend on the 6%, 105 par noncumulative preferred stock (1,000 shares outstanding) Declared a $0.55 per share dividend on the 80000 shares of $2 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Feb. 15 Paid the cash dividends. Jun. 10 Split common stock 2-for1. Jul30 Declared a 30% stock dividend on the common stock. The market value of the common stock was $8 per share . Aug. 15 Distributed the stock dividend. Oct. 26 Purchased 5,400 shares of treasury stock at $11 per share. No. 8 Sold 2,700 shares of treasury stock for $13 per share. 30 Sold 1,600 shares of treasury stock for $7 per share. 2017. O Total paid-in capital 2012 Total Stockholders' Equity Nov. 30: Sold 1,600 shares of treasury stock for $7 per share. Startbom Manufacturing Co. completed the following transactions during 2016 0 click the icon to view the transactions. Date Accounts and Explanation Debit Credit Nov. 30 1. Record the transactions in Starom's general journal. 2. Prepare the starter's stockholders' equity section of the balance sheet as of December 31, 2016. Assume that startboom was authorized to issue 2,600 shares of preferred stock and 300,000 shares of common stock. Both preferred stock and common stock were issued a par. The ending balance of retained earnings as of December 312016, is $2,000,000 Requirement 1. Record the transactions in Startoons general purnal Record debies first, then credits. Select the explanation he last line of the journal entry table. If no entry is required, select "No entry required on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Jan. 16: Declared a cash dividend on the 8%, $105 par noncumulative preferred stock (1,000 shares outstanding Declared a B0.55 per share dividend on the 80,000 shares of 52 par value common stock outstanding. The date of record is January 31, an equirement 2. Prepare the Starbons stockholders' equity section of the balance sheet as of December 31, 2016. Assume tha he payment date is February 15. Starborn was authorized to issue 2,600 shares of preferred stock and 300,000 shares of common stock. Both preferred stock an tommon stock were issued at par. The ending balance of retained earnings as of December 31, 2016, is $2,090,000 (Use Accounts and Explanation Debit Credit parentheses or a minus sign for amounts to be subtracted.) A screen shot 20 10-Q4 at 7.54.51 PM or a Q & Starborn Manufacturing, Co. Balance Sheet (Partial) 2017 December 31, 2016 Stockholders' Equity Paid-in capital Jan. 16 Declared a cash dividend on the 6%, 105 par noncumulative preferred stock (1,000 shares outstanding) Declared a $0.55 per share dividend on the 80000 shares of $2 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Feb. 15 Paid the cash dividends. Jun. 10 Split common stock 2-for1. Jul30 Declared a 30% stock dividend on the common stock. The market value of the common stock was $8 per share . Aug. 15 Distributed the stock dividend. Oct. 26 Purchased 5,400 shares of treasury stock at $11 per share. No. 8 Sold 2,700 shares of treasury stock for $13 per share. 30 Sold 1,600 shares of treasury stock for $7 per share. 2017. O Total paid-in capital 2012 Total Stockholders' Equity