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On January 1 , 2 0 2 2 , Brady & Co , had the following stockholders equity accounts:Common Stock ( 5 0 0 ,

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On January 1,2022, Brady & Co, had the following stockholders equity accounts:Common Stock (500,000 shares outstanding)Paid in capital in excess of par-common stockRetained EarningsDuring 2022, the following transactions occurred:1-Mar Declared a cash dividend of $.30 per share to shareholders of record on March 15th, payable on April 1.1-Apr Paid the cash dividend1-Jun Announced a 2 for 1 stock split. Prior to the split the market price per share was $2215-Jul Declared a 10% stock dividend to stockholders of record on August 1st, distributable on August 15th.The market price of the stock on July 15th was $18 per share15-Aug Issued the shares for the stock dividend1-Dec Declared a $1.25 per share dividend to stockholders of record on December 15th, payable on January 1st.31-Dec Determined that net income for the vear was $6500.0001-Jan-22$5.000.0004,500,00017.250.000$26,750,00031-Dec-22Journalize all the transctions and closing entries for the net income, cash dividends and stock dividendComplete the stockholders equity section at December 31,2022Problem 4
15 On January 1,2022, Brady & Co, had the following stockholders equity accounts:
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