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On January 1, 2020. Agassi Corporation had the following stockholders' equity accounts. Common Stock ($10 par value, 60,000 shares issued and outstanding) Paid-in Capital in
On January 1, 2020. Agassi Corporation had the following stockholders' equity accounts. Common Stock ($10 par value, 60,000 shares issued and outstanding) Paid-in Capital in Excess of Par Common Stock Retained Earnings $400,000 504.000 422.000 During 2020, the following transactions occurred. Jan. 15 Apr 15 Na 15 Nov. 15 Dec Declared and paida $1.05 cash dividend per share to stockholders. Declared and paid a 10% stack dividend. The market price of the stock was $14 per share. Rexquired 2.200common shares at a market price of $id per share. Reissued 1100 shares held in treasury at a price of $10 per share. Determined that net income for the year was $363.000 Journalize the above transactions. Include entries to close net income to Retained Earnings. Crect account fbles are Gertgenatically inderted when the amount is entered. Do not indent manually. If no entry is required, select "No Erary for the decount Hiles ardenter o for the amounts.) Debit Account Titles and Explanation Date Credit 1
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