On January 1,2022, Primo Corporation had the following stockholders' equity accounts. During the year, the following transactions occurred. Jan. 15 Declared a \$1 cash dividend per share to stockholders of record on January 31, parpble February 15. Feb. 15 Paid the dividend declared in January. Ape. 15 Declared a 10\% stock dividend to stockholders of record on April 30 , distributable May 15 . On Aprit 15, the macket price of the stock was $14 per stare. May 15 Issued the shares for the stock dividend. July 1 Announced a 2 -for-1 stock split. The market price per share prior to the announcement was \$15. (The new par value is \$5) Dec-1 Declsred a $0.60 per share cash dividend to stockholders of record on December 15, paysbie Jantary 10, 2023 Dec 31 Determined that net income for the year was $250,000. entered Do not indent manually lif no entry is required, select "No Entry" for the account tities ond erter Ofor the amounts.] Question 6 of 6 (To dose cash dividends) (To cose stock dividends) Question 6 of 6 (To dose cash dividends) I (To dose stock dividends) (To close net income) eTextbook and Media List of Accounts soveforbier previous questiony Question 6 of 6 Retained Earnings Date Explanation Ref: Debit Credit Dalance Balance Cash dividends Stock dividends. Net income Cash Dividendis Date Explanation Ref. Debit Credit Balance Stock Dividends Date Fralanatina nat. Bahit cractit nalaniza Chapter 11 Homework Question 6 of 6 Stock Dividends Date Explination Ref. Debit Credit Balance Common Stock Dividends Distributable Date Explanation Ref: Debit Crodit Batance eTextbook and Media Wht of Accounts sinetor bater Condel Lpethy - Web Fat Daals - itrihereln. Mylituer - Watch Dashoeary Chapter 11 Homework Question 6 of 6 Accounts Payable Accounts Recelvable Accumulated Depreciation Accumutated Depreciation-Buildings Accumulated Depreciation-Equipment Accuimulated Other Comprethensive Loss Allowance for Doubtul Accounts Bud Debt Expense Baildings Cash Cath Dividends Common Olvidends Payable Commin Stock Common Stoch Dividends Distributatile Cost of Goods sold Depreciation Exproie Dividerite Chapter 11 Homernork Depreciation Expense Dividends Dividends Payable Equipment Gain on Sale of Stock tricome Summary Income Tax Expense tivcoric Tanes Payable insurancie Expense interest Expense Interest Payabie triventocy Land tonson tisposat of Plant Assets No Entry Operatine Fxpensen Chapter 11 Homework Operating Expenses Organization Expense Other Operating Expenses Paid-in Capital from Treasury Stock Paid-in Caphtal in Excess of Par. Common Stock Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of 5tated Value-Common Stock Patents Preferred Dividends Payable Preferted Stock Prepald Expenses Prepaid Insurance Protestionalfees: Retained Earning: Salarienand Wakes Exense Sale Revenue Enter the beginnirg balances, and post the entries to the stockholders' equity arcounts (Note Open additional stock holders' equiry accour previous eutetion)
