On problem 12-4A I was wondering how to do the steps in the instructions this is what I have so far from journalizing. Problem 12-4A Jan. 10 Land 100,000 Donated Capital 100,000 Recorded land donated 30 Cash Dividends Payable 76,000 Cash 76,000 Feb. 19 Cash 350,000 Common Stock 350,000 1-Apr Cash 140,000 Treasury Stock 120,000 Paid in capital @ excess of par 20,000 1-Jul Stock Dividends 197,400 Stock dividends distributable 103,400 Paid in capital in excess of Par common stock 94,000 Aug. 11 Stock dividends distributable 103,400 Common Stock 103,400 Oct. 20 Treasury stock 285,000 Cash 285,000 Paid @ 38 Dec. 27 Cash Dividends 77,850 Cash Dividends Payable 77,850 31 Income summary 369,400 Retained earnings 369,400 31 Retained earnings 179,400 Cash dividend 76,000 Stock dividend 103,400 To report closing dividend accounts to retained earnings January 1 T-accounts Debit Credit Income Summary Retained Earnings