only the general journal was solved. please check

L-P 11-2a Optional See Instructor Oct. 28 Paid the dividend declared on September s. Dec. 31 Closed the $375, 500 credit balance (from net income) in the Incor Requirement General Ledger Thial Balance Statement of f Stodkholders Jouna Equity Prepare the Statement of Retained Earnings for Fairhaven Corporation for the year end RHAVEN CORPORATION Statement of Retained Earnings For Year Ended December 31, 2017 Prey 1 of 1Next to search 5 6 3 4. B N Dates: Jan 01 Total Stockholders' Equity- December 31, 2016 Jan. 1) Purchased 5,000 shares of its own stock at $23 cash per share Jan. 5) Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record Feb 28) Paid the dividend declared on January 5 Jul. 6) Sold 1,900 of its treasury shares at $27 cash per share Aug 22) Sold 3,100 of its treasury shares at $20 cash per share Sep. 5) Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record Oct. 28) Paid the dividend declared on September Dec. 31) Closed the $375.500 credit balance (from net income) in the Income Summary account to Retained Earnings Stockholders Equity 1 of 1 Next earch 3 4 5 6 8 Fairhaven Company reports the following components of stockholders' equity on December 31, 2016. Check my werk Common stock-$10 par value, 130,000 shares authorized 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 500,000 75,000 985,000 In year 2017, the following transactions affected its stockholders' equity accounts . I purchased 5,000 shares of its own stock at $23 cash per share Jan. 5 Directors declared a $2 per share cash dividend Feb. 28 Paid the dividend declared on January 5 July 6 Sold 1,900 of its treasury shares at $27 cash per share share cash dividend payable on February 28 to the Februarys recor Aug. 22 Sold 3,100 of its treasury shares at $20 cash per share. Sept. 5 Directors declared a $2 per share cash dividend payable on oetober 28 to the September 25 stockholdezs ot Oct. 28 Paid the dividend declared on September 5. Dec. 31 C1 ed the $375,500 credit balance (from net income) in the Income Summary account to Retained Earnings. record. General Statement of Stockholders Impact on Requirement Journal General Equity RE Equity For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equity as negative Prey 1of 1 Next 6 PM earch