oq4-1HDIWwD-1wXS79SyljtFcR12HQxdmR7Q/formResponse?pli= Kobe Company has the following amounts in the stockholders' equity section as of January 1, 2018 Preferred stock, 12%, $100 par (20,000 shares authorized, 2,000 shares issued and outstanding) 200,000 Common stock $5 par (100,000 shares authorized, 20,000 shares issued and outstanding) 100,000 Additional Paid-in capital 125,000 Retained earnings 750,000 Total 1,175,000 During 2018, Kobe has the following transactions: Apr. 1 Issue 10,000 shares of common stock at $20 per share May 31 Purchased 5,000 shares of its own outstanding common stock for $30 per share (cost method) July 1 Reissued 1,000 treasury shares at $32 per share July 31 Declared a 10% stock dividend on the outstanding common stock when the market price was $26 per share Sep 1 Issued the stock dividend Dec. 31 Declared the annual 2018 dividend on preferred stock and $3 per share dividend on common stock REQUIREMENTS: a. Journalize the transactions b. Prepare the stockholders' equity section as of December 31, 2018, assuming that the net income for the year is $350,000 Problems Description (optional) Question Kobe Company has the following amounts in the stockholders' equity section as of January 1, 2018 Preferred stock 12% $100 par (20,000 shares authorized 2,000 shares issued and outstanding) 200.000 Common stock $5 par (100 000 shares authorized, 20,000 shares issued and outstanding) 100,000 Additional Paid in capital 125.000 Retained earnings 750.000 Total 1.175.000 During 2018, Kobe has following transactions Apr.1 Issue 10,000 shares of common stock at $20 per share May 31 Purchased 5,000 shares of its own outstanding common stock for $30 per share (oost method) July 1 Reissued 1,000 Treasury shares at $32 per share July 31 Declared a 10% stock dividend on the outstanding common stock when the market price was $26 per share Sep 1 Issued the stock dividend Dec 31 Declared the annual 2018 dividend on preferred stock and 53 per share dividend on common stock REQUIREMENTS Journalize the transactions Prepare the stockholders' equity section as of December 31, 2018, assuming that the net income for the year is $150,000 a I dalle oq4-1HDIWwD-1wXS79SyljtFcR12HQxdmR7Q/formResponse?pli= Kobe Company has the following amounts in the stockholders' equity section as of January 1, 2018 Preferred stock, 12%, $100 par (20,000 shares authorized, 2,000 shares issued and outstanding) 200,000 Common stock $5 par (100,000 shares authorized, 20,000 shares issued and outstanding) 100,000 Additional Paid-in capital 125,000 Retained earnings 750,000 Total 1,175,000 During 2018, Kobe has the following transactions: Apr. 1 Issue 10,000 shares of common stock at $20 per share May 31 Purchased 5,000 shares of its own outstanding common stock for $30 per share (cost method) July 1 Reissued 1,000 treasury shares at $32 per share July 31 Declared a 10% stock dividend on the outstanding common stock when the market price was $26 per share Sep 1 Issued the stock dividend Dec. 31 Declared the annual 2018 dividend on preferred stock and $3 per share dividend on common stock REQUIREMENTS: a. Journalize the transactions b. Prepare the stockholders' equity section as of December 31, 2018, assuming that the net income for the year is $350,000 Problems Description (optional) Question Kobe Company has the following amounts in the stockholders' equity section as of January 1, 2018 Preferred stock 12% $100 par (20,000 shares authorized 2,000 shares issued and outstanding) 200.000 Common stock $5 par (100 000 shares authorized, 20,000 shares issued and outstanding) 100,000 Additional Paid in capital 125.000 Retained earnings 750.000 Total 1.175.000 During 2018, Kobe has following transactions Apr.1 Issue 10,000 shares of common stock at $20 per share May 31 Purchased 5,000 shares of its own outstanding common stock for $30 per share (oost method) July 1 Reissued 1,000 Treasury shares at $32 per share July 31 Declared a 10% stock dividend on the outstanding common stock when the market price was $26 per share Sep 1 Issued the stock dividend Dec 31 Declared the annual 2018 dividend on preferred stock and 53 per share dividend on common stock REQUIREMENTS Journalize the transactions Prepare the stockholders' equity section as of December 31, 2018, assuming that the net income for the year is $150,000 a I dalle