PF13-42A (similar to) i More Info Halbom Manufacturing Co.completed the following transactions during 2024: 1 (Click the icon to view the transactions.) Jan. 16 Read the requirements Declared a cash dividend on the 5%, $99 par noncumulative preferred stock (1,100 shares outstanding). Declared a $0.25 per share dividend on the 105,000 shares of $10 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Paid the cash dividends. Requirement 1. Record the transactions in Halborn's general journal. (Record debits first, then credits. Select the explanation on the last Accounts and Explanation column and leave the remaining cells blank.) Feb. 15 Jun. 10 Split common stock 2-for-1. Jan. 16: Declared a cash dividend on the 5%, $99 par noncumulative preferred stock (1,100 shares outstanding). Declared a $0.25 pers January 31, and the payment date is February 15. Jul. 30 Declared a 30% stock dividend on the common stock. The market value of the common stock was $12 per share. Distributed the stock dividend. Date Accounts and Explanation Debit Credit Aug. 15 Jan, 16 Oct, 26 Purchased 8,000 shares of treasury stock at $9 per share. Nov. 8 Sold 4,000 shares of treasury stock for $10 per share. Nov. 30 Sold 1,400 shares of treasury stock for $5 per share. Print Done A Requirements 1. Record the transactions in Halborn's general journal. 2. Prepare the Halborn's stockholders' equity section of the balance sheet as of December 31, 2024. Assume that Halbom was authorized to issue 2.200 shares of preferred stock and 300,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2024, is $2.030.000. Choose from any list or enter any number in the input fields and then click Check Answer. Print Done 8 parts remaining Clear All