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Please Answer All Porter Company reports the following components of stockholders' equity on December 31, 2016: Common stock-$10 par value, 110, 000 shares authorized, 40,000

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Porter Company reports the following components of stockholders' equity on December 31, 2016: Common stock-$10 par value, 110, 000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 400,000 60,000 330,000 Total stockholders equity 790,000 In year 2017, the following transactions affected its stockholders' equity accounts. 1 Purchased 4,000 shares of its own stock at $23 cash per share. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. Jan. Jan. 28 Paid the dividend declared on January 5. 6 Sold 1,500 of its treasury shares at $27 cash per share. Feb. July Aug. 22 Sold 2,500 of its treasury shares at $20 cash per share. 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. Sept. 28 Paid the dividend declared on September 5. 31 Closed the $591,500 credit balance (from net income) in the Income Summary account to Retained Earnings. Oct. Dec. General Journal Statement of Stockholders Equity Impact on General Requirement Trial Balance Equity Ledger RE In year 2017, the following transactions affected its stockholdersD equity accounts. Prepare the necessary journal entries. If no jou entry is required, select "No journal entry required" in the first input box

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