please help me with this 3 part question.
Required information The following information applies to the questions displayed below.) Context Corporation reports the following components of stockholders' equity on December 31, 2011 Common stock-$15 par value, 100,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 750,000 70,000 460,000 $1,280,000 In year 2012, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 4,500 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb.28 Paid the dividend declared on January 5. July 6 Sold 1,688 of its treasury shares at $19 cash per share. Aug 22 Sold 2,812 of its treasury shares at $12 cash per share. Sept. 5 Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct 28 Paid the dividend declared on September 5. Dec 31 Closed the $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions for 2012. (Omit the "$" sign in your response.) Debit Credit Date Jan. 1 General Journal (Click to select) Treasury stock, common Cash Retained earnings Common stock Common dividend payable Goodwill Accounts payable Contributed capital, treasury stock Click to select) 2 Jan. 5 Feb. 28 a July 6 (Click to select) (Click to select) (Click to select) Aug. 22 (Click to select) (Click to select) (Click to select) (Click to select) Sept. 5 (Click to select) (Click to select) Oct. 28 (Click to select) (Click to select) Dec. 31 (Click to select) (Click to select) Required information [The following information applies to the questions displayed below.) Context Corporation reports the following components of stockholders' equity on December 31, 2011 Common stock-$15 par value 100,000 shares authorized, 50,000 shares Issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 750,000 70,000 460,000 $1,280,000 In year 2012, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 4,500 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb.28 Paid the dividend declared on January 5. July 6 Sold 1,688 of its treasury shares at $19 cash per share. Aug.22 Sold 2,812 of its treasury shares at $12 cash per share. Sept. 5 Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct.28 Paid the dividend declared on September 5. Dec. 31 Closed the $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings. 2. Prepare a statement of retained earnings for the year ended December 31, 2012. (Amounts to be deducted should be indicated by a minus sign. Omit the "$" sign in your response.) CONTEXT CORPORATION Statement of Retained Earnings For Year Ended December 31, 2012 Retained earnings, Dec. 31, 2011 (Click to select) (Click to select) (Click to select) Retained earnings, Dec. 31, 2012 Required information [The following information applies to the questions displayed below) Context Corporation reports the following components of stockholders' equilty on December 31, 2011 Common stock-$15 par value, 100,000 shares authorized, 50,000 shares issued and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 750,000 70,000 460.000 $1,280,000 In year 2012, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 4,500 shares of its own stock at $15 cash per share Jan. 5 Directors declared a $4 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb 28 Paid the dividend declared on January 5. July 6 Sold 1,688 of its treasury shores at $19 cash per share. Aug 22 Sold 2,812 of its treasury shares at $12 cash per share. Sepl 5 Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record, Oct 28 Paid the dividend declared on September 5. Dec. 31 Closed the $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2012. (Omit the "$" sign in your response.) CONTEXT CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2012 Click to select) Click to select) Total contributed capital Click to select) 11 000 Total stockholders' equity
