prepare the necessary journal entries

Dave Corporation reports the following components of stockholders' equity on January 1. Comman stock- $10 par value, 150,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 5600,0090,000500,06051,199,003 During the year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 6,000 shares of its own stock at $23 cash per share. January 5 Directors dectared a 52 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 3,000 of its treasury shares at $27 cash per share. August 22 5old 3,000 of its treasury shares at $19 cash per share. September 5 Directors declared a 52 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the dividend declared on Septenber 5. December 31 Closed the $233,500 credit balance (fron net incone) in the Income sunnary account to Retained Earnings. General Journal tab - Journalize the transactions related to the notes and accounts payable of Dade Corporation. The General Ledger, Thal Balance and Schedule of Payables will be updated bosed on your entries. General Ledger tab - One of the advantages of general ledger software is that posting is done automatically, to sce the detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab. Jucy o sulu 3 , vov bi lls lieasury sliares di $2 Lasll pel shait. August 22 Sold 3,000 of its treasury shares at $19 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the september 25 stockholders of record. October 28 Paid the dividend declared on September 5 . December 31 Closed the $233,500 credit balance (from net income) in the Income Summary account to Reta. Earnings. Prepare the Statement of Retained Earnings for Dade Corporation for the year ended December 31. Prepare the stockholders' equity section of Dade Corporation's balance sheet as of December 31 . For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equity as negative values. Verify that total Stockholders' equity as of December 31 , as calculated, agrees with the amount reported on the balance sheet