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prepare the stockholders equity section of the companies balance sheet as of December 31, 2017 FIOLET ZA LASI UIViuerius, ueasury SLOCK, ariu slalem LUI Telaneu
prepare the stockholders equity section of the companies balance sheet as of December 31, 2017
FIOLET ZA LASI UIViuerius, ueasury SLOCK, ariu slalem LUI Telaneu allys LULO,2,3 Kohler Corporation reports the following components of stockholders' equity on December 31, 2016 Common stock-520 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 $1,000,000 70,000 400,000 $1,470,880 In year 2017, the following transactions affected its stockholders' equity accounts. Jan Jan, Feb July Aug Septe Oct. Dec 1 Purchased 6,000 shares of its own stock at $15 cash per share. 5. Directors declared a $6 per share cash dividend payable on February 28 to the February 5 stockholders of record 28 Paid the dividend declared on January 5, 6 Sold 2,250 of its treasury shares at $19 cash per share. 22 Sold 3,750 of its treasury shares at $12 cash per share. 5 Directors declared a $6 per share cash dividend payable on October 28 to the September 25 stockholders of reco 28 Paid the dividend declared on September 5. 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 2017 2. Prepare a statement of retained earnings for the year ended December 31, 2017 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017. Complete this question by entering your answers in the tabs below. Prey 2 of B Next > 2. Complete this question by entering your answers in the tabs below. 12.5 points Required 1 Required 2 Required 3 8 02:52:15 Prepare the stockholders' equity section of the company's balance sheet as of December 31, eBook KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2017 Print Total contributed capital 0 Total stockholders' equity 0 Step by Step Solution
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