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Problem 11-2A (Algo) Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler Corporation reports the following components of stockholders'
Problem 11-2A (Algo) Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. Bojpoticed pvt ltdi) is bad in the nini mnmid During the current year, the following transactions affected its stockholders' equity accounts July 3, of its treasury shares at 129 cash p October the dividend declared b December 31 Closed the same,000 credit balance (from net Income) in the Income Summary account to Retaining Required Prepare journal entries to record each of these transactions 2. Prepare a statement of retained earnings for the current year ended December 31 3. Prepare the stockholders equity section of the balance sheet as of December 31 of the current year Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of these transactions. Date Treasury stock Co Can Deb
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