Problem 11-2A Cash dlvldends, treosury stock, and statement of retained eornings LO C3, P2, P3 Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. During 2019, the following transactions affected its stockhoiders' equity accounts. Jah. 2 Purchased 5 , 0e0 shares of its on stock at 515 cash per share. 3an. 5 oirectors declared a 14 per share cash dividend payable on fobruary 28 to the febcuary 5 stoclholders of record. Teb. al Paid the dividend declared on 3anuary 5 . July o sold 1, kers of its treasury shares at $19 cash per share. Aog. 22 Sold 3,125 of its treasury shares at sta cash per share. Sept. 5 oirectors declared a 34 per thare cank dividend payable on octoben 24 to the septenber 25 stockholders of record. oct. 2if pald the dividend deciared on September S. Dec. in cloved the s4es, e0e credit balance (from net incane) in the income sumary account to letained carnings. Requlred: 1. Prepare journal entries to record each of thece transactions. 2. Prepare a statement of retained earnings for the year ended December 31, 2019. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019. Complete this question by entering your answers in the tabs belov. Prepare journal entries to record wach of these transactions. During 2019, the following transactions affected its stockholders' equity accounts. 3an. 2 Purchased 5 , eve shares of its own stock at s15 cash per share. Jan. 5 Oirectors declared a $4 per share cash dividend payable on February 28 to the february 5 stockholders of record. Feb. 28 paid the dividend declared on January 5. July 6 Sold 1,875 of its treasury shares at $19 cash pen share. Aug. 22 Sold 3,125 of its treasury thares at 312 cash per thare. Sept. 5 oirectors declared a $4 per share cash dividend payable on october 28 to the septeeber 25 stockholders of record. oct. 26 paid the dividend declared on Septenber 5. bec. 31 Closed the s4es, eoe credit balance (from net incone) in the Incone sumary account to fotained Earnings. Requlred: 1. Prepare journal entries to record each of these transactions 2. Prepare a statement of retained eamings for the year ended December 31, 2019 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019 Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of these transactions. Journal entry worksheet 34567 Aecord the purchase of 5,000 shares of its own common stock for $15 cash per share. Notie tater debles before oresta. Prepare journal entries to record each of these transactions. Journal entry worksheet 567 Record the declaration of a cash dividend of $4 per share. Note: Enter debits before credits. Prepare journal entries to record each of these transactions. Journal entry worksheet
