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Problem 15-6 Blossom Company has the following stockholders' equity accounts at December 31, 2017 Stock 10 .600 ) S479.000 Prepare entries in journal form to

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Problem 15-6 Blossom Company has the following stockholders' equity accounts at December 31, 2017 Stock 10 .600 ) S479.000 Prepare entries in journal form to record the following transactions, which took place during 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) 300 shares of outstanding stock were purchased at $98 per share. (These are to be accounted for using the cost method.) A $21 per share cash dividend was declared. The dividend declared in (2) above was paid. The treasury shares purchased in (1) above were resold at $102 per share. ( 460 shares of outstanding stock were purchased at $105 per share. 350 of the shares purchased in (5) above were resold at $97 per share. Prepare the stockholders' equity section of Blossom Company's balance sheet after giving effect to these transactions, assuming that the net income for 2018 was $103,200. State law requires restriction of retained earnings for the amount of treasury stock. (Enter account name only and do not provide descriptive information.) BLOSSOM COMPANY S olders' Equity Ch o w to Show Work for this

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