Sacramento Company reports the following components of stockholders' equity on January 1.

Common stock?$10 par value, 120,000 shares authorized,

50,000 shares issued and outstanding$500,000Paid-in capital in excess of par value, common stock75,000Retained earnings410,000Total stockholders' equity$985,000

During the year, the following transactions affected its stockholders' equity accounts.

Jan.2Purchased 5,000 shares of its own stock at $23 cash per share.Jan.5Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record.Feb.28Paid the dividend declared on January 5.July6Sold 1,900 of its treasury shares at $27 cash per share.Aug.22Sold 3,100 of its treasury shares at $20 cash per share.Sept.5Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record.Oct.28Paid the dividend declared on September 5.

Journal entry worksheet 2 3 4 5 6 7 8 Purchased 5,000 shares of its own stock at $23 cash per share. Note: Enter debits before credits. Date Account Title Debit Credit Jan 02 Record entry Clear entry View general journal ofView transaction list Journal entry worksheet A 3 5 6 7 8 Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Note: Enter debits before credits Date Account Title Debit Credit Jan OS Clear entry View general journal Prev