Score: 0 of 6 pts 18 of 18 (17 complete) P13-42A (similar to) Halborn Manufacturing Co. completed the following transactions during 2018: Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Halborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the Accounts and Explanation column and leave the remaining cells blank.) Jan 16: Declared a cash dividend on the 6%. $97 par noncumulative preferred stock (1,150 shares outstanding). Declared a $0.40 per share divide January 31, and the payment date is February 15. Date Accounts and Explanation Debit Credit Jan. 16 No entry required Cash Cash Dividends Common Stock-$8 Par Value Common Stock Dividend Distributable Dividends Payable-Common Dividends Payable-Preferred Paid-in Capital from Treasury Stock Transactions Paid-In Capital in Excess of Par-Common Paid-In Capital in Excess of Par-Preferred Choose from any Preferred Stock-$97 Par Value Retained Earnings Stock Dividends remaining Treasury Stock-Common Check Answer Clear All 8 parts its. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required outstanding). Declared a $0.40 per share dividend on the 95,000 shares of $8 par value common stock outstanding Credit Requirements 1. Record the transactions in Halborn's general journal. 2. Prepare the Halborn's stockholders' equity section of the balance sheet as of December 31, 2018. Assume that Halbom was authorized to issue 2,000 shares of preferred stock and 500,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2018, is $2,040,000. Print Done Clear All Che Question i More Info x - he t line 3). of red Jan. 16 Feb. 15 Jun. 10 Declared a cash dividend on the 6%. $97 par noncumulative preferred stock (1,150 shares outstanding). Declared a $0.40 per share dividend on the 95,000 shares of $8 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Paid the cash dividends. Split common stock 2-for-1. Declared a 30% stock dividend on the common stock. The market value of the common stock was $8 per share. Distributed the stock dividend. Purchased 8,000 shares of treasury stock at $9 per share. Sold 4,000 shares of treasury stock for $10 per share. Sold 1,400 shares of treasury stock for $5 per share. Jul. 30 Aug. 15 Oct. 26 Nov. 8 Nov. 30 Print Done Score: 0 of 6 pts 18 of 18 (17 complete) P13-42A (similar to) Halborn Manufacturing Co. completed the following transactions during 2018: Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Halborn's general journal (Record debits first, then credits. Select the explanation on the last line of the jou Accounts and Explanation column and leave the remaining cells blank.) Jan. 16: Declared a cash dividend on the 6%, $97 par noncumulative preferred stock (1.150 shares outstanding). Declared a $0.40 per share dividende January 31, and the payment date is February 15. Date Accounts and Explanation Debit Credit Jan. 16 Choose from any list or enter any number in the input fields and then click Check Answer. Clear All 8 parts remaining 2A (similar to) Halborn Manufacturing Co. completed the following transactions during 2018: (Click the icon to view the transactions.) Read the requirements. bits first, then credits. tock (1,150 shares out Requirement 1. Declared a 30% stock dividend. Accounts and Ex Declared a cash dividend. Jan. 16: Declare issued 30% stock dividend. January 31, and Issued common stock for cash. Date Issued preferred stock for cash. Paid cash dividend. Jan. 16 Purchased treasury stock. Sold treasury stock above cost. Sold treasury stock at cost. Sold treasury stock below cost. Debit Cre