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P13-39A (similar to) The balance sheet of Milan Management Consulting, Inc. at December 31, 2015, reported the following stockholders equity (Click the icon to view the stockholders' equity section of the balance sheet) During 2016, Milan completed the following selected transactions (Click the icon to view the transaction) Requirements 1. Record the ansactions in the general pumal Prepare a retained earnings statement for the year ended December 31, 2016 Assume Milan's net income for the year was $87,000 3. Prepare the stockholders' equily section of the balance sheet at December 31, 2016 2. Requirement 1. Record the transactions in the general journal (Recud debits first, the credits. Select the explanation on the last line of the journal entry table) Feb. 6. Declared a 10%ack dividend on the common stock. The market value of Milan's stock was 529 per share Date Accounts and Explanation Debit Credit Feb Choose from any stor enter any number the input ids and then chok Check Answer Clear All Chec 5 Pars remaining P13-39A (similar to) - X stione More info The balance sheet of Milan Management Consulting, Inc. at December 31, 2015, reported the following stockhold Click the icon to view the stockholdes equally section of the balance sheet) During 2016. Milan completed the following selected transactions Click the icon to view the transaction) Requirements 1. Record the transactions in the general journal 2. Prepare a retained earnings statement for the year ended Decem 3 Prepare the stockholders guy section of the balance sheet 0 Data Table Feb 6 Declared a 10% stock dividend on common stock. The market value of Milan's stock was 529 per share 15 Distributed the stock dividend Jul 29 Purchased 2.500 shares of treasury stock at 5:29 per share Nov. 27 Declared a 50 10 per share cash dividend on the common stock outstanding Pat Done Requirement 1 Record the ansactions in the journal Record Feb 6 Declared a 10% shock dividend on the common stock. The more Date Accounts and Explanation Feb 6 Stockholders' Equity Paldin Capital Common Stock-512 Par Vol200,000 shares authored 20.000 hardand outstanding Pald to Captain Excess of common Total Pain Capital Retained Earn Total Stockholders' Equity 240 000 310000 550 000 161.000 711,000 Choose from any list or enter any number in the input Tields and the 5 5 com remaining Check Answer Pont Done