The equity sections for Delray Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-58 par value, 120,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 400,000 60,000 330,000 5 790,000 Stockholders' Equity (December 31) Connon stock-$8 par value, 120,000 shares authorized, 58,800 shares issued, 6,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings (596,000 restricted by treasury stock) Lens cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year, $ 470, 400 148,000 590,000 1,200,400 (96.000) $ 1.112,400 es January 5 Declared a $0.00 per share cash dividend, payable on January 10. March 20 Purchased treasury stock for cash. April 5 Declared a $0.80 per share cash dividend, payable on April 10. July 5 Declared a $0.00 per share cash dividend, payable on July 10. July Declared a 208 stock dividend when the stock's market value was $18 per share. August 14 Towed the stock dividend that was declared on July 31. October 5 Declared a 50.00 per share cash dividend, date of record October 10. Journal entry worksheet 1 12 2 3 4 5 6 7 8 ..... Declared a $0.80 per share cash dividend, payable on January 10. Note: Enter debits before credits. Debit Credit Account Title Date January 05 Record entry Clear entry Vlow general Journal Journal entry worksheet 12 > > 3 4 5 6 7 8 .... Record payment of the 01/05 dividend. 15 Note: Enter debits before credits Debit Account Title Date Credit January 10 Record entry Clear entry View general journal wurd duon Journal entry worksheet Purchased treasury stock for cash. Hint: Use information from the December 31 Stockholders' equity statement. Entry to restrict retained earnings is not required. tes Note: Enter debits before credits. Account Title Debit Credit Date March 20 Record entry Clear entry View general Journal Journal entry worksheet Declared a $0.80 per share cash dividend, payable on April 10. Note: Enter debits before credits. Date April 05 Account Title Debit Credit Record entry Clear entry View general Journal Journal entry View transaction list Journal entry worksheet Journal entry worksheet 1 2 3 View transaction list Journal entry worksheet 8 8 9 10 1 ..... 5 6 7 12 .... Issued the stock dividend that was declared on July 31. Note: Enter debits before credits. Debit Credit Account Title Date August 14 Record entry Clear entry View general Journal Journal entry worksheet Declared a $0.80 per share cash dividend, date of record October 10. Note: Enter debits before credits. Date Account Title Debit Credit October 05 Record entry Clear entry View general Journal Journal entry worksheet Pok Requirement General Journal General Ledger Trial Balance Cash Dividends Stock Dividend s Calculate the dollar amount of each cash dividend. Dates: January 01 July 05 October 05 Calculation of Cash Dividends January 05 April 05 How many common shares are outstanding? Dividend per share Total cash dividend Requirement General Journal General Ledger Trial Balance Cash Dividends Stolk Dividend to: J. Calculate the amount of retained earnings to be capitalized as a result of the stock dividend. Dates: January 01 Capitalization of retained earnings due to stock dividend: Number of shares outstanding on July 30 Percentage of stock dividend Number of shares to be issued Amount to be capitalized per share Total amount to be capitalized