The equity sections from Barcelona Group's 2016 and 2017 year-end balance sheets follow Stockholders' Equity (December 31, 2016) Common stock-$12 par value, 140,000 shares authorized, 60, 000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 720,000 198, 999 590,089 $1,418,808 Stockholders' Equity (December 31, 2017) Common stock-$12 par value, 140,000 shares authorized, 67, 770 shares issued, 4,500 shares in treasury $ 813,240 Paid-in capital in excess of par value, common stock 216,780 Retained earnings ($108,000 restricted by treasury stock) 1,060,000 2,890,020 Less cost of treasury stock (188,000) Total stockholders' equity $1,982, 020 The following transactions and events affected its equity during year 2017 The following transactions and events affected its equity during year 2017, Jan. 5 Declared a $2.00 per share cash dividend, payable on January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $2.00 per share cash dividend payable on April 10. July 5 Declared a $2.00 per share cash dividend, payable on July 10. July 31 Declared a 14% stock dividend when the stock's market value was $26 per share Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $2.00 per share cash dividend, date of record October 18. Requirement General Journal General Ledger Trial Balance Cash Dividends Stock Dividend The following transactions and events affected its equity during 2017. Prepare the journal ent and then agree the year-end balances with the December 31, 2017 Stockholders' Equity stateme View transaction list Journal entry worksheet 2 3 4 5 6 7 8 ..... 12 > Declared a $2.00 per share cash dividend, payable on January 10. Note: Enter debits before credits Date Account Title Debit Credit Jan 05 No journal entry required Prey 1 of 8 Next > Journal entry worksheet Journal entry worksheet Journal entry worksheet Record payment of the 04/05/2017 dividend. Note: Enter debits before credits. Date Account Title Debit Credit Apr 10 Journal entry worksheet Declared a $2.00 per share cash dividend, payable on July 10. Note: Enter debits before credits. Account Title Debit Credit Date Jul 05 Prev 1 of 8 !!! Next > Journal entry worksheet 3 ..... 12 Record payment of the 07/05/2017 dividend. Note: Enter debits before credits Date Account Title Debit Credit Jul 10 of 8 Journal entry worksheet 2 3 4 5 6 7 8 ... 12 Declared a 14% stock dividend when the stock's market value is $26 per share. Note: Enter debits before credits. Date Account Title Debit Credit Jul 31 Journal entry worksheet 4 5 6 7 8 9 ... 12 Issued the stock dividend that was declared on July 31. Note: Enter debits before credits Account Title Debit Credit Aug 14 Prev 1 of 8 !!! Next > Journal entry worksheet 1 ..... 5 6 7 8 9 10 12 Declared a $2.00 per share cash dividend, date of record October 10. Note: Enter debits before credits. Date Account Title Debit Credit Oct 05 Journal entry worksheet ? . .... 5 6 7 8 9 10 1 12 Record payment of the 10/10/2017 dividend. Note: Enter debits before credits Date Account Title Debit Credit Oct 10 Journal entry worksheet 1 .... 5 6 7 8 9 10 11 12 Close Income summary to retained earnings. Note: Enter debits before credits. Date Account Title Debit Credit Dec 31 Requirement General Journal General Ledger Trial Balance Cash Dividends cold Stock Dividend Calculate the dollar amount of each cash dividend. Dates: Jan 01 to: Dec 31 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 Joumal General Ledger Cash Trial Balance Dividends Stock Divide Calculate the amount of retained earnings to be capitalized as a result of the stock dividend. Dates: Jan 01 to: Dec 31 Capitalization of retained earnings due to stock dividend: Number of shares outstanding on July 20 Percentage of stock dividend Number of shares to be issued Total amount to be capitalized