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The stockholders' aquity accounts of Elossom Company on January 1,2022 , ware as follows. During 2022 , the corparation had the following transactions and evants
The stockholders' aquity accounts of Elossom Company on January 1,2022 , ware as follows. During 2022 , the corparation had the following transactions and evants partaining to its stockholders' equity. Mar 1 lasuad 6,700 shares of common stook for $95 par shara. June 22 Purchased 1,600 additional shares of common trasury stock at $11 per share. Sept. 1 Daclared a 9 eash dividand an prafarrad stock, payable Oetober 1. Oct. 1 Paid the dividend declared on Septamber 1 Dec. 1 Declared a $0.60 per share cash dividend to common stockholders af racord on Decamber 15 , payable Decamber 31 , Dec. 12022 31 Datermined that net income for the year was $123,000. Paid the dividand daclared on Dacamber 1 . lournalize the transactions for the dates shown. Include entries to close net income and dividends to Retained Earnings. (Record journa entries in the onder presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. f no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
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