CH 13 HW Help Seve Sub Check my work 7 Problem 13-1A (Algo) Stockholders' equity transactions and analysis LO P1 po Sed 0. impacted its stockholders' equity during its first year of operations Kinked Company was incorporated at the beginning of this year and had a number of transactions. The following journal entries Traction Journal Debit Credit Ceas 300,000 Common Book $25 Var Value 245.000 Paid-In Capital in Exor of Par Value, Common Broek 55,000 be organization pense 170,000 Common stock 825 Par Valise 120,000 Pidin Capital in es ot Par Valve Common Stock Cash 42.000 43,000 Recounts Receivable 20,000 Building 82.400 Notes Payable 59,600 Common stock, 625 Par Value 55,800 Prid-In Capital in Excess of Par Value, common took 30.000 d 144,000 Common cock. 625 Mar Value 77,000 Poid-in Capital in Hess of Par Valve Common Stock 67.000 Required 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid-in capital at year-end? Ceas 2. Number of standing shares 2. Total paid-in capite Check my work mode : This shows what is correct or Incorrect for the work you have completed so far. It does not indicate completion Return to custo 8 Problem 13-2A (Algo) Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 1 po Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. Contok-110 par valu, 100.000 harus author. 50.000 shares Lewd and outstanding al capital is of Marwalt Retained earni Total stockholderity 3 500.000 40.000 370.000 During the current year, the following transactions affected its stockholders' equity accounts donary Purchased 500 shares of its own stock share January Directors declared a pet share sath dividend payable on Perry 23 to the bruary 5 stockholder record February Tald the vided declared on January 3. July 2.500 of 1st share 3 cash per share August 2fold 3.500 ot it rear shares et ce per share September 3 Director deland 56 share cash dividend payable on otober 23 to the September 25 stockholders of record October 30 Faid the dividend declared on Sep 5. December i closed the $380,000 credit halana fron net income in the income may contained triage Required: 1. Prepare journal entries to record each of these transactions 2. Prepere a statement of retained earnings for the current year ended December 31 3. Prepare the stockholders equity section of the balance sheet as of December 31 of the current your Answer is not complete Complete this question by entering your answers in the tabs below. 1. Propole journies to record each of these transactions 2. Prepare a statement of retained earnings for the current year ended December 31, 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year 1 points Answer is not complete Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a statement of retained earnings for the current year ended December 31. (Amounts to be deducted should be indicated by a minus sign) KOHLER CORPORATION Statement of Retained Earnings For Current Year Ended December 31 Retained earnings, December 31, prior year Add: Net Income Less: Cash dividends declared Retained earings, December 31, current year $ OO 0 Answer is not complete Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Common stock - $10 par value $ 500,000 Paid-in capital in excess of par value, common stock Total contributed capital 500,000 Retained earnings Total stockholders' equity $ 500,000