Halborn Manufacturing Co. completed the following transactions during 2018: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record the transactions in Halborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Jan. 16: Declared a cash dividend on the 4%, $104 par noncumulative preferred stock (1,200 shares outstanding). Declared a $0.30 per share dividend on the 105,000 shares of $6 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. More Info Jan. Feb. Jun. Jul. 16 Declared a cash dividend on the 4%, $104 par noncumulative preferred stock (1,200 shares outstanding). Declared a $0.30 per share dividend on the 105,000 shares of $6 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. 15 Paid the cash dividends. 10 Split common stock 2-for-1. 30 Declared a 40% stock dividend on the common stock. The market value of the common stock was $12 per share. 15 Distributed the stock dividend. 26 Purchased 8,000 shares of treasury stock at $9 per share. 8 Sold 4,000 shares of treasury stock for $10 per share. 30 Sold 1,400 shares of treasury stock for $5 per share. Aug. Oct. Nov. Print Done December 31, 2018 Stockholders' Equity Paid-In Capital: | Preferred Stock4%, $104 Par Value; shares issued and outstanding, | Common Stock-$3 Par Value; Total Paid-In Capital Paid-In Capital in Excess of Par-Preferred Treasury StockCommon; Total Stockholders' Equity Halborn Manufacturing Co. completed the following transactions during 2018: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record the transactions in Halborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Jan. 16: Declared a cash dividend on the 4%, $104 par noncumulative preferred stock (1,200 shares outstanding). Declared a $0.30 per share dividend on the 105,000 shares of $6 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. More Info Jan. Feb. Jun. Jul. 16 Declared a cash dividend on the 4%, $104 par noncumulative preferred stock (1,200 shares outstanding). Declared a $0.30 per share dividend on the 105,000 shares of $6 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. 15 Paid the cash dividends. 10 Split common stock 2-for-1. 30 Declared a 40% stock dividend on the common stock. The market value of the common stock was $12 per share. 15 Distributed the stock dividend. 26 Purchased 8,000 shares of treasury stock at $9 per share. 8 Sold 4,000 shares of treasury stock for $10 per share. 30 Sold 1,400 shares of treasury stock for $5 per share. Aug. Oct. Nov. Print Done December 31, 2018 Stockholders' Equity Paid-In Capital: | Preferred Stock4%, $104 Par Value; shares issued and outstanding, | Common Stock-$3 Par Value; Total Paid-In Capital Paid-In Capital in Excess of Par-Preferred Treasury StockCommon; Total Stockholders' Equity
