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m702521 e date moved to Wed. i Saved Lohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. Common stock-$20 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 800,000 70,000 460,000 $ 1,330,000 During the current year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stock at $20 cash er share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. Tebruary 28 Paid the dividend declared on January 5. July 6 Bold 2.500 of its treasury shares at $24 cash per share. August 22 Sold 2.500 of its treasury shares at $16 canh per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 26 Paid the dividend declared on September 5. December 31 Closed the $388,000 credit balance (from net income) In the Income Summary account to retained Barning Required: 1. Prepare Journal entries 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. Complete this question by entering your answers in the tabs below. Required 1 red2 Resuved> Prepare journal entries to record each of these transactions View he Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 ences Record the purchase of 5,000 shares of its own common stock for $20 cash per share. Note: Enter debits before credits General Journal Debit Credit Date January 02 Racord entry Clear entry View peneralurnal Me GEOW Prev 1 of 6 III Next > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction list Journal entry worksheet 2 3 4 1 8 6 7 8 Record the reissue of 2,500 shares of the treasury stock for $16 cash per share. Note: Enter debits before credits General Journal Debit Credit August 22 Record Cherry View general Me GE Proy + of 6 IH Next > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction list Journal entry worksheet 1 2 3 4 5 6 6 8 Record the payment of the cash dividend. sces Note: Enter debits before credits D October 28 General Journal Dabit Credit Clear View all Me Prev Next > your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction list Journal entry worksheet Prepare a statement of retained earnings for the current year ended December 31. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. 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 Prey III Next > Prepare journal entries to record each of these transactions. . 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. 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 Total contributed capital Total stockholders' equity
