X More info Feb 15 Purchased 5,000 shares of treasury stock at $4 per share. Mar 8. Sold 4,000 shares of treasury stock for $9 per share Sep 28 Declared and distributed a 10% stock dividend on the 97,000 shares of outstanding common stock. The market value of Relaxation's common stock was $12 per share Print Done The balance sheet of Relaxation, Inc, at December 31, 2017, reported 850.000 shares of $2 par common stock authorized with 98,000 shares issued and outstanding. Paid-in capital in excess of pat.common had a balance of $325,000. Retained earnings had a balance of $102,000. During 2018, the company completed the folowing selected transactions: Click the konto view the ansactions.) Read the com Requirement 1. Record the transactions in the jumal. Explanations are not required Record debits first the credits. Exclude explanations from any ouma entre Feb 15. Purchased 5,000 shares of treasury stock at 4 pershare Journal Entry Date Accounts Debit Credit Fab 15 Read the requirements Mar 8 Sold 4,000 shares of treasury stock for $9 per share Journal Entry Accounts Debit Credit Date Mar 8 Sep 28 Declared and distributed a 10 stock dividend on the 07 000 shares of outstanding common stock. The market value of Relaxation's common stock was 512 per share Journal Entry Date Accounts Debit Credit Sep 25 Requirement 2. Prepare the stockholders equity section of the balance sheet of December 31, 2015 assuming the compare med 575.000 of net incomeaning the year ch o a 47"F Clear * Requirement 2. Prepare the stockholders' equity section of the balance sheet at December 31, 2018, assuming the company camed $75,000 of net income during the year (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Stockholders' Equity Paid-in capital Total stockholders' equity Time Remaining: 02.15 52 Next - Previous