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Zen Aerospace Corporation reported the following equity account balances on December 31,2022 In 2023, the company had the following transactions affecting shareholders and the shareholders

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Zen Aerospace Corporation reported the following equity account balances on December 31,2022 In 2023, the company had the following transactions affecting shareholders and the shareholders equity accounts Jan. 1 Purchased and retired 3 , Twe comesh shares at $36 per share. shares mere trading at 547 . 3a per thare. 30 Date of record regarding the 9x share dividead. Feb. 5 Date of distrltution regarding the pl share dividend. July 6 sold 6,700 preferred shares at 577 per share. bete 5 The eash dlyidenit declared an Sentenlief 's wain pold. Dec. di clesed the $462,000 credit balares in the Erofit sumary account te fletalned farhlngs. 31 cloted the divlidend accausts. Required 1. Prepare journat entries to record the transactions and closings for 2023 tassume the retirements were the first ever recorded by Zen Aerospacel Assume share dividends and cash dividends account is used when dividends ale declared (if no entry is required for o trensection/event, select "No journal entry required" in the first sccount field.)

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