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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

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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 sharehoiders equity accounts: Jan. 1 Purchased and fetired 2,20e cormon shares at 536 per share. shares were trading at 545 , 8 a per share. 30 bate of recerd regarding the 9% share dividend. Feb. 5 Date of distribution reganding the 9% shareidividhind. 3 uly 6 sold 5,20 preferred shares at 362 per share. oct. 5 the cash dividend declared on bepteaber 5 uas paid. Dec. 31 closed the 3467 , bes credit balance 16 the Broftt sutrary account to ltetalned Earnding. 31 Closed the dividend afcobnts. Requlred 1. Prepare journal entrles to record the transactions and closings for 2023 (assume the retirements were the first ever recorded by Zen Aerospace). Assume share divdends and cash dividends account is used when dividends are declared (if no entry is required for a trensection/event, select "No Joumal entry required" in the first account fleid.) Journal entry worksheet

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