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 3,500 common shares at $36 per share. 14 The directors declared an 12t share dividend distributable on February 5 to the January 30 shareholders of record. The shares were trading at $47,10 per share. 30 Date of record regarding the 128 share dividend. Feb. 5 Date of distribution regarding the 121 share dividend. July 6 sold 6,500 preferred shares at 575 per share. Sept. 5 The directors declared a total cash dividend of $48,014 payable on october 5 to the september 20 ahareholders of recard. Oct. 5 The cash dividend declared on September 5 was paid. Dec. 31 cloned the $480,600 credit balance in the Profit sumary account to Retained Earnings. Dee. 31 cloned the $480,600 credit ba: Required 1. Prepare joumal entries to record the transactions and closings for 2023 (assume the retirements were the first ever recorded by Zen Aerospace). Assume share dividends and cash dividends account is used when dividends are declared. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 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 3,500 common shares at $36 per share. 14 The directors declared an 122 share dividend distributable on Pebruary 5 to the January 30 ahareholders of record. The shares were trading at $47.10 per share. Feb. 30 Date of record regarding the 12t share dividend. July 5 Date of distribution regarding the 121 share dividend. Sept. sold 6,500 preterred shares at $75 per share. Sept. 5 The directors declared a totel cash dividend of $48,014 payable on october 5 to the september 20 shareholders of record. of record. Oct. 5 The cash dividend declared on September 5 was paid. Dec. 31 closed the $480,500 credit balance in the profit Sumpary account to Retained Earnings. Required 1. Prepare journal entries to record the transactions and closings for 2023 (assume the retirements were the first ever recorded by Zen Aerospace). Assume share dividends and cash dividends account is used when dividends are declared. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the deciaration of common shares stock dividend. Assume Company is using Share Dividend account. Notei Enter debits before credits. 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 3,500 common shares at $36 per share. 14 The directors declared an 12t share dividend distributable on February 5 to the January 30 shareholders of record. The shares vere trading at $47.10 per share. 30 Date of record regarding the 121 share dividend. Feb. 5 Date of distribution regarding the 121 share dividend. July 6 sold 6,500 preferred shares at $75 per share. 5ept. 5 The directors declared a total cash dividend of $48,014 payable on october 5 to the 5 ptember 20 ahareholders of record. oct. 5 The cash dividend declared on september 5 was paid. Dec. 32 closed the $480,600 oredit balance in the profit surunary account to Betalned Earnings. 31 closed the dividend accounts. Required 1. Prepare journal entries to record the transactions and closings for 2023 (assume the retirements were the first ever recorded by Zen Aerospace). Assume share dividends and cash dividends account is used when dividends are declared. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 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 3,500 comon shares at $36 per share. record. The shares were trading at $47.10 per Bhare. 30 Date of record regarding the 124 share dividend. Feb. 5 Date of distribution regarding the 121 share dividend. July 6 Sold 6,500 preferred shares at $75 per share. of record. Oct. 5 The cash dividend doclared on septerber 5 was pald. Dec. 31 . Closed the $480,600 credit balance in the Profit summary account to Retained Earnings. 31 closed the dividend accounts. Required 1. Prepare journal entries to record the transactions and closings for 2023 fassume the retirements were the first ever recorded by Zen Aerospace). Assume share dividends and cash dividends account is used when dividends are declared. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the distribution of common shares stock dividend. Note: Enter debits before credits 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 3,500 cosunon ahares at $36 per share. record. The shares were trading at $47.10 per share. 30 Date of record regarding the 12t abare dividend. Peb. 5 Date of distribution regarding the 12s share dividend. July 6 sold 6,500 preferred ahares at $75 per share. of record. Oct. 5 The cash dividend declared on september 5 wan paid. Doc. 31 Closed the $480,600 credit balance in the Profit Sumary account to 7 etajned Earninga. 31 closed the dividend accounta. Required 1. Prepare journal entries to record the transactions and closings for 2023 (assume the retirements were the first ever recorded by Zen Aerospace). Assume share dividends and cash dividends account is used when dividends are declared. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 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 retired 3,500 corrson shares at $36 per share. 14 The directors declored an 121 share dividend distributable on February 5 to the January 30 shareholders of record. The shares wore trading at $47.10 per share. 30 Date of record regarding the 12t share dividend. Yeb. 5 Date of distribution regarding the 12t share dividend. July 5 sold 5,500 preferred shares at $75 per share. Sept. 5 The directora declared a total cash dividend of $48,014 payablo on october 5 to the septeaber 20 shareholders oct. 5 the cash dividend declared on september 5 was paid. Dec. 31 closed the $480,600 credit balance in the Profit sumary account to Retained Earnings. 31 closed the dividend accounts. Required 1. Prepare journal entries to record the transactions and closings for 2023 (assume the retirements were the first ever recorded by Zen Aerospace), Assume share dividends and cash dividends account is used when dividends are declared. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field,) Journal entry worksheet Record the cash dividend. Assume Company is using Cash Dividend account. Noter Enter debis before cridits 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 3,500 comon shares at $36 per ehare. 14 The directors declared an 121 share dividend distributable on February 5 to the January 30 ahareholders of record. The sharell were trading at $47.10 per share. 30 bate of record regarding the 128 share dividend. Feb. 5 Date of distribution regarding the 121 share dividend. Jaly 6 sold 6,500 preferred shares at $75 per share. Sept. 5 The directors declared a total cash dividend of $48,014 payable on october 5 to the september 20 ahareholders of record. oct. 5 The cash dividend declared on september 5 was paid. Dee. 31 closed the $480,600 eredit balance In the profit sunnary account to Retained garnings. Required 1. Prepare journal entries to record the transactions and closings for 2023 (ossume the retirements were the first ever recorded by Zen Aerospace). Assume share dlvidends and cash dividends account is used when dividends are declared. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 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 3,500 conson thares at $36 por ahare. record. The shares were trading at $47.10 por share. 30 Date of record regarding the 12h share dividend. Feb. 5 Date of distribution regarding the 12t share dividend. July 6 Sold 6,500 preferred shares at $75 per share. of record. Oct. 5 The cash dividend declared on september 5 was paid. Required 1. Prepare journal entries to record the transactions and closings for 2023 (assume the retirements were the first ever recorded by Zen Aerospace), Assume share dividends and cash dividends account is used when dividends are declared. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet en Aerospace Corporation reported the following equity account balances on December 31, 2022: 2023, the company had the following transactions affecting sharehoiders and the shareholders' equity accounts: ran. 1 purchased and retired 3,500 coemon shares at $36 per share. 14 The directors deolared an 12t share dividend distributable on February 5 to the January 30 shareholders of record. The shares were trading at $47,20 per share. 30 Date of record regarding the 128 share dividend. eb. 5 Date of distribution regarding the 128 share dividend. Tuly 6 sold 6,500 preferred shares at $75 per share. Sept. 5 The directors declared a total cash dividend of $48,014 payable on october 5 to the september 20 shareholders of record. bet. 5 The cash dividend declared on september 5 was paid. 31 Closed the $480,600 credit balance in the profit Summary account to Rotalned Earnings. 31 closed the dividend accounts. Required 1. Prepare journal entries to record the transactions and closings for 2023 (assume the retirements were the first ever recorded by Zer Aerospace). Assume share dividends and cash dividends account is used when dividends are declared. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field:) Journal entry worksheet