1 15 points eBook Print References The equity sections for Vancouver Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-$4 par value, 150,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Stockholders' Equity (December 31) Common stock-$4 par value, 150,000 shares authorized, 67,770 shares issued, 4,500 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($36,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. January 5 Declared a $1.40 per share cash dividend, payable on January 10. March 20 Purchased treasury stock for cash. April 5 Declared a $1.40 per share cash dividend, payable on April 10. July 5 Declared a $1.40 per share cash dividend, payable on July 10. July 31 Declared a 14% stock dividend when the stock's market value was $10 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $1.40 per share cash dividend, date of record October 10. $ 240,000 36,000 200,000 $ 476,000 $ 271,080 82,620 360,000 713,700 (36,000) $ 677,700

The equity sections ror Vancouver Group at the beginning of the year (January 1 ) and end of the year (December 31 ) follow. The following tranisactions and events affected its equity during the yeat Janiaty 5 beclared o $1 ap pee share ceit dividenit, payable on January 10. March 20 hinchased treasury stock foe cash. April S Declared o 51.40 per share cash dividend, payable on Apeill 10 Juty 5 Declares a 51 , 40 per share cash dividend, payable on July 10. July 11 Declared a 1Ax stock dividend iten the stock"'s narket value was. \$1e per thare. August 14 fosued the steck dividend that wss declared on Jely 31. Octoler \$ oeclared a \$1.40 pee share cash divillend, date of record oetober 10: The equity sections for Vancouver Group at the begining of the year (Janiary 1 ) and end of the year (December 3i) follow. The following transactions and events atfected its equity during the year. Javaty S Declared a 11. 4e per share kash divideni, payable an Jasuery, 10. Machi20 Furchened treawiry stock for cash. Apilis oectared a 51,40 per shart cach Alvidend, payable on Apri1 10. July 5 Declared a \$1.40 ger share cash dividend, payable on fuly 10. suly is beclared a ras itork dividend when the stock's market value was sio per share. August 14 Istunt thi stock alividend that was declared on Joly 31. The following thackections and ovents affected its equity furing the weon. Prepare the journat entry mecessary to record earch event, and then ogree the vear-end ballances with the Dexember 31 Stockholders' Equity statoment glven above