CH11 Q 23

Chapter 11 Homework Assignment (Connect) i Help Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate compl 23 Alex Corporation reports the following components of stockholders' equity at December 31 of the prior year. 0.26 points During the current year, the following transactions affected its stockholders' equity accounts. January 2 purchased 3,400 shares of its own stock at \$25 cash per share. record. February 28 Paid the dividend declared on January 7. July 9 Sold 1,360 of its treasury shares at $30 cash per share. August 27 Sold 1,700 of its treasury shares at $21 cash per share. record. October 22 Paid the dividend declared on September 9. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the current year ended December 31 . 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. Prepare a statement of retained earnings for the current year Note: Amounts to be deducted should be indicated by a minus Complete this question by entering your answers in the tabs belc Prepare the stockholders' equity section of the balance sheet as of Decem Note: Amounts to be deducted should be indicated by a minus sign