Chapter 11 - Assignment 1 E11-9 Recording And Reporting Stockholders Equity - Chegg.com - Assignment 1 0 Help Save & Exit Su Check my w Required information E11-9 Recording and Reporting Stockholders' E Transactions, including Closing Entry [LO 11-2, LO 11-3) (The following information applies to the questions displayed below.) The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $352,000 of common stock now held in treasury. b. Declared cash dividends in the amount of $261,000. c. Paid the dividends in (b) d. Issued 120,000 new shares of $0.10 par value common shares for $2 per share e. Closed the Dividends account. E11-9 Part 3 3. Prepare a statement of stockholders' equity, assuming the following opening balances. Treasury Additional Common Stock Paid-In Capital $ 13,500 $ 200,000 Retained Earnings $ 152,000 $ 0 Beginning a. Purchased $352,000 of common stock now held in treasury. b. Declared cash dividends in the amount of $261,000. C. Paid the dividends in (b). d. Issued 120,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. E11-9 Part 3 3. Prepare a statement of stockholders' equity, assuming the following opening balances. Additional Retained Treasury Common Stock Stock Paid-In Capital Earnings Stock $ 13,500 $ 200,000 $ 152,000 $ Beginning Stock Issuances Net Income Dividends: Common Ending 290,000 $ 13,500 $ 200,000 $ 442,000 $