GL1101 (Algo) - Based on Problem 11-2A LO C3, P2, P3 Vancouver Company reports the following components of stockholders' equity on January 1. Common stock-$10 par value, 130,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity During the year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stock at $23 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 2,500 of its treasury shares at $27 cash per share. August 22 Sold 2,500 of its treasury shares at $19 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the dividend declared on September 5. December 31 Closed the $291,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Requirement General Journal General Ledger Trial Balance Statement of Stockholders RE Equity Prev For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equity as negative values. Verify that total Stockholders' equity as of December 31, as calculated, agrees with the amount reported on the 2 of 2 *** Impact on Equity Next $ 500,000 75,000 410,000 $ 985,000

Vancouver Company reports the following components of stockholders' equity on January 1 Common stock-\$10 par value, 130, 600 shares authorlzed, 50,600 shares issued and outstanding Paid-in capital in excess of par value, comon stack Retained earnings Total stochholders' equity During the year, the following transactions affected its stockholders' equity accounts: January 2 Purchased 5,060 shares of its own stock at $23 cash per share. January 5 Directors declored a $2 per share cash dividend payable on February 28 to the february 5 stockholders of record. Yebruary 20 paid the dividend declared on January 5. July 6 sold 2,50 of its treasury shares ot 527 cash per share. August 22 sold 2,500 of its treasury shares at 519 cash per share. September'5 olrectors declared a s2 per share cash dividend payable on october 28 to the September 25 stockholders of record. october 28 paid the dividend declared on Septenber 5. bectober 31 closed the $291,000 credit balance (from net incone) in the Incone Suminary account to ketained Earningt. For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equity as negative values. Verify that total 5 tockholders' equity as of December 31, as calculated, agrees with the amount reported on the