Question: GL1102 (Algo) - Based on Problem 11-4A LO C3, P2, P3 The equity sections for Streamline Group at the beginning of the year (January 1)



GL1102 (Algo) - Based on Problem 11-4A LO C3, P2, P3 The equity sections for Streamline Group at the beginning of the year (January 1) and end of the year (December 31) follow. The following transactions and events affected its equity during the year. January 5 Declared a $1.66 per share cash dividend, payable on January 10. March 2 Purchased treasury stock for cash. April 5 Declared a $1.66 per share cash dividend, payable on April 10. July 5 Declared a $1.60 per share cash dividend, payable on July 10. July 31 Declared a 10\% stock dividend when the stock's market value was $18 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $1.60 per share cash dividend, date of record October 10. The following transactlons and events affected its equitty during the year. January 5 Declared a $1.66 per share cash dividend, payable on January 10. March 2 Purchased treasury stock for cash. April 5 Declared a $1.60 per share cash dividend, payable on April 1. July 5 Declared a $1.60 per share cash dividend, payable on July 19. July 31 Declared a 10% stock dividend when the stock's market value was \$18 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $1.60 per share cash dividend, date of record October 16. The following transactions and events affected its equity during the year. Prepare the journal entry necessary to record each event, and then agree the year-end balances with the December 31 Stockholders' Equity statement given above. Journal entry worksheet Declared a $1.60 per share cash dividend, payable on January 10. Note: Enter debits before credits. January 5 Declared a $1.60 per share cash dividend, payable on January 10. March 20 Purchased treasury stock for cash. April 5 Declared a $1.60 per share cash dividend, payable on April 10. July 5 Declared a $1.60 per share cash dividend, payable on July 10. July 31 Declared a 10% stock dividend when the stock's market value was $18 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $1.60 per share cash dividend, date of record october 10. Calculate the amount of retained eamings to be capitalized as a result of the stock dividend
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