globe corporation wrap up exercise

Globe Corporation NOTE : "Lecture Assignments & Participation Points" are allocated to a go Globe Corporation reports the following components of stockholders' equity at Common stock. $25 par $750,000 Paid-in capital in excess of par, common stock 50,000 Retained earnings 340,000 Total stockholders' equity $1,140,000 During 2019, the following transactions affected its stockholders' equity acc Jan. 2 Purchased 3,000 shares of its own stock at $25 cash per share Jan. 7 Directors declared a $1.50 per share cash dividend; date of record payment on Feburary 28 Feb. 28 Paid the dividend declared on January 7 ul. 9 Sold 1,200 of its treasury shares at $30 per share Aug. 27 Sold 1,500 of its treasury shares at $20 per share Directors declared a $2 per share cash dividend; date of record payment on October 22 ct. 22 Paid the dividend declared on September 9 ec. 31 Closed the $52,000 credit balance in the Income Summary acc ep. 9 equired: Prepare journal entries to record each of the transactions (use the we Post the journal entries to the general ledger (use the worksheet lab Prepare the 2019 statement of stockholders' equity (use the worksh Prepare the stockholders' equity section of the 2019 balance sheet