HOMEWORK FOR CHAPTER 13 Oct 10 Oct. 31 A dividend of $1.25 per share was declared and payable on Oct 31 to the Oct 20 stockholders of record Pald the dividend declared on Oct. 10 The income Summary Account has a $152,000 balance in from net income Please close this account properly Problem # 2 COST METHOD OF ACCOUNTING FOR TREASURY STOCK The Balance Sheet of UBI Company's stockholders' equity section on 12-11-2009 looks like this: Dec 31 Common Stock-525 par value, 50,000 shares authorised, 30,000 shares issued and outstanding $750,000 APIC, Common Stock 50,000 540,000 Hertained Earnings Total Stockholder's Equity $1,140,000 in 2010, please record the following transaction in meral journal form Feb. 0 Purchased 4000 shares of its own stock at $20 cash per share Feb. On A dividend of 52 per share was dedared to be payable on March 3 to the March 9th Stockholders of record Feb. 10 Sold 1,500 of its reasury Mock at 528 cash per share Marchal Paid the dividend declared on Feb Sept 28 Sold 1,300 of its Treasury stock at 515 cash per share