Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet (2) 4 5 Note: Enter debits before credits. Coemon stock-\\$20 par value, 100,000 shares authorized, 50,060 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained tarnings Total stockholder' ' equity \\( \\begin{array}{r}\\$ 1,000,000 \\\\ 60,000 \\\\ 370,000 \\\\ \\hline \\$ 1,430,000 \\\\ \\hline\\end{array} \\) Juring the current year, the following transactions affected its stockholders' equity accounts. Jantary 2 Purchased 5 , 000 shares of its own stock at \\( \\$ 15 \\) cash per share. Janciary 5 Director 5 declared a \\( \\$ 6 \\) per share cesh dividend payable on February 28 to the February 5 stockholders of record. zebruary 28 Paid the dividend declared on January 5 July 6 sold 2,580 of its treasury shares at s19 cash per share. August 22 Sold 2,500 of its treasury shares at \\( \\$ 11 \\) cash per share. 3epteeber 5 Directors declared a \\( \\$ 6 \\) per share cash dividend payable on octaber 28 to the Septemer 25 october 2 . Stockholders of record. jecenber 31 closed the \\$3s8, bee credit balance (fros net incone) in the Income sumpary account to Retained Earnings. Prepare a statement of retained earnings for the current year ended December 31 . Note: Amounts to be deducted should be indicated by a minus sign. Journal entry worksheet 1 Record the entry to close the \\( \\$ 388,000 \\) credit balance (from net income) in the Income Summary account to Retained Earnings. Note: Enter debits before credits. Prepare the stockholders' equity section of the balance sheet as of December 31 Journal entry worksheet Record the declaration of a cash dividend of \\( \\$ 6 \\) per share. Note: Enter debits before credits. Record the purchase of 5,000 shares of its own common stock for \\( \\$ 15 \\) cash per share. Note: Enter debits before credits. Journal entry worksheet Record the declaration of a cash dividend of \\( \\$ 6 \\) per share. Note: Enter debits before credits. Journal entry worksheet Record the reissue of 2,500 shares of the treasury stock for \\( \\$ 11 \\) cash per share. Note: Enter debits before credits