P$-$F:$13-44$A Journalizing dividends and treasury stock transactions and

Learning Objecti

preparing the stockholders' equity section of the balance sheet

Alford Manufacturing Co$.$ completed the following transactions during $2025$:

Nov. $8$ Treasury Sto

Jan. $16$ Declared a cash dividend on the $5\%,$$$100$ par noncumulative preferred stock $(900$ shares outstanding$).$ Declared a $$0\mathrm{.}30$ per share dividend on the $80,000$ shares of $$6$ par value common stock outstanding. The date of record is January $31,$ and the payment date is February $15.$

Feb. $15$ Paid the cash dividends.

Jun. $10$ Split common stock $2-$for$-1.$

Jul. $30$ Declared a $50\%$ stock dividend on the common stock. The market value of the common stock was $$3$ per share.

Aug. $15$ Distributed the stock dividend.

Oct. $26$ Purchased $1,000$ shares of treasury stock at $$13$ per share.

Nov. $8$ Sold $500$ shares of treasury stock for $$15$ per share.

$30$ Sold $300$ shares of treasury stock for $$8$ per share.

Requirements

Record the transactions in Alford Manufacturing Co$.\text{'}$s general journal.

Prepare the Alford Manufacturing Co$.\text{'}$s stockholders' equity section of the balance sheet as of December $31,2025.$ Assume that Alford Manufacturing Co$.$ was authorized to issue $2,000$ shares of preferred stock and $400,000$ shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December $31,2025,$ is $$2,050,000.$