PLEASE ANSWER ALL THE QUESTIONS

GL$1101($Algo$)-$ Based on Problem $11-2$A LO C$3,$ P$2,$ P$3$ General

General

Trial Balance

Statement of

Stockholders

Impact on

Jouma

Ledger

RE

Equity

Equity

During the year, the following transactions affected its stockholders' $$ equity accounts. Prepare the necessary journal entries. If no

journal entry is required, select $"$No journal entry required" in the first input box.

View transaction list

$3$ Paid the dividend declared on January $5.$

$4$ Sold $2,500$ of its treasury shares at $$27$ cash per share.

$5$ Sold $2,500$ of its treasury shares at $$19$ cash per share.

$6$ Directors declared a $$2$ per share cash dividend payable

on October $28$ to the September $25$ stockholders of

record.

$7$ Paid the dividend declared on September $5.$

$8$ Closed the $$291,000$ credit balance $($from net income$)$ in

the Income Summary account to Retained Earnings.

Note : $O$ journal entry has been entered Prepare the Statement of Retained Earnings for Vancouver Corporation for the year ended December $31.$ Dates: to:

$\backslash$table$[[$VANCOUVER CORPORATION$],[$Stockholders$\text{'}$ Equity Section of the Balance Sheet,$],[$December $31,],[,],[,],[$Total contributed capital,$],[,]]$Requirement

General

General

Trial Balance

Statement of

Stockholders

Impact on

Journal

Ledger

RE

Equity

Equity

For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equity as negative values. Verify that total Stockholders' equity as of December $31,$ as calculated, agrees with the amount reported on the balance sheet.

Dates:

January $01$

to:

$\backslash$table$[[,$Impact on equity,$$],[$Total Stockholders' Equity $-$ January $1,],[\backslash$table$[[$January $2)$ Purchased $5,000$ shares of its own$],[$stock at $$23$ cash per share.$]]],[\backslash$table$[[$January $5)$ Directors declared a $$2$ per share cash$],[$dividend payable on February $28$ to the February $5],[$stockholders of record.$]]],[\backslash$table$[[$February $28)$ Paid the dividend declared on$],[$January $5.]]],[\backslash$table$[[$July $6)$ Sold $2,500$ of its treasury shares at $$27],[$cash per share.$]]],[\backslash$table$[[$August $22)$ Sold $2,500$ of its treasury shares at $$19],[$cash per share.$]]],[\backslash$table$[[$September $5)$ Directors declared a $$2$ per share$],[$cash dividend payable on October $28$ to the$],[$September $25$ stockholders of record.$]]],[\backslash$table$[[$October $28)$ Paid the dividend declared on$],[$September $5.]]],[\backslash$table$[[$December $31)$ Closed the $$291,000$ credit balance$],[($from net income$)$ in the Income Summary account$],[$to Retained Eamings.$]]],[,,],[,,],[,,]]$

Impact on Equity

Vancouver Corporation reports the following components of stockholders" equity on January $1.$

During the year, the following transactions affected its stockholders' equity accounts.

January $2$ Purchased $5,0$ shares of its own stock at $$23$ cash per share.

January $5$ Directors declared a $$2$ per share cash dividend payable on February $28$ to the February $5$ stockholders of record.

February $28$ Paid the dividend declared on January $5.$

July $6$ Sold $2,50$ of its treasury shares at $$27$ cash per share.

August $22$ Sold $2,500$ of its treasury shares at $$19$ cash per share.

September $5$ Directors declared a $$2$ per share cash dividend payable on October $28$ to the September $25$ stockholders of record.

October $28$ Paid the dividend declared on September $5.$

December $31$ Closed the $$291,$ credit balance $($from net income$)$ in the Income Summary account to Retained Earnings.

During the year, the following transactions affected its stockholders' $$ equity accounts. Prepare the necessary journal entries. If no

journal entry is required, select $"$No journal entry required" in the first input box.