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2 Total stockholders' equity $1,418,909 Stockhalders' Equity (December 31, 2017) Common stock-$12 par value, 140, 000 shares aut horized, 70, 800 shares issued, 6, 000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($144,000 restricted by treasury stock) $ 849, 699 259,209 1,969,999 168, 809 (144, 099) $2, 024, 800 040821 Less cost of treasury stock Total stockholders' equity e@ook The following transactions and event affected its equity during year 2017 Jan. 5 Declared a $1.40 per share cash dividend, payable on January 10. Nar. 20 Purchased treasury stock for cash Apr. 5 Declared a $1.40 per share cash dividend, payable on April 10. July 5 Declared a $1.40 per share cash dividend, payable on July 10. July 31 Declared a 20% stock dividend when the stock's market value was $26 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $1.40 per share cash dividend, date of record October 10. Requirement General General Ledger Cash Trial Balance Journal Dividends Stock Dividend Prey 2 of 3 l Next Journal entry worksheet 2 4 5 6 8 12 Purchased treasury stock for cash. Hint: Use information from the December 31, 2017 Stockholders' equity statement. Entry to restrict retained earnings is not required 05:14 ok Note: Enter debits before credits Date it Credit 72,000 Account Title Dete Mar 20 Treasury stock, Commn Cash 72,000 Record entry Clear entry View general journal