Question 1 - Ch 11 Prob - Conner X Rodriguez Corporation issues 13 x Course Hero X + X C D ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fonline.bismarckstate.edu%252Fwebapps%252Fblac. G Black Board campus connection HPS US. USFOODS OFFAVORS & DPIC SNA ) Menu Calendar ) School Email | Food Buying Guid 20] ) PrimeroEdge Scho. Reading list Ch 11 Prob i Saved Help Save & Exit Submit Check my work Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. Common stock-$15 par value, 100,000 shares authorized, 60,000 shares issued and outstanding $ 900, 000 10 Paid-in capital in excess of par value, common stock 70, 090 points Retained earnings 400, 090 Total stockholders' equity $ 1, 370, 000 Skipped During the current year, the following transactions affected its stockholders' equity accounts. eBook January 2 Purchased 4,000 shares of its own stock at $25 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of Print record. February 28 Paid the dividend declared on January 5. References July 6 Sold 2,000 of its treasury shares at $29 cash per share. August 22 Sold 2,000 of its treasury shares at $21 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 $388,000 credit balance (from net income ) in the Income Summary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the current year ended December 31. 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. Complete this question by entering your answers in the tabs below. Mc Graw HillQuestion 1 - Ch 11 Prob - Conner X Rodriguez Corporation issues 13 x Course Hero X + X C D ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fonline.bismarckstate.edu%252Fwebapps%252Fblac. G Black Board campus connection HPS US. USFOODS OFFAVORS & DPIC SNA ] Menu Calendar . School Email | Food Buying Guid 20] ) PrimeroEdge Scho. Reading list Ch 11 Prob i Saved Help Save & Exit Submit Check my work Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 10 points Prepare a statement of retained earnings for the current year ended December 31. (Amounts to be deducted should be indicated by a minus sign.) Skipped KOHLER CORPORATION Statement of Retained Earnings eBook For Current Year Ended December 31 Print References $ Mc Graw Prey. 1 of 1 Next > HillQuestion 1 - Ch 11 Prob - Conner X Rodriguez Corporation issues 13 x Course Hero X + X C D ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fonline.bismarckstate.edu%252Fwebapps%252Fblac. G Black Board campus connection HPS US. USFOODS OFFAVORS & DPIC SNA ] Menu Calendar . School Email | Food Buying Guid 20] ) PrimeroEdge Scho. Reading list Ch 11 Prob i Saved Help Save & Exit Submit Check my work Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 10 points Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. Skipped KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet eBook December 31 Print References Total contributed capital Total stockholders' equity $ 0 Mc Graw Pre.v. 1 of 1 Next > Hill