Question: question (11) please answer completly thank you so much for your help Problem 11-2A Cash dividends, treasury stock, and statement of retained earnings LO C3,




question (11) please answer completly thank you so much for your help
Problem 11-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 The following Information applies to the questions displayed below Kohler Corporation reports the following components of stockholders' equity on December 31, 2015: Common stock-$15 par value, 100,000 shares authorized, 55,000 shares issued and outstanding Paid-in capital in excess of par value, common stock 825,000 60,000 Total stockholders equity $1.285,000 In year 2016, the following transactions offected its stockholders' equity accounts Jan. 1 Purchased 4,500 shares of its own stock at $20 cash per share Jan. 5 Directors declareda $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders Feb. 28 Paid the dividend declared on January 5. July Sold 1,688 of its treasury shares at $24 cash per share. Aug. 22 Sold 2,812 of its treasury shares at $17 cash per share. Sept 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct 28 Paid the dividend declared on September 5. Dec. 31 Closed the $368,000 credit balance (from net income) in the Income Summary account to Retained Earnings
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