Required information E11-9 Recording and Reporting Stockholders' Equity Transactions, including Closing Entry [LO 11-2, LO 11- The following information applies to the questions displayed below) The annual report for Malibu Beachwear reported the following transactions affecting stockholders equity a. Purchased $350.400 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,200. c. Paid the dividends in (b). d. Issued 104,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. E11-9 Part 1 Required information Required: 1. Indicate the effect (+ for increase, - for decrease, +- for increase/decrease) of each of these transactions on total assets, liabilities, and stockholders' equity. (Leave cell blank if there is no effect.) Assets Liabilities Stockholders' Equity Journal entry worksheet 2 3 4 5 Record the purchase of $350,400 common stock now held in treasury. Note: Enter debits before credits Event General Journal Debit Credit Record entry Clear entry View general journal