Question: same question just need the blanks I left! Stream Launch Company reports the following components of stockholders' equity on January 1. Common stock-$10 par value,

Stream Launch Company reports the following components of stockholders' equity on January 1. Common stock-$10 par value, 130,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity During the year, the following transactions affected its stockholders' equity accounts. 2 Purchased 5,000 shares of its own stock at $23 cash per share. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. Jan. Jan. Feb. 28 Paid the dividend declared on January 5. 6 Sold 1,900 of its July treasury shares at $27 cash per share. Aug. 22 Sold 3,100 of its treasury shares at $20 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 $164,500 credit balance (from net income) in the Income Summary account to Retained Earnings, Requirement Statement of Stockholders RE Equity Impact on Equity Prepare the Statement of Retained Earnings for Stream Launch Corporation for the year ended December 31. General Journal STREAM LAUNCH CORPORATION Statement of Retained Earnings For Year Ended December 31 $ Beginning retained earnings Add: Net income General Ledger Less: Cash dividends declared Less Treasury stock reissuances $500,000 75,000 410,000 $985,000 Trial Balance 410,000 164,500 574,500 (1.700) The *** record. Oct. 28 Paid the dividend declared on September 5. Dec. 31 closed the $164,500 credit balance (from net income) in the Income Summary account to Retained Earnings. Requirement General Journal General Ledger Trial Balance Total Stockholders' Equity-January 1 Jan. 2) Purchased 5,000 shares of its own stock at $23 cash per share. Jan. 5) Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. 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. Statement of Stockholders RE Equity Sep. 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 $164,500 credit balance (from net income) in the Income Summary account to Retained Earnings. Impact on equity Stockholders' equity decreased Feb. 28) Paid the dividend declared on January 5. No change in total equity Jul. 6) Sold 1,900 of its treasury shares at $27 cash per share. Stockholders' equity increased i Aug. 22) Sold 3,100 of its treasury shares at $20 cash per share. Stockholders' equity increased Stockholders' equity decreased Stockholders' equity decreased. No change in total equity Stockholders' equity increased Impact on Equity Dates: Jan 01 $ to: Dec 31 Chec
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