U 1012 Required information E11-9 Recording and Reporting Stockholders' Equity Transactions, including Closing Entry [LO 11-2, LO 11- 3) [The following information applies to the questions displayed below) The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity a. Purchased $351700 of common stock now held in treasury, b. Declared cash dividends in the amount of $260,850 c Paid the dividends in (b) d.issued 117.000 new shares of $0.10 par value common shares for $2 per share e Closed the Dividends account Book Hint E11-9 Part 2 Print 2. Prepare journal entries to record each of these events. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) forences View transaction ist Journal entry worksheet 2 3 4 5 > Record the purchase of $351,700 common stock now held in treasury. Noter Enter debits before credits Event Debit General Journal Credit a 0 Required information E11-9 Recording and Reporting Stockholders' Equity Transactions, including Closing Entry (LO 11-2, LO 11- 3] [The following information applies to the questions displayed below.) The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $351700 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,850 c. Pald the dividends in (b) d. Issued 117.000 new shares of $0.10 par value common shares for $2 per share. e Closed the Dividends account. E11-9 Part 3 3. Prepare a statement of stockholders' equity, assuming the following opening balances. Additional Paid- Retained Common Stock Treasury in Capital Earnings Stock $ 13,350 $ 198,500 $ 151,700 $ 0 Beginning Stock Issuances Net Income Dividends: Common Ending 287,000