In year 2014, the following transactions affected its stockholders’ equity accounts.

Jan. 1 Purchased 4,000 shares of its own stock at $20 cash per share.
Jan. 5

Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record.
Feb. 28 Paid the dividend declared on January 5.
July 6 Sold 1,500 of its treasury shares at $24 cash per share.
Aug. 22 Sold 2,500 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 $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings.


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value:
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