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    yhampton's Avatar
    yhampton Posts: 1, Reputation: 1
    New Member
     
    #1

    Feb 6, 2013, 07:31 PM
    I need help
    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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    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
     
    #2

    Feb 8, 2013, 06:08 PM
    Obviously an assignment 10 points are no use to me.

    What help do you need?

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