Mulberry Street Inc. began business on January 1, 2011 by issuing all of its 3,000 authorized shares of its $3 par value common stock for $9 per share. On June 30, they declared a cash dividend of $1.90 per share to stockholders of record on July 31. They paid the cash dividend on August 30. On November 1, Mulberry Street reacquired 500 of its own shares of stock for $11 per share.


a. Prepare all of the necessary journal entries to record the events described above. (Omit the "$" sign in your response.)


b.
Prepare the Stockholders' Equity section of the Balance sheet as of 12/31/2011 assuming that the Net Income for the year was $46,000.

Sure thing.
What do YOU think ?

I can't start this journal entries
Please help

Credit capital debit cash there's a start now do the rest

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Back to front questionmarks, that about sums it up. If you don't have a clue try another profession we are not here to do your work for you we will help you when you have a question but we want to see your attempt this is basic stuff and should be apparent from your text

Credit Capital
Credit Share Premium reserve
Debit Cash

Full in the numbers and let's see the rest