[Manpasos]

Can somebody help me with this entries?

The balance sheet for the clarke corporation reported the following components of equity on dec 31/2011

Common shares , unlimited shares authorized, 20000 shares issued and outstanding $460 000 Retained earnings 270 000 Equity. 730 000

In 2012 Clarke corporation had following transactions affecting shareholders and the equity accounts

Jan 5... the directors declared $4 / share cash dividend payable feb 28 to the feb 5 share


Feb 28... paid the dividend declared on January 5

July 6... sold 750 common shares at 48/share

Aug 22... sold 1250 common shares at 34/share

Sept 5... the directors declared a $4/share cash dividend payable on oct 28 to oct 5 shareholder

Oct 28... paid the dividend on sept 5

Dec 31 closed the &434000 credit balance in the income summary account

Dec 31 closed the cash dividends account


1.prepare journal entries to record the transactions and closings for 2012

2. Prepare a statement of changed in equity for the year ended dec 31 2012

3. Prepare the equity section of the corporations balance sheet ad of dec 31... 2012