Problem 11-2A (Static) Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler Corporati

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Problem 11-2A (Static) Cash dividends, treasury stock,
and statement of retained earnings LO C3, P2, P3
Kohler Corporation reports the following components of
stockholders’ equity at December 31 of the prior
year.
During the current year, the following transactions affected its
stockholders’ equity accounts.
Required:
1. Prepare journal entries to record each of
these transactions.
2. Prepare a statement of retained earnings
for the current year ended December 31.
3. Prepare the stockholders’ equity section
of the balance sheet as of December 31 of the current year.

Problem 11 2a Static Cash Dividends Treasury Stock And Statement Of Retained Earnings Lo C3 P2 P3 Kohler Corporati 1 (51.04 KiB) Viewed 66 times

Problem 11 2a Static Cash Dividends Treasury Stock And Statement Of Retained Earnings Lo C3 P2 P3 Kohler Corporati 2 (21.62 KiB) Viewed 66 times

Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction list View journal entry worksheet No Date Debit Credit 1 January 02 General Journal Treasury stock, Common Cash 80,000 80,000 2 January 05 72,000 Retained earnings Common dividend payable 72,000 نیا February 28 72,000 Common dividend payable Cash 72,000 4 July 06 Cash 48,000 40,000 Treasury stock, Common Paid-in capital, Treasury stock 8,000 5 August 22 Cash 32,000 Paid-in capital, Treasury stock 6 September 05 Retained earnings 80,000 Common dividend payable 80,000 7 October 28 80,000 Common dividend payable Cash 80,000 8 8 December 31 Income summary 388,000 Retained earnings 388,000 Required 1 Required 2 >
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a statement of retained earnings for the current year ended December 31. (Amounts to be deducted should be indicated by a minus sign.) KOHLER CORPORATION Statement of Retained Earnings For Current Year Ended December 31 $ 0 < Required 1 Required 3 >
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Total contributed capital 0 Total stockholders' equity $ 0 < Required 2 Required 3