Required information (The following information applies to the questions displayed below The annual report for Malibu Beachwear reported the following transactions affecting stockholders' ec a Purchased $351,300 of common stock now held in treasury à Declared cash dividends in the amount of $260,650. c. Paid the dividends in (b). d Issued 113,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. 3. Prepare a statement of stockholders' equity, assuming the following opening balances. Net Income fe $283,000.

Required information (The following information applies to the questions displayed below The annual report for Malibu Beachwear reported the following transactions affecting stockholders' ec a Purchased $351,300 of common stock now held in treasury à Declared cash dividends in the amount of $260,650. c. Paid the dividends in (b). d Issued 113,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. 3. Prepare a statement of stockholders' equity, assuming the following opening balances. Net Income fe $283,000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please don't provide answer in image format thank you. Required 1. Record the transactions in the general journal. 2. Prepare the statement of shareholders' equity for the year ended December 31, 2023.
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MAKE A JOURNAL ENTRY FOR EACH TRANSACTION