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2. The stockholders' equity of TVX Company at the beginning of the day on February 5 follows:

Common stock -- $10 par value, 150,000 shares authorized, 67,000 shares issues and outstanding	670,000
Paid-in capital in excess of par value, common stock	525,000
Retained Earnings	675,000
Total Stockholders' Equity	1,870,000

On February 5, the directors declare a 12% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $39 per share on February 5 before the stock dividend. The stock's market value is $35.00 per share on February 28.

1. Prepare entries to record the dividend declaration and its distribution.

2. One stockholder owned 800 shares on February 5 before the dividend. Compute the book value per share and total book value of this stockholder's shares immediately before and after the stock dividend of February 5.

3. Compute the total market value of the investor's shares in part 2 as of February 5 and February 28.

Feb 5	Retained Earnings
	Common stock dividend distributable
	Paid in capital in excess of par value, common stock
	Declared 12% stock dividend
Feb 28	Common stock dividend distributable
	Common stock
	Distributed common stock dividend declared on Feb 5

2.) One stockholder owned 550 shares on February 5 before the dividend. Compute the book value per share and total book value of this stockholders shares immediately before and after the stock dividend of February 5. (Round your "Book value per share" answers to 3 decimal places.)

3.) Compute the total market value of the investors shares in part 2 as of February 5 and February 28.

Alexander Corporation reports the following components of stockholders equity on December 31, 2015: Common stock$25 par value, 50,000 shares authorized, 30,000 shares issued and outstanding $ 850,000 Paid-in capital in excess of par value, common stock 68,000 Retained earnings 354,000 Total stockholders equity $ 1,272,000 In year 2016, the following transactions affected its stockholders equity accounts. Jan. 2 Purchased 3,400 shares of its own stock at $25 cash per share. Jan. 7 Directors declared a $1.50 per share cash dividend payable on Feb. 28 to the Feb. 9 stockholders of record. Feb. 28 Paid the dividend declared on January 7. July 9 Sold 1,360 of its treasury shares at $30 cash per share. Aug. 27 Sold 1,700 of its treasury shares at $20 cash per share. Sept. 9 Directors declared a $2 per share cash dividend payable on October 22 to the September 23 stockholders of record. Oct. 22 Paid the dividend declared on September 9. Dec. 31 Closed the $56,000 credit balance (from net income) in the Income Summary account to Retained Earnings.

Required:
1.	Prepare journal entries to record each of these transactions for 2017.

Date	Account Title	Debit	Credit
Jan. 2	Treasury stock, common
	Cash
Jan. 7	Retained earnings
	Common dividend payable
Feb. 28	Common dividend payable
	Cash
Jul. 9	Cash
	Treasury stock, common
	Paid-in capital, treasury stock
Aug. 27	Cash
	Paid in capital, treasury stock
	Retained earnings
	Treasury stock, common

Paid-in capital, treasury stock can never have an ending debit balance

Date	Account Title	Debit	Credit
Sep. 9	Retained earnings
	Common dividend payable
Oct. 22	Common dividend payable
	Cash
Dec. 31	Income summary
	Retained earnings

Prepare a statement of retained earnings for the year ended December 31, 2017

Alexander Corporation Statement of Retained Earnings For Year Ended December 31, 2017
Retained earnings, December 31, 2015
Add: Net income	Dec. 31
Less: Cash dividends declared	Jan. 7 + Sep. 9
Less: Treasury stock reissuances	Aug. 27
Retained earnings, December 31, 2016

Prepare the stockholders equity section of the companys balance sheet as of December 31, 2016

Alexander Corporation Statement of Retained Earnings For Year Ended December 31, 2017
Common stock authorized,
Paid-in capital in excess of par value, common stock
Retained earnings
Less: Treasury stock
Total stockholders equity

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