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Che GL1101 Based on Problem 11-2A Kohler Company LO C3, P2, P3 Kohler Corporation reports the following components of stockholders' equity on December 31, 2016: stock-$10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Rotained earnings Total stockholders equity s 400, 000 60,000 s 730, 000 ces In year 2017, the following transactions affected its stockholders' equity accounts Jan. Jan. 1 Purchased 4,000 sharesf itis own stock at $20 cash per share. s Directors declared a $2 per share cash dividend payable on Fobruary 28 to the Pebruary 5 st re co rd . Feb- 28 Paid tho dvidand declared on January July 6 Sold 1,500 of its treasury shares at $24 eash per share. Aug. 22 Sold 2,500 of its treasury shares at $17 cash per share. Sept. 5 Directors declared a $2 per share cash dividend payable an October 28 to the Septembar 25 seackholdars ot rocord oet. 28 Paid the dividend declared on Faraings Dec. 31 closed tho $388,000 credit balance (Erom net income) in the Incone Sunnary account to Retained Statement of RE lders Impact on General Ledger Trial Balance Equity Journal For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equity as negative Prev 8.of 8 Next>

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