i need both part a steps 1-6 answered and part b in full ...
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i need both part a steps 1-6 answered and part b in full
Marin Company has the following stockholders' equity accounts at December 31, 2017. Common Stock ($100 par value, authorized 8,100 shares) $493,700 Retained Earnings 321,200 (1) (a) Prepare entries in journal form to record the following transactions, which took place during 2018. 290 shares of outstanding stock were purchased at $97 per share. (These are to be accounted for using the cost method.) (2) A $20 per share cash dividend was declared. (3) The dividend declared in (2) above was paid. (4) The treasury shares purchased in (1) above were resold at $102 per share. (5) 490 shares of outstanding stock were purchased at $105 per share. (6) 340 of the shares purchased in (5) above were resold at $96 per share. (b) Prepare the stockholders' equity section of Marin Company's balance sheet after giving effect to these transactions, assuming that the net income for 2018 was $95,200. State law requires restriction of retained earnings for the amount of treasury stock. (b) Prepare the stockholders' equity section of Marin Company's balance sheet after giving effect to these transactions, assuming that the net income for 2018 was $95,200. State law requires restriction of retained earnings for the amount of treasury stock
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