IThe following mormation apples to the questions displayed belowj Kohler Corporation reports the following components...
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IThe following mormation apples to the questions displayed belowj Kohler Corporation reports the following components of stockholders equity on December 31, 2015 Common stock-$10 par value, 100.000 shares authorized, 40.000 shares Issued and 400,000 Pald-in capital in excess of par value, common stock 60,000 Retained earnings 270,000 Total stockholders equity 730,000 in year 2016. the Tollowing transactions amected its stockholders equity accounts. Jan. 1 Purchased 4000 shares of its own stock at $20 cashper share. Jan. 5 Directors declared a $2 per share cash dMidend payable on Feb. 2Bto the Feb. 5 stockholders of record. Feb. 28 pald the dividend declared on January 5. July 6 sold 1500 of its treasury shares at $24 cash 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 dvidend payable on October 28 to the September 25 of record Oct. 28 Palo the dividend declared on September 5. Dec. 31 Closed the $388,000 credit balance momnet Income) In the Income Summary account to Retained Earnings
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