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Need help completing the general journal in Required #1, I already completed 1-4. Also need help completing Required #2 and #3

Problem 13-2A (Algo) Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 70,000 Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. Common stock-$25 par value, 100,000 shares authorized, 45,000 shares issued and outstanding $ 1,125,000 Paid-in capital in excess of par value, common stock Retained earnings 400,000 Total stockholders' equity $ 1,595,000 During the current year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stock at $25 cash per share. January s Directors declared a $6 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 1,875 of its treasury shares at $29 cash per share. August 22 Sold 3,125 of its treasury shares at $21 cash per share. September 5 Directors declared a $6 por share canh dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the dividend declared on September 5. December 31 Closed the $428,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the current year ended December 31. 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. Required 1 Required 2 Required 3 No Prepare journal entries to record each of these transactions. Date General Journal January 02 Treasury stock, Common Cash Credit Debit 125,000 1 125,000 2 January 05 240,000 Retained earnings Common dividend payable 240,000 3 > February 28 240,000 Common dividend payable Cash 240,000 4 July 06 54,375 Cash Treasury stock, Common Paid-in capital, Treasury stock >> 46,875 7,500 5 August 22 Cash 65,625 7,500 Paid In capital, Treasury stock Record the reissue of 3,125 shares of the treasury stock for $21 cash per share. Note: Enter debits before credits. Debit Credit Date General Journal August 22 Cash Paid-In capital, Treasury stock 65,625 7,500 Record entry Clear entry View general journal Record the declaration of a cash dividend of $6 per share. Note: Enter debits before credits. General Journal Debit Credit Date September 05

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