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On January 1, 2017, Geffrey Corporation had the following stockholders' equity accounts. Common Stock ($26...

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Accounting

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On January 1, 2017, Geffrey Corporation had the following stockholders' equity accounts. Common Stock ($26 par value, 55,500 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,443,000 202,000 637,000 During the vear, the following transactions occurred Feb. 1 Declared a $3 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February Apr. 1 Announced a2-for-1 stock split. Prior to the split, the market price per share was $35 My ly 31 1 31 Declared a 10% stock dividend to stockholders of record on uay 15, distributable July 31. On July 1, the market price of Issued the shares for the stock dividend. Declared a $0.30 per share dividend to stockholder Dec. s of record on December 15, payable January 5, 2018. da tha deeina anties for net income and dividends. (Credit account titles are automatically indented ywhen amount i ly. If no entry lis required, select No Entry for the account titles oand enter 0 for the amounts. Record journal entries in the order presented in the ered. Do not try is required, select No Entry" for t problem.) Date Account Titles and Explanation Debit Credit

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