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Required information [The following information applies to the questions displayed below.] The annual report for...

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Accounting

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Required information [The following information applies to the questions displayed below.] The annual report for Malibu Beachwear reported the following transactions affecting stockholders' ea a. Purchased $350,000 of common stock now held in treasury b. Declared cash dividends in the amount of $260,000. c Paid the dividends in (b). d. Issued 100,000 new shares of $0.10 par value common shares for $2 per share. e Closed the Dividends account 2. Prepare journal entries to record each of these events. (If no entry is required for a transaction/event, selec Required" in the first account field.) View transaction list Journal entry worksheet

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