Required information [The following information applies to the questions displayed below.) The annual report for...
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Accounting
Required information [The following information applies to the questions displayed below.) The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity a. Purchased $351100 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,550. c Paid the dividends in (b). d. Issued 111,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account 3. Prepare a statement of stockholders' equity, assuming the following opening balances 0 Retained Common Stock Additional Paid. Treasury In Capital Earnings Stock Beginning $ 13,050 $ 195,500 S 151,100 $ Stock Issuances Net Income 281.000 Dividends Common Ending
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