Required Record the transactions in the general journal.
January Declared a $ cash dividend, payable on March to the shareholders of record on February Indicate the amount payable to each class of shareholder.
February Issued comma common shares for $ per share.
March Paid the cash dividend declared on January
April Declared a percent share dividend on the common shares, distributable on May to the shareholders of record on April The market value of the shares was $ per share.
May Distributed the share dividend declared on April
July Repurchased comma of the company's own common shares at $ per share.
September Issued comma common shares for $ per share.
November Split the common shares for
December Reported net income of $ comma Closed the Income Summary account.
Required Prepare the statement of shareholders' equity for the year ended December
