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Conmon stock $25 par vatue, 100,000 shares authorized, 45,000 shares issued and outstanding Paid-in capitat in excess of par value, comon stock Retained earnings Total stockhotders' equity $1,125,80,460,0$1,605, During the current year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stock at $15 cash per share. January 5 Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend dectared on January 5. July 6 Sold 2,500 of its treasury shares at $19 cash per share. August 22 Sold 2,500 of its treasury shares at $11 cash per share. Septenber 5 Directors declared a $4 per share cash dividend payable on October 28 to the Septenber 25 stockholders of record. October 28 Paid the dividend declared on september 5. December 31 closed the $388,000 credit balance (from net income) in the Income summary account to Retained Earnings. Conmon stock $25 par vatue, 100,000 shares authorized, 45,000 shares issued and outstanding Paid-in capitat in excess of par value, comon stock Retained earnings Total stockhotders' equity $1,125,80,460,0$1,605, During the current year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stock at $15 cash per share. January 5 Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend dectared on January 5. July 6 Sold 2,500 of its treasury shares at $19 cash per share. August 22 Sold 2,500 of its treasury shares at $11 cash per share. Septenber 5 Directors declared a $4 per share cash dividend payable on October 28 to the Septenber 25 stockholders of record. October 28 Paid the dividend declared on september 5. December 31 closed the $388,000 credit balance (from net income) in the Income summary account to Retained Earnings

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