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E11-9 Recording and Reporting Stockholders Equity Transactions, Including Closing Entry [LO 11-2, LO 11-3] The...

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E11-9 Recording and Reporting Stockholders Equity Transactions, Including Closing Entry [LO 11-2, LO 11-3] The following Information applies to the questions displayed below The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $351,200 of common stock now held in treasury. b. Declared cash dividends In the amount of $260,600. c. Pald the dividends In (b). d. Issued 112,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account

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