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Exercise 11-24 (Algo) Cash dividends, treasury stock, and statement of retained eornings LO C3, P2, P3 Alex Corporation reports the following components of stockholders equity at December 31 of the prior year Dunng the current yeat, the following transactions affected its stockholders' equily accounts. January 2 purchased 3,6e0 shares of its om stock at 125 cash per stare. January ? oirectors declared a s1. se per thare cash dividend payzble on february at to the rebruary 9 stockholders of record. february 28 paid the dividend declared on 3anvary ?. July 9 sold 1,440 of its treasury shares at sie cash per share. August 27 sold 1,000 of its treasury shares at 321 cash per share. septeaber 9 oirectors declared a \$2 per share cash dividend payobie on octoser 22 to the septenber 23 stocknolders of record. octaber 22 paid the dividend declared on septenber 9. decenber is closed the ssi, voe credit balance (from net incobe) in the incone sumary account, to netained farnings. Required: 1. Prepare journal enthes to record each of these transactions 2. PreDare a statement of reained eamings for the current year ended December 31 3. Prepare the stockholders equity section of the balance sheet as of December 31 of the current yeat Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of these transactions. Journal entry worksheet 345678 Record the purchase of 3,600 shares of its own common stock for $25 cash per share. Note: Enter debits before credits. Requlred: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained eamings for the current year ended December 31 . 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year: Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the current year ended December 31. (Amounts to be deducted should be indicated by a minos sign.) 1. Prepare journal entnes to record each of these transactions. 2. Prepare a statement of retoined earnangs for the current year ended December 31 . 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section of the balance theet as of December 31 of the current year. (Amounts to be deducted should be indicated by a minus sign.)

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