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I have to enter this into T accounts. I am enter it into an excel workbook and everything I'm entering is wrong. I need help please. Common stock $5 stated value (900,000 shares authorized, 620,000 shares issued)................. $3,100,000 Paid-in capital in excess o stated value-common stock ....1,240,000 Retained Earnings ....$4,875,000 Treasury Stock (48,000 shares at cost) .... 288,000 The following selected transactions occurred during the year: Jan 15: Paid cash dividends of $0.06 per share on common stock. The dividend had been properly recorded when declared on Dec. 1 of the preceding fiscal year for $34320 Mar.15 Sold all the treasury stock for $6.75 per share. Apr 13. Issued 200,000 shares of common stock for $8 per share. June 14. Declared a 3% stock dividend on common stock, to be capitalized at the market price of the stock which is $7.50 per share. July 16. Issued the certificates for the dividend declared on June 14 Oct 30. Purchased 50,000 shares of treasury stock for $6 per share. Dec 30 Declared a $0.08 per share dividend on common stock 31 Closed the credit balance of the income summary account, $775,000. 31. Closed the two dividends accounts

Need to enter Jan 1 Balances in T accounts for stock holders equity accounts: common stock, treasury stock, paid in capital from sale of treasury stock, stock dividends, cash dividends

Common Stock Treasury Stock Jan. 1 Bal. Jan. 1 Bal. Dec. 31 Bal. Dec. 31 Bal. Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Stated Value Jan. 1 Bal. Dec. 31 Bal. Stock Dividends Distributable Dec. 31 Bal. Dec. 31 Bal. Retained Earnings Stock Dividends Jan. 1 Bal. Dec. 31 Bal. Dec. 31 Bal. Cash Dividends Dec. 31 Bal.

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