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Kohler Corporation reports the following components of stockholders equity at December 31,2019. ...

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Accounting

Kohler Corporation reports the following components of stockholders equity at December 31,2019.
Common stock$10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding $ 400,000
Paid-in capital in excess of par value, common stock 60,000
Retained earnings 270,000
Total stockholders' equity $ 730,000
During 2020, the following transactions affected its stockholders equity accounts.
January 2 Purchased 4,000 shares of its own stock at $20 cash per share.
January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record.
February 28 Paid the dividend declared on January 5.
July 6 Sold 1,500 of its treasury shares at $24 cash per share.
August 22 Sold 2,500 of its treasury shares at $17 cash per share.
September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record.
October 28 Paid the dividend declared on September 5.
December 32 Closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings.

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